Ping Capital Management Inc. Purchases 30,300 Shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY)

Ping Capital Management Inc. raised its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) by 26.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 145,300 shares of the company’s stock after buying an additional 30,300 shares during the period. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria accounts for 0.4% of Ping Capital Management Inc.’s portfolio, making the stock its 15th biggest position. Ping Capital Management Inc.’s holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria were worth $1,835,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 238.3% during the 4th quarter. GAMMA Investing LLC now owns 6,452 shares of the company’s stock valued at $81,000 after buying an additional 4,545 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter worth $216,000. Meixler Investment Management Ltd. grew its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.9% during the 3rd quarter. Meixler Investment Management Ltd. now owns 47,670 shares of the company’s stock worth $412,000 after purchasing an additional 3,893 shares during the period. Crocodile Capital Partners GmbH acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 4th quarter worth about $1,010,000. Finally, B. Riley Wealth Advisors Inc. grew its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 52.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 163,400 shares of the company’s stock worth $1,421,000 after purchasing an additional 55,900 shares during the period. 12.90% of the stock is owned by institutional investors and hedge funds.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Up 2.9 %

Shares of NASDAQ:CRESY opened at $12.92 on Wednesday. The business has a 50-day moving average price of $12.93 and a 200 day moving average price of $10.29. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 12-month low of $6.56 and a 12-month high of $14.23. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.85.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last announced its earnings results on Friday, November 8th. The company reported ($0.71) EPS for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative net margin of 7.06% and a negative return on equity of 2.46%. The firm had revenue of $240.86 million for the quarter.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.6096 per share. This is a positive change from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. The ex-dividend date of this dividend was Monday, December 2nd. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio (DPR) is presently -44.70%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Profile

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.