AgroFresh Solutions Inc (AGFS) Major Shareholder Purchases $340,569.16 in Stock

AgroFresh Solutions Inc (NASDAQ:AGFS) major shareholder Dowdupont Inc. purchased 58,922 shares of the stock in a transaction on Tuesday, October 30th. The shares were purchased at an average cost of $5.78 per share, for a total transaction of $340,569.16. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Large 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 Friday, October 26th, Dowdupont Inc. purchased 56,933 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.70 per share, for a total transaction of $324,518.10.
  • On Wednesday, October 24th, Dowdupont Inc. purchased 57,069 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.65 per share, for a total transaction of $322,439.85.
  • On Saturday, October 20th, Dowdupont Inc. purchased 61,332 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.67 per share, for a total transaction of $347,752.44.
  • On Thursday, October 18th, Dowdupont Inc. purchased 64,659 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.91 per share, for a total transaction of $382,134.69.
  • On Tuesday, October 16th, Dowdupont Inc. purchased 62,370 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.88 per share, for a total transaction of $366,735.60.
  • On Friday, October 12th, Dowdupont Inc. purchased 68,606 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.96 per share, for a total transaction of $408,891.76.
  • On Wednesday, October 10th, Dowdupont Inc. purchased 68,814 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.28 per share, for a total transaction of $432,151.92.
  • On Friday, October 5th, Dowdupont Inc. purchased 34,942 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.29 per share, for a total transaction of $219,785.18.
  • On Monday, October 8th, Dowdupont Inc. purchased 103,670 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.34 per share, for a total transaction of $657,267.80.
  • On Wednesday, October 3rd, Dowdupont Inc. purchased 67,914 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.16 per share, for a total transaction of $418,350.24.

AgroFresh Solutions stock opened at $5.76 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.53 and a current ratio of 1.93. AgroFresh Solutions Inc has a 1 year low of $4.94 and a 1 year high of $8.75.

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

Several brokerages have weighed in on AGFS. BidaskClub downgraded shares of AgroFresh Solutions from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. Citigroup lowered their price target on shares of AgroFresh Solutions from $7.50 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, August 16th.

Institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in shares of AgroFresh Solutions during the second quarter valued at approximately $125,000. Levin Capital Strategies L.P. bought a new stake in shares of AgroFresh Solutions during the third quarter valued at approximately $125,000. Rhumbline Advisers raised its position in shares of AgroFresh Solutions by 49.0% during the second quarter. Rhumbline Advisers now owns 30,499 shares of the basic materials company’s stock valued at $214,000 after buying an additional 10,034 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of AgroFresh Solutions by 55.5% during the second quarter. Renaissance Technologies LLC now owns 39,650 shares of the basic materials company’s stock valued at $278,000 after buying an additional 14,150 shares during the last quarter. Finally, Hartford Investment Management Co. bought a new stake in shares of AgroFresh Solutions during the second quarter valued at approximately $297,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

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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Insider Buying and Selling by Quarter for AgroFresh Solutions (NASDAQ:AGFS)

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