Insider Buying: AgroFresh Solutions Inc (AGFS) Major Shareholder Purchases 77,206 Shares of Stock

AgroFresh Solutions Inc (NASDAQ:AGFS) major shareholder Dowdupont Inc. acquired 77,206 shares of the company’s stock in a transaction that occurred on Tuesday, September 25th. The shares were bought at an average price of $6.68 per share, for a total transaction of $515,736.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Friday, September 21st, Dowdupont Inc. acquired 73,909 shares of AgroFresh Solutions stock. The shares were bought at an average price of $6.75 per share, for a total transaction of $498,885.75.
  • On Wednesday, September 19th, Dowdupont Inc. acquired 75,400 shares of AgroFresh Solutions stock. The shares were bought at an average price of $6.77 per share, for a total transaction of $510,458.00.
  • On Monday, September 17th, Dowdupont Inc. acquired 80,129 shares of AgroFresh Solutions stock. The shares were bought at an average price of $6.46 per share, for a total transaction of $517,633.34.
  • On Thursday, September 13th, Dowdupont Inc. acquired 83,912 shares of AgroFresh Solutions stock. The shares were bought at an average price of $6.18 per share, for a total transaction of $518,576.16.
  • On Tuesday, September 11th, Dowdupont Inc. acquired 83,844 shares of AgroFresh Solutions stock. The shares were bought at an average price of $6.17 per share, for a total transaction of $517,317.48.
  • On Friday, September 7th, Dowdupont Inc. acquired 79,666 shares of AgroFresh Solutions stock. The shares were bought at an average price of $6.28 per share, for a total transaction of $500,302.48.
  • On Wednesday, September 5th, Dowdupont Inc. acquired 79,386 shares of AgroFresh Solutions stock. The shares were bought at an average price of $6.35 per share, for a total transaction of $504,101.10.
  • On Friday, August 31st, Dowdupont Inc. acquired 67,600 shares of AgroFresh Solutions stock. The shares were bought at an average price of $6.70 per share, for a total transaction of $452,920.00.
  • On Wednesday, August 29th, Dowdupont Inc. acquired 67,202 shares of AgroFresh Solutions stock. The shares were bought at an average price of $6.65 per share, for a total transaction of $446,893.30.
  • On Monday, August 27th, Dowdupont Inc. purchased 59,912 shares of AgroFresh Solutions stock. The stock was acquired at an average price of $6.48 per share, for a total transaction of $388,229.76.

AGFS stock traded down $0.15 during midday trading on Wednesday, hitting $6.50. The company’s stock had a trading volume of 115,200 shares, compared to its average volume of 144,352. The company has a current ratio of 1.93, a quick ratio of 1.53 and a debt-to-equity ratio of 1.07. AgroFresh Solutions Inc has a twelve month low of $4.94 and a twelve month 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.18). AgroFresh Solutions had a negative net margin of 1.17% and a negative return on equity of 6.57%. The business had revenue of $18.84 million during the quarter.

AGFS has been the topic of several recent research reports. BidaskClub lowered shares of AgroFresh Solutions from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Citigroup lowered 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 note on Thursday, August 16th.

A number of hedge funds have recently modified their holdings of the business. Franklin Resources Inc. acquired a new position in shares of AgroFresh Solutions during the 1st quarter worth about $16,466,000. BlackRock Inc. increased its stake in shares of 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 purchasing an additional 399,393 shares during the last quarter. Dow Chemical Co. DE increased its stake in shares of 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 purchasing an additional 253,366 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 177,377 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of AgroFresh Solutions during the 2nd quarter worth about $850,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.

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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Insider Buying and Selling by Quarter for AgroFresh Solutions (NASDAQ:AGFS)

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