Rip Road Capital Partners LP bought a new position in Agrify Co. (NASDAQ:AGFY – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 67,383 shares of the company’s stock, valued at approximately $1,953,000. Agrify makes up about 1.7% of Rip Road Capital Partners LP’s holdings, making the stock its 18th largest holding.
A number of other hedge funds have also modified their holdings of the stock. Renaissance Technologies LLC acquired a new stake in Agrify in the 4th quarter valued at $841,000. AdvisorShares Investments LLC acquired a new position in Agrify during the fourth quarter worth $321,000. Finally, Marathon Partners Equity Management LLC bought a new position in shares of Agrify during the fourth quarter valued at $174,000. 5.98% of the stock is owned by institutional investors and hedge funds.
Agrify Stock Up 6.6%
Shares of NASDAQ:AGFY opened at $28.92 on Thursday. The company’s fifty day moving average is $18.84 and its 200-day moving average is $23.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.10 and a current ratio of 0.75. Agrify Co. has a 52 week low of $2.71 and a 52 week high of $84.44. The company has a market capitalization of $56.45 million, a PE ratio of -2.06 and a beta of 10.16.
Agrify Company Profile
Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.
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