Adecoagro S.A. (NYSE:AGRO) Short Interest Up 96.8% in June

Adecoagro S.A. (NYSE:AGRO) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 1,240,000 shares, an increase of 96.8% from the May 31st total of 630,200 shares. Based on an average daily trading volume, of 626,900 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its position in shares of Adecoagro by 168.4% in 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 period. Susquehanna Fundamental Investments LLC acquired a new stake in Adecoagro during the first quarter worth approximately $128,000. Cornerstone Investment Partners LLC bought a new stake in shares of Adecoagro during the first quarter worth approximately $176,000. Principal Securities Inc. acquired a new position in shares of Adecoagro in the fourth quarter valued at approximately $204,000. Finally, Semanteon Capital Management LP bought a new position in shares of Adecoagro during the fourth quarter worth approximately $225,000. 45.25% of the stock is currently owned by institutional investors.

Adecoagro Trading Up 0.2 %

Shares of AGRO stock traded up $0.02 during trading hours on Friday, reaching $9.73. The company had a trading volume of 482,082 shares, compared to its average volume of 729,732. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.87 and a quick ratio of 1.16. Adecoagro has a 1-year low of $8.96 and a 1-year high of $12.51. The company has a 50 day moving average of $10.10 and a 200 day moving average of $10.39. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 4.12, a P/E/G ratio of 1.46 and a beta of 1.11.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.22 earnings per share (EPS) for the quarter. Adecoagro had a return on equity of 10.55% and a net margin of 19.18%. The firm had revenue of $261.78 million for the quarter. On average, equities research analysts anticipate that Adecoagro will post 1.74 EPS for the current year.

Adecoagro Increases Dividend

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

Analyst Ratings Changes

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

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.