Meixler Investment Management Ltd. Has $628,000 Stock Holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY)

Meixler Investment Management Ltd. lifted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,741 shares of the company’s stock after acquiring an additional 2,071 shares during the quarter. Meixler Investment Management Ltd. owned approximately 0.08% of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 238.3% during the fourth quarter. GAMMA Investing LLC now owns 6,452 shares of the company’s stock worth $81,000 after buying an additional 4,545 shares during the last quarter. Truist Financial Corp acquired a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter worth $216,000. Ping Capital Management Inc. increased its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 26.3% during the fourth quarter. Ping Capital Management Inc. now owns 145,300 shares of the company’s stock worth $1,835,000 after buying an additional 30,300 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 52.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 163,400 shares of the company’s stock worth $1,421,000 after buying an additional 55,900 shares during the last quarter. Finally, Glenorchy Capital Ltd increased its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 32.0% during the third quarter. Glenorchy Capital Ltd now owns 282,741 shares of the company’s stock worth $2,443,000 after buying an additional 68,606 shares during the last quarter. 12.90% of the stock is owned by institutional investors and hedge funds.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Performance

Shares of NASDAQ:CRESY opened at $11.30 on Friday. The company has a market cap of $681.50 million, a P/E ratio of -8.56 and a beta of 1.11. The stock’s 50-day moving average is $12.76 and its 200-day moving average is $10.53. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 52-week low of $6.56 and a 52-week high of $14.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.85 and a current ratio of 1.09.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last issued its quarterly earnings results on Monday, February 10th. The company reported ($0.32) earnings per share (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%.

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

The firm also recently declared a dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, December 2nd were given a $0.6096 dividend. This is an increase from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. The ex-dividend date was Monday, December 2nd. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio (DPR) is currently -44.70%.

Analyst Ratings Changes

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

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

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.