Cosan (NYSE:CSAN) CEO Marcelo Eduardo Martins Purchases 1,599,086 Shares

Cosan S.A. Sponsored ADR (NYSE:CSAN) CEO Marcelo Eduardo Martins acquired 1,599,086 shares of the stock in a transaction on Friday, April 10th. The shares were purchased at an average price of $7.05 per share, for a total transaction of $11,273,556.30. Following the transaction, the chief executive officer directly owned 3,120,178 shares in the company, valued at approximately $21,997,254.90. This trade represents a 105.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Marcelo Eduardo Martins also recently made the following trade(s):

• On Tuesday, May 19th, Marcelo Eduardo Martins purchased 2,441,528 shares of Cosan stock. The stock was acquired at an average price of $5.14 per share, for a total transaction of $12,549,453.92.

Cosan Trading Up 0.7%

CSAN stock opened at $3.48 on Friday. Cosan S.A. Sponsored ADR has a 52 week low of $3.25 and a 52 week high of $6.25. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.65 and a current ratio of 1.80. The company’s 50-day simple moving average is $4.05 and its 200 day simple moving average is $4.36. The company has a market capitalization of $3.45 billion, a PE ratio of -1.41 and a beta of 0.82.

Cosan (NYSE:CSAN) last issued its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) earnings per share for the quarter. Cosan had a negative return on equity of 13.94% and a negative net margin of 32.24%.The business had revenue of $1.74 billion during the quarter.

Institutional Trading of Cosan

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kapitalo Investimentos Ltda increased its position in shares of Cosan by 280.1% in the third quarter. Kapitalo Investimentos Ltda now owns 418,432 shares of the company’s stock worth $1,925,000 after purchasing an additional 308,340 shares during the period. UBS Group AG increased its position in shares of Cosan by 36.9% in the fourth quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after purchasing an additional 941,548 shares during the period. Monaco Asset Management SAM bought a new position in shares of Cosan in the third quarter worth $4,600,000. Optiver Holding B.V. bought a new position in shares of Cosan in the third quarter worth $589,000. Finally, Tejara Capital Ltd bought a new position in shares of Cosan in the fourth quarter worth $1,386,000.

Cosan Company Profile

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.