Adecoagro S.A. (NYSE:AGRO) Short Interest Update

Adecoagro S.A. (NYSE:AGRO) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 630,200 shares, an increase of 8.4% from the May 15th total of 581,600 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 578,200 shares, the short-interest ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Adecoagro from a “hold” rating to a “buy” rating in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.17.

Hedge Funds Weigh In On Adecoagro

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGRO. Tower Research Capital LLC TRC lifted its holdings in shares of Adecoagro by 168.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock valued at $52,000 after purchasing an additional 2,923 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Adecoagro during the 1st quarter valued at approximately $128,000. Cornerstone Investment Partners LLC purchased a new position in Adecoagro during the first quarter valued at $176,000. Principal Securities Inc. bought a new stake in Adecoagro in the fourth quarter worth $204,000. Finally, Semanteon Capital Management LP purchased a new stake in shares of Adecoagro in the fourth quarter worth $225,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Trading Down 1.5 %

Shares of AGRO opened at $9.00 on Wednesday. Adecoagro has a 1-year low of $8.96 and a 1-year high of $12.51. The company has a current ratio of 2.87, a quick ratio of 1.16 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average price is $10.36 and its 200-day moving average price is $10.50. The firm has a market capitalization of $936.74 million, a price-to-earnings ratio of 3.81, a PEG ratio of 1.38 and a beta of 1.11.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.22 earnings per share for the quarter. Adecoagro had a return on equity of 10.55% and a net margin of 19.18%. The business had revenue of $261.78 million for the quarter. Sell-side analysts anticipate that Adecoagro will post 1.71 EPS for the current year.

Adecoagro Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, May 29th. Shareholders of record on Tuesday, May 14th were issued a $0.1682 dividend. This is an increase from Adecoagro’s previous semi-annual dividend of $0.17. The ex-dividend date was Monday, May 13th. This represents a yield of 2.9%. Adecoagro’s dividend payout ratio is 14.41%.

About Adecoagro

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.