AgroFresh Solutions Inc (NASDAQ:AGFS) major shareholder Dowdupont Inc. acquired 83,912 shares of AgroFresh Solutions stock in a transaction on Thursday, September 13th. The shares were purchased at an average cost of $6.18 per share, with a total value of $518,576.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large 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 Tuesday, September 11th, Dowdupont Inc. acquired 83,844 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.17 per share, with a total value of $517,317.48.
  • On Friday, September 7th, Dowdupont Inc. acquired 79,666 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.28 per share, with a total value of $500,302.48.
  • On Wednesday, September 5th, Dowdupont Inc. acquired 79,386 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.35 per share, with a total value of $504,101.10.
  • On Friday, August 31st, Dowdupont Inc. acquired 67,600 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.70 per share, with a total value of $452,920.00.
  • On Wednesday, August 29th, Dowdupont Inc. acquired 67,202 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.65 per share, with a total value of $446,893.30.
  • On Monday, August 27th, Dowdupont Inc. acquired 59,912 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.48 per share, with a total value of $388,229.76.
  • On Thursday, August 23rd, Dowdupont Inc. acquired 54,202 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.36 per share, with a total value of $344,724.72.
  • On Tuesday, August 21st, Dowdupont Inc. acquired 53,865 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.77 per share, with a total value of $310,801.05.
  • On Friday, August 17th, Dowdupont Inc. acquired 38,730 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $5.72 per share, with a total value of $221,535.60.
  • On Wednesday, August 15th, Dowdupont Inc. acquired 38,106 shares of AgroFresh Solutions stock. The shares were purchased at an average cost of $6.04 per share, with a total value of $230,160.24.

Shares of AgroFresh Solutions stock traded up $0.16 during trading hours on Friday, reaching $6.36. The company had a trading volume of 186,000 shares, compared to its average volume of 143,422. AgroFresh Solutions Inc has a one year low of $4.94 and a one year 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 posted its quarterly earnings results on Thursday, August 9th. The basic materials company reported ($0.44) EPS for the quarter, missing the Zacks’ 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 company had revenue of $18.84 million during the quarter.

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of AgroFresh Solutions by 35.1% in the first quarter. Dimensional Fund Advisors LP now owns 682,817 shares of the basic materials company’s stock worth $5,019,000 after acquiring an additional 177,377 shares during the period. Dow Chemical Co. DE boosted its holdings in shares of AgroFresh Solutions by 1.4% in the second quarter. Dow Chemical Co. DE now owns 18,431,604 shares of the basic materials company’s stock worth $129,206,000 after acquiring an additional 253,366 shares during the period. Hartford Investment Management Co. bought a new position in shares of AgroFresh Solutions in the second quarter worth $297,000. Northern Trust Corp boosted its holdings in shares of AgroFresh Solutions by 8.3% in the first quarter. Northern Trust Corp now owns 293,045 shares of the basic materials company’s stock worth $2,154,000 after acquiring an additional 22,470 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of AgroFresh Solutions in the second quarter worth $850,000. 80.16% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on AGFS. BidaskClub raised AgroFresh Solutions from a “strong sell” rating to a “sell” rating in a report on Friday, August 24th. Citigroup reduced their price objective on AgroFresh Solutions from $7.50 to $7.00 and set a “neutral” rating for the company in a 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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