Dowdupont Inc. Acquires 73,909 Shares of AgroFresh Solutions Inc (AGFS) Stock

AgroFresh Solutions Inc (NASDAQ:AGFS) major shareholder Dowdupont Inc. purchased 73,909 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The shares were purchased at an average price of $6.75 per share, for a total transaction of $498,885.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Wednesday, September 19th, Dowdupont Inc. purchased 75,400 shares of AgroFresh Solutions stock. The shares were purchased at an average price of $6.77 per share, for a total transaction of $510,458.00.
  • On Monday, September 17th, Dowdupont Inc. purchased 80,129 shares of AgroFresh Solutions stock. The shares were purchased at an average price of $6.46 per share, for a total transaction of $517,633.34.
  • On Thursday, September 13th, Dowdupont Inc. purchased 83,912 shares of AgroFresh Solutions stock. The shares were purchased at an average price of $6.18 per share, for a total transaction of $518,576.16.
  • On Tuesday, September 11th, Dowdupont Inc. purchased 83,844 shares of AgroFresh Solutions stock. The shares were purchased at an average price of $6.17 per share, for a total transaction of $517,317.48.
  • On Friday, September 7th, Dowdupont Inc. bought 79,666 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.28 per share, for a total transaction of $500,302.48.
  • On Wednesday, September 5th, Dowdupont Inc. bought 79,386 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.35 per share, for a total transaction of $504,101.10.
  • On Friday, August 31st, Dowdupont Inc. bought 67,600 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.70 per share, for a total transaction of $452,920.00.
  • On Wednesday, August 29th, Dowdupont Inc. bought 67,202 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.65 per share, for a total transaction of $446,893.30.
  • On Monday, August 27th, Dowdupont Inc. bought 59,912 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.48 per share, for a total transaction of $388,229.76.
  • On Thursday, August 23rd, Dowdupont Inc. bought 54,202 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.36 per share, for a total transaction of $344,724.72.

Shares of AGFS traded down $0.11 during mid-day trading on Monday, hitting $6.57. The company’s stock had a trading volume of 128,500 shares, compared to its average volume of 144,572. AgroFresh Solutions Inc has a 52-week low of $4.94 and a 52-week high of $8.75. 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 (NASDAQ:AGFS) last announced its quarterly earnings results on Thursday, August 9th. The basic materials company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.18). AgroFresh Solutions had a negative return on equity of 6.57% and a negative net margin of 1.17%. The business had revenue of $18.84 million during the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in AGFS. Sowell Financial Services LLC purchased a new stake in shares of AgroFresh Solutions in the 1st quarter worth approximately $124,000. Private Advisor Group LLC purchased a new stake in shares of AgroFresh Solutions in the 2nd quarter worth approximately $125,000. Element Capital Management LLC purchased a new stake in shares of AgroFresh Solutions in the 1st quarter worth approximately $132,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of AgroFresh Solutions in the 1st quarter worth approximately $143,000. Finally, Rhumbline Advisers lifted its position in shares of AgroFresh Solutions by 49.0% in the 2nd quarter. Rhumbline Advisers now owns 30,499 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 10,034 shares during the period. 80.16% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on AGFS. BidaskClub upgraded shares of AgroFresh Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Citigroup lowered their price target 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.

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

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