Dowdupont Inc. Buys 63,167 Shares of AgroFresh Solutions Inc (AGFS) Stock

AgroFresh Solutions Inc (NASDAQ:AGFS) major shareholder Dowdupont Inc. bought 63,167 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were purchased at an average cost of $5.74 per share, with a total value of $362,578.58. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, November 5th, Dowdupont Inc. bought 61,563 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.74 per share, with a total value of $353,371.62.
  • On Thursday, November 1st, Dowdupont Inc. bought 59,057 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.79 per share, with a total value of $341,940.03.
  • On Tuesday, October 30th, Dowdupont Inc. bought 58,922 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.78 per share, with a total value of $340,569.16.
  • On Friday, October 26th, Dowdupont Inc. bought 56,933 shares of AgroFresh Solutions stock. The shares were purchased 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.

Shares of AGFS opened at $5.41 on Friday. 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 Inc has a 52 week low of $4.96 and a 52 week high of $8.75.

AgroFresh Solutions (NASDAQ:AGFS) last announced its quarterly earnings data on Wednesday, November 7th. The basic materials company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.16). The company had revenue of $68.70 million for the quarter. AgroFresh Solutions had a negative net margin of 4.50% and a negative return on equity of 8.02%.

A number of research analysts have weighed in on AGFS shares. BidaskClub raised shares of AgroFresh Solutions from a “strong sell” rating to a “sell” rating in a research report on Friday, August 24th. Citigroup cut their price objective on shares of AgroFresh Solutions from $7.50 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, August 16th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of AgroFresh Solutions by 35.1% during the first quarter. Dimensional Fund Advisors LP now owns 682,817 shares of the basic materials company’s stock valued at $5,019,000 after buying an additional 177,377 shares during the last quarter. Dow Chemical Co. DE raised its position in shares of AgroFresh Solutions by 1.4% during the second quarter. Dow Chemical Co. DE now owns 18,431,604 shares of the basic materials company’s stock valued at $129,206,000 after buying an additional 253,366 shares during the last quarter. Hartford Investment Management Co. acquired a new position in shares of AgroFresh Solutions during the second quarter valued at about $297,000. BlackRock Inc. raised its position in shares of AgroFresh Solutions by 30.7% during the second quarter. BlackRock Inc. now owns 1,699,223 shares of the basic materials company’s stock valued at $11,911,000 after buying an additional 399,393 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of AgroFresh Solutions during the second quarter valued at about $850,000. 80.21% of the stock is owned by institutional investors and hedge funds.

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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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