AgroFresh Solutions Inc (AGFS) Major Shareholder Dowdupont Inc. Buys 61,563 Shares of Stock

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AgroFresh Solutions Inc (NASDAQ:AGFS) major shareholder Dowdupont Inc. purchased 61,563 shares of the business’s stock in a transaction on Monday, November 5th. The shares were acquired at an average cost of $5.74 per share, with a total value of $353,371.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Dowdupont Inc. also recently made the following trade(s):

  • On Thursday, November 1st, Dowdupont Inc. purchased 59,057 shares of AgroFresh Solutions stock. The shares were acquired at an average cost of $5.79 per share, with a total value of $341,940.03.
  • On Tuesday, October 30th, Dowdupont Inc. purchased 58,922 shares of AgroFresh Solutions stock. The shares were acquired at an average cost of $5.78 per share, with a total value of $340,569.16.
  • On Friday, October 26th, Dowdupont Inc. purchased 56,933 shares of AgroFresh Solutions stock. The shares were acquired at an average cost of $5.70 per share, with a total value of $324,518.10.
  • On Wednesday, October 24th, Dowdupont Inc. bought 57,069 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.65 per share, with a total value of $322,439.85.
  • On Saturday, October 20th, Dowdupont Inc. bought 61,332 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.67 per share, with a total value of $347,752.44.
  • On Thursday, October 18th, Dowdupont Inc. bought 64,659 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.91 per share, with a total value of $382,134.69.
  • On Tuesday, October 16th, Dowdupont Inc. bought 62,370 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.88 per share, with a total value of $366,735.60.
  • On Friday, October 12th, Dowdupont Inc. bought 68,606 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.96 per share, with a total value of $408,891.76.
  • On Wednesday, October 10th, Dowdupont Inc. bought 68,814 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.28 per share, with a total value of $432,151.92.
  • On Friday, October 5th, Dowdupont Inc. bought 34,942 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.29 per share, with a total value of $219,785.18.

AGFS opened at $5.69 on Wednesday. AgroFresh Solutions Inc has a fifty-two week low of $4.94 and a fifty-two week high of $8.75. The company has a quick ratio of 1.53, a current ratio of 1.93 and a debt-to-equity ratio of 1.07.

AgroFresh Solutions (NASDAQ:AGFS) last posted its earnings results on Thursday, August 9th. The basic materials company reported ($0.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.18). AgroFresh Solutions had a negative return on equity of 6.57% and a negative net margin of 1.17%. The firm had revenue of $18.84 million for the quarter.

A number of equities research analysts have recently weighed in on AGFS shares. BidaskClub raised AgroFresh Solutions from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Citigroup dropped their target price on AgroFresh Solutions from $7.50 to $7.00 and set a “neutral” rating for the company in a report on Thursday, August 16th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Levin Capital Strategies L.P. acquired a new position in AgroFresh Solutions in the third quarter valued at about $125,000. Private Advisor Group LLC acquired a new position in AgroFresh Solutions in the second quarter valued at about $125,000. Rhumbline Advisers raised its stake in AgroFresh Solutions by 49.0% in the second quarter. Rhumbline Advisers now owns 30,499 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 10,034 shares in the last quarter. Renaissance Technologies LLC raised its stake in AgroFresh Solutions by 55.5% in the second quarter. Renaissance Technologies LLC now owns 39,650 shares of the basic materials company’s stock valued at $278,000 after purchasing an additional 14,150 shares in the last quarter. Finally, Hartford Investment Management Co. acquired a new position in AgroFresh Solutions in the second quarter valued at about $297,000. 80.21% of the stock is owned by institutional investors.

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About AgroFresh Solutions

AgroFresh Solutions, Inc provides data-driven specialty solutions worldwide. The company uses 1-Methylcyclopropene technology, an ethylene action inhibitor to maintain freshness and extend the shelf life of various fresh produce. Its solutions enable growers and packers of fresh produce to preserve and enhance the freshness, quality, and value of fresh produce, including apples, pears, kiwifruit, avocados, and bananas, as well as flowers.

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