AgroFresh Solutions, Inc. (AGFS) Major Shareholder Dowdupont Inc. Acquires 30,907 Shares of Stock
AgroFresh Solutions, Inc. (NASDAQ:AGFS) major shareholder Dowdupont Inc. bought 30,907 shares of the stock in a transaction dated Monday, December 4th. The stock was bought at an average price of $6.03 per share, with a total value of $186,369.21. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% 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 Thursday, November 30th, Dowdupont Inc. bought 55,792 shares of AgroFresh Solutions stock. The stock was bought at an average price of $5.96 per share, with a total value of $332,520.32.
- On Tuesday, November 28th, Dowdupont Inc. bought 55,590 shares of AgroFresh Solutions stock. The stock was bought at an average price of $5.78 per share, with a total value of $321,310.20.
- On Wednesday, November 22nd, Dowdupont Inc. bought 27,078 shares of AgroFresh Solutions stock. The stock was bought at an average price of $5.39 per share, with a total value of $145,950.42.
- On Friday, November 24th, Dowdupont Inc. bought 54,063 shares of AgroFresh Solutions stock. The stock was bought at an average price of $5.55 per share, with a total value of $300,049.65.
AgroFresh Solutions, Inc. (AGFS) traded up $0.57 during mid-day trading on Wednesday, hitting $6.46. The stock had a trading volume of 136,800 shares, compared to its average volume of 155,124. The company has a current ratio of 2.51, a quick ratio of 2.28 and a debt-to-equity ratio of 1.05. AgroFresh Solutions, Inc. has a fifty-two week low of $2.49 and a fifty-two week high of $9.05. The firm has a market capitalization of $296.49, a price-to-earnings ratio of 589.00 and a beta of 0.89.
Separately, Citigroup reiterated a “neutral” rating and issued a $8.00 target price (down previously from $9.00) on shares of AgroFresh Solutions in a research note on Monday, August 14th.
Hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC grew its stake in shares of AgroFresh Solutions by 41.4% in the second quarter. Citadel Advisors LLC now owns 15,389 shares of the basic materials company’s stock valued at $110,000 after buying an additional 4,509 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in AgroFresh Solutions by 26.7% in the second quarter. Nationwide Fund Advisors now owns 17,016 shares of the basic materials company’s stock valued at $122,000 after purchasing an additional 3,582 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in AgroFresh Solutions in the third quarter valued at about $133,000. Private Advisor Group LLC purchased a new position in AgroFresh Solutions in the second quarter valued at about $168,000. Finally, Rhumbline Advisers boosted its holdings in AgroFresh Solutions by 20.3% in the second quarter. Rhumbline Advisers now owns 23,333 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 3,931 shares during the last quarter. Institutional investors and hedge funds own 72.61% of the company’s stock.
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About AgroFresh Solutions
AgroFresh Solutions, Inc, formerly Boulevard Acquisition Corp., is a developer of agricultural technologies that preserve the freshness and value of fresh produce, including apples, pears, kiwifruit, avocados and bananas, as well as flowers. The Company’s principal product, The SmartFresh Quality System (SmartFresh), regulates the post-harvest ripening effects of ethylene, the naturally occurring plant hormone that triggers ripening in certain fruits and vegetables, through technology.
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