Insider Buying: AgroFresh Solutions Inc (AGFS) Major Shareholder Acquires 59,057 Shares of Stock

AgroFresh Solutions Inc (NASDAQ:AGFS) major shareholder Dowdupont Inc. purchased 59,057 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was acquired at an average price of $5.79 per share, for a total transaction of $341,940.03. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, October 30th, Dowdupont Inc. purchased 58,922 shares of AgroFresh Solutions stock. The stock was acquired at an average price of $5.78 per share, for a total transaction of $340,569.16.
  • On Friday, October 26th, Dowdupont Inc. purchased 56,933 shares of AgroFresh Solutions stock. The stock was acquired at an average price 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 stock was acquired 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 stock was acquired at an average price 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 stock was acquired at an average price 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 stock was acquired at an average price 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 stock was acquired at an average price 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 stock was acquired at an average price 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 stock was acquired at an average price 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 stock was acquired at an average price of $6.34 per share, for a total transaction of $657,267.80.

Shares of 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 52 week low of $4.94 and a 52 week high of $8.75.

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

Several equities research analysts have commented on AGFS shares. BidaskClub cut shares of AgroFresh Solutions from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 26th. Citigroup dropped their price target on shares of AgroFresh Solutions from $7.50 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, August 16th.

A number of hedge funds and other institutional investors have recently bought and sold shares of AGFS. BlackRock Inc. raised its holdings in AgroFresh Solutions by 30.7% during the 2nd quarter. BlackRock Inc. now owns 1,699,223 shares of the basic materials company’s stock worth $11,911,000 after buying an additional 399,393 shares during the period. Dow Chemical Co. DE raised its holdings in AgroFresh Solutions by 1.4% during the 2nd quarter. Dow Chemical Co. DE now owns 18,431,604 shares of the basic materials company’s stock worth $129,206,000 after buying an additional 253,366 shares during the period. Dimensional Fund Advisors LP raised its holdings in AgroFresh Solutions by 35.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 682,817 shares of the basic materials company’s stock worth $5,019,000 after buying an additional 177,377 shares during the period. Acadian Asset Management LLC acquired a new stake in AgroFresh Solutions during the 2nd quarter worth about $850,000. Finally, Hartford Investment Management Co. acquired a new stake in AgroFresh Solutions during the 2nd quarter worth about $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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