Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares to Split on Friday, November 28th

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s stock is scheduled to split on Friday, November 28th. The 1.00845956 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Thursday, November 27th.

Cresud S.A.C.I.F. y A. Price Performance

Shares of CRESY traded down $0.34 during trading hours on Thursday, hitting $11.58. 156,968 shares of the company were exchanged, compared to its average volume of 239,329. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.24 and a quick ratio of 0.93. The company has a market capitalization of $731.67 million, a PE ratio of 10.07 and a beta of 1.07. The firm has a fifty day simple moving average of $10.28 and a 200-day simple moving average of $10.73. Cresud S.A.C.I.F. y A. has a one year low of $8.39 and a one year high of $14.23.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its earnings results on Monday, November 10th. The company reported $0.42 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 4.65% and a net margin of 10.57%.The company had revenue of $239.85 million for the quarter.

Cresud S.A.C.I.F. y A. Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 28th will be given a dividend of $0.6293 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a yield of 530.0%. Cresud S.A.C.I.F. y A.’s payout ratio is presently 25.88%.

Analyst Upgrades and Downgrades

CRESY has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kopernik Global Investors LLC increased its position in Cresud S.A.C.I.F. y A. by 19.9% during the second quarter. Kopernik Global Investors LLC now owns 2,392,876 shares of the company’s stock worth $25,747,000 after acquiring an additional 396,741 shares during the period. GMT Capital Corp raised its position in shares of Cresud S.A.C.I.F. y A. by 52.9% during the second quarter. GMT Capital Corp now owns 1,569,608 shares of the company’s stock valued at $16,889,000 after buying an additional 543,213 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cresud S.A.C.I.F. y A. by 9.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,038,336 shares of the company’s stock valued at $11,474,000 after buying an additional 90,066 shares during the period. 683 Capital Management LLC lifted its stake in shares of Cresud S.A.C.I.F. y A. by 7.1% in the second quarter. 683 Capital Management LLC now owns 889,000 shares of the company’s stock valued at $9,566,000 after buying an additional 59,000 shares during the period. Finally, VR Advisory Services Ltd grew its position in Cresud S.A.C.I.F. y A. by 113.0% during the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after buying an additional 470,365 shares in the last quarter. 12.90% of the stock is currently owned by institutional investors and hedge funds.

About Cresud S.A.C.I.F. y A.

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.