Citadel Advisors LLC grew its position in AgroFresh Solutions Inc (NASDAQ:AGFS) by 29.2% in the first quarter, HoldingsChannel.com reports. The firm owned 69,836 shares of the basic materials company’s stock after acquiring an additional 15,788 shares during the period. Citadel Advisors LLC’s holdings in AgroFresh Solutions were worth $513,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of AGFS. Schwab Charles Investment Management Inc. boosted its position in shares of AgroFresh Solutions by 38.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 48,400 shares of the basic materials company’s stock worth $356,000 after acquiring an additional 13,400 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of AgroFresh Solutions by 332.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 18,310 shares of the basic materials company’s stock worth $135,000 after acquiring an additional 14,073 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of AgroFresh Solutions by 57.3% during the fourth quarter. Wells Fargo & Company MN now owns 43,323 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 15,788 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of AgroFresh Solutions during the first quarter worth $124,000. Finally, Northern Trust Corp boosted its position in shares of AgroFresh Solutions by 8.3% during the first quarter. Northern Trust Corp now owns 293,045 shares of the basic materials company’s stock worth $2,154,000 after acquiring an additional 22,470 shares during the last quarter. Institutional investors and hedge funds own 76.38% of the company’s stock.
Separately, BidaskClub upgraded shares of AgroFresh Solutions from a “hold” rating to a “buy” rating in a research report on Monday.
Shares of AgroFresh Solutions opened at $7.58 on Wednesday, Marketbeat reports. The company has a quick ratio of 2.19, a current ratio of 2.50 and a debt-to-equity ratio of 0.98. AgroFresh Solutions Inc has a fifty-two week low of $4.94 and a fifty-two week high of $9.05.
AgroFresh Solutions (NASDAQ:AGFS) last issued its earnings results on Thursday, May 10th. The basic materials company reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.21). AgroFresh Solutions had a negative return on equity of 0.37% and a net margin of 13.28%. The company had revenue of $38.35 million for the quarter.
In related news, major shareholder Dowdupont Inc. bought 61,008 shares of the company’s stock in a transaction that occurred on Friday, April 27th. The stock was purchased at an average price of $6.94 per share, for a total transaction of $423,395.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Lobisser sold 20,000 shares of the company’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $7.50, for a total transaction of $150,000.00. Following the transaction, the director now owns 12,198 shares of the company’s stock, valued at approximately $91,485. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 212,928 shares of company stock valued at $1,483,660. 1.80% of the stock is owned by company insiders.
AgroFresh Solutions Company Profile
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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