Dowdupont Inc. Purchases 56,933 Shares of AgroFresh Solutions Inc (AGFS) Stock

AgroFresh Solutions Inc (NASDAQ:AGFS) major shareholder Dowdupont Inc. acquired 56,933 shares of the stock in a transaction dated Friday, October 26th. The stock was bought at an average price of $5.70 per share, for a total transaction of $324,518.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, November 19th, Dowdupont Inc. acquired 36,081 shares of AgroFresh Solutions stock. The stock was bought at an average price of $4.77 per share, for a total transaction of $172,106.37.
  • On Friday, November 16th, Dowdupont Inc. acquired 66,220 shares of AgroFresh Solutions stock. The stock was bought at an average price of $4.88 per share, for a total transaction of $323,153.60.
  • On Wednesday, November 14th, Dowdupont Inc. acquired 66,220 shares of AgroFresh Solutions stock. The stock was bought at an average price of $5.09 per share, for a total transaction of $337,059.80.
  • On Monday, November 12th, Dowdupont Inc. acquired 95,615 shares of AgroFresh Solutions stock. The stock was bought at an average price of $5.26 per share, for a total transaction of $502,934.90.
  • On Wednesday, November 7th, Dowdupont Inc. acquired 63,167 shares of AgroFresh Solutions stock. The stock was bought at an average price of $5.74 per share, for a total transaction of $362,578.58.
  • On Monday, November 5th, Dowdupont Inc. acquired 61,563 shares of AgroFresh Solutions stock. The stock was bought at an average price of $5.74 per share, for a total transaction of $353,371.62.
  • On Thursday, November 1st, Dowdupont Inc. acquired 59,057 shares of AgroFresh Solutions stock. The stock was bought at an average price of $5.79 per share, for a total transaction of $341,940.03.
  • On Tuesday, October 30th, Dowdupont Inc. acquired 58,922 shares of AgroFresh Solutions stock. The stock was bought at an average price of $5.78 per share, for a total transaction of $340,569.16.
  • On Wednesday, October 24th, Dowdupont Inc. acquired 57,069 shares of AgroFresh Solutions stock. The stock was bought at an average price 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 acquired at an average price of $5.67 per share, for a total transaction of $347,752.44.

NASDAQ AGFS traded up $0.09 during trading hours on Thursday, reaching $4.30. 69,216 shares of the company’s stock were exchanged, compared to its average volume of 154,566. AgroFresh Solutions Inc has a one year low of $4.09 and a one year high of $8.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.55 and a current ratio of 1.75.

AgroFresh Solutions (NASDAQ:AGFS) last released its quarterly earnings results 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 business had revenue of $68.70 million for the quarter. AgroFresh Solutions had a negative return on equity of 8.17% and a negative net margin of 4.50%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC bought a new stake in AgroFresh Solutions during the 2nd quarter worth approximately $125,000. Levin Capital Strategies L.P. acquired a new position in AgroFresh Solutions during the 3rd quarter worth $125,000. Rhumbline Advisers lifted its holdings in AgroFresh Solutions by 49.0% during the 2nd quarter. Rhumbline Advisers now owns 30,499 shares of the basic materials company’s stock worth $214,000 after buying an additional 10,034 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in AgroFresh Solutions by 55.5% during the 2nd quarter. Renaissance Technologies LLC now owns 39,650 shares of the basic materials company’s stock worth $278,000 after buying an additional 14,150 shares in the last quarter. Finally, Hartford Investment Management Co. acquired a new position in AgroFresh Solutions during the 2nd quarter worth $297,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

A number of research firms recently commented on AGFS. BidaskClub lowered AgroFresh Solutions from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 26th. Citigroup decreased their price target on AgroFresh Solutions from $7.50 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, August 16th.

COPYRIGHT VIOLATION WARNING: “Dowdupont Inc. Purchases 56,933 Shares of AgroFresh Solutions Inc (AGFS) Stock” was posted by Enterprise Leader and is the property of of Enterprise Leader. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://theenterpriseleader.com/2018/11/22/agrofresh-solutions-inc-agfs-major-shareholder-purchases-324518-10-in-stock.html.

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.

Read More: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

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

Receive News & Ratings for AgroFresh Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AgroFresh Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply