Virtu Financial LLC Invests $163,000 in Adecoagro S.A. (NYSE:AGRO)

Virtu Financial LLC bought a new stake in Adecoagro S.A. (NYSE:AGRO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,317 shares of the company’s stock, valued at approximately $163,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Adecoagro in the 3rd quarter valued at $37,000. Point72 Hong Kong Ltd boosted its holdings in Adecoagro by 21.9% in the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock valued at $58,000 after acquiring an additional 933 shares during the last quarter. R Squared Ltd purchased a new stake in Adecoagro during the fourth quarter valued at about $70,000. Blue Trust Inc. increased its stake in Adecoagro by 87.2% during the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock worth $129,000 after acquiring an additional 6,387 shares during the last quarter. Finally, Rockingstone Advisors LLC purchased a new position in shares of Adecoagro in the 4th quarter worth about $170,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Adecoagro from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Adecoagro presently has a consensus rating of “Hold” and a consensus price target of $12.63.

Adecoagro Price Performance

AGRO stock opened at $11.38 on Friday. The stock has a 50-day simple moving average of $10.32 and a 200-day simple moving average of $10.64. The firm has a market cap of $1.18 billion, a P/E ratio of 7.58, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. Adecoagro S.A. has a 1 year low of $8.72 and a 1 year high of $12.08.

Adecoagro Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.175 per share. This is a boost from Adecoagro’s previous semi-annual dividend of $0.17. This represents a dividend yield of 3%. The ex-dividend date is Friday, May 2nd. Adecoagro’s payout ratio is presently 39.33%.

Adecoagro Company Profile

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.