Pentwater Capital Management LP trimmed its position in shares of AgroFresh Solutions Inc (NASDAQ:AGFS) by 72.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,400 shares of the basic materials company’s stock after selling 228,600 shares during the period. Pentwater Capital Management LP owned about 0.17% of AgroFresh Solutions worth $639,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Dow Chemical Co. DE raised its holdings in shares of AgroFresh Solutions by 2.6% during the fourth quarter. Dow Chemical Co. DE now owns 18,178,238 shares of the basic materials company’s stock worth $127,793,000 after acquiring an additional 467,845 shares in the last quarter. American Century Companies Inc. increased its position in AgroFresh Solutions by 24.6% during the third quarter. American Century Companies Inc. now owns 230,997 shares of the basic materials company’s stock worth $1,624,000 after buying an additional 45,661 shares during the last quarter. Dimensional Fund Advisors LP increased its position in AgroFresh Solutions by 176.4% during the second quarter. Dimensional Fund Advisors LP now owns 226,106 shares of the basic materials company’s stock worth $1,623,000 after buying an additional 144,297 shares during the last quarter. Algert Global LLC acquired a new position in AgroFresh Solutions during the fourth quarter worth $496,000. Finally, Wedge Capital Management L L P NC acquired a new position in AgroFresh Solutions during the fourth quarter worth $872,000. Institutional investors and hedge funds own 71.52% of the company’s stock.
AGFS has been the topic of several analyst reports. BidaskClub raised shares of AgroFresh Solutions from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. ValuEngine raised shares of AgroFresh Solutions from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st.
In other AgroFresh Solutions news, major shareholder Dowdupont Inc. bought 18,501 shares of the stock in a transaction on Monday, December 18th. The shares were purchased at an average cost of $7.00 per share, with a total value of $129,507.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 467,027 shares of company stock worth $2,939,097 over the last three months. Company insiders own 15.20% of the company’s stock.
AgroFresh Solutions Inc (NASDAQ:AGFS) traded down $0.02 during trading on Monday, reaching $7.69. 97,200 shares of the company’s stock traded hands, compared to its average volume of 156,318. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.51 and a quick ratio of 2.28. The firm has a market capitalization of $387.09, a P/E ratio of -5.49 and a beta of 0.86. AgroFresh Solutions Inc has a 52-week low of $2.61 and a 52-week high of $9.05.
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About AgroFresh Solutions
AgroFresh Solutions, Inc, formerly Boulevard Acquisition Corp., is a developer of agricultural technologies that preserve the freshness and value of fresh produce, including apples, pears, kiwifruit, avocados and bananas, as well as flowers. The Company’s principal product, The SmartFresh Quality System (SmartFresh), regulates the post-harvest ripening effects of ethylene, the naturally occurring plant hormone that triggers ripening in certain fruits and vegetables, through technology.
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