Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Up 7.6% - Here's What Happened

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) shot up 7.6% during mid-day trading on Tuesday . The stock traded as high as $13.66 and last traded at $13.66. 129,422 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 225,546 shares. The stock had previously closed at $12.70.

Analyst Ratings Changes

Separately, StockNews.com lowered Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a "hold" rating to a "sell" rating in a report on Tuesday, November 12th.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Up 4.0 %

The firm has a market cap of $796.75 million, a PE ratio of -10.01 and a beta of 1.13. The company has a 50-day simple moving average of $12.33 and a 200 day simple moving average of $9.80. The company has a current ratio of 1.09, a quick ratio of 0.85 and a debt-to-equity ratio of 0.30.

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

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

Hedge Funds Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of 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 valued at $81,000 after acquiring an additional 4,545 shares during the last quarter. Truist Financial Corp acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth $216,000. Meixler Investment Management Ltd. lifted its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.9% in the third quarter. Meixler Investment Management Ltd. now owns 47,670 shares of the company's stock worth $412,000 after buying an additional 3,893 shares in the last quarter. Herr Investment Group LLC acquired a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter worth about $821,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter valued at about $884,000. Institutional investors and hedge funds own 12.90% of the company's stock.

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.