AgroFresh Solutions, Inc. (NASDAQ:AGFS) major shareholder Dowdupont Inc. acquired 54,063 shares of the stock in a transaction dated Friday, November 24th. The stock was bought at an average cost of $5.55 per share, with a total value of $300,049.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 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 Wednesday, November 22nd, Dowdupont Inc. purchased 27,078 shares of AgroFresh Solutions stock. The shares were acquired at an average cost of $5.39 per share, with a total value of $145,950.42.
AgroFresh Solutions, Inc. (AGFS) traded down $0.10 during trading on Monday, hitting $5.62. The stock had a trading volume of 136,667 shares, compared to its average volume of 155,577. AgroFresh Solutions, Inc. has a 52-week low of $2.49 and a 52-week high of $9.05. The company has a quick ratio of 2.28, a current ratio of 2.51 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $287.93, a price-to-earnings ratio of 572.00 and a beta of 0.88.
Institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC boosted its holdings 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 worth $110,000 after acquiring an additional 4,509 shares during the period. Nationwide Fund Advisors boosted its holdings in shares of AgroFresh Solutions by 26.7% in the second quarter. Nationwide Fund Advisors now owns 17,016 shares of the basic materials company’s stock worth $122,000 after acquiring an additional 3,582 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of AgroFresh Solutions in the third quarter worth $133,000. Private Advisor Group LLC bought a new position in shares of AgroFresh Solutions in the second quarter worth $168,000. Finally, Rhumbline Advisers boosted its holdings in shares of AgroFresh Solutions by 20.3% in the second quarter. Rhumbline Advisers now owns 23,333 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 3,931 shares during the period. 72.18% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently commented on the company. Citigroup Inc. reaffirmed a “neutral” rating and set a $8.00 price target (down from $9.00) on shares of AgroFresh Solutions in a research report on Monday, August 14th. BidaskClub lowered AgroFresh Solutions from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st.
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AgroFresh Solutions Company Profile
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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