Insider Buying: AgroFresh Solutions Inc (AGFS) Major Shareholder Buys 83,844 Shares of Stock

AgroFresh Solutions Inc (NASDAQ:AGFS) major shareholder Dowdupont Inc. purchased 83,844 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were purchased at an average price of $6.17 per share, for a total transaction of $517,317.48. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, October 3rd, Dowdupont Inc. purchased 67,914 shares of AgroFresh Solutions stock. The shares were purchased at an average price of $6.16 per share, for a total transaction of $418,350.24.
  • On Monday, October 1st, Dowdupont Inc. bought 73,859 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.21 per share, for a total transaction of $458,664.39.
  • On Thursday, September 27th, Dowdupont Inc. bought 75,854 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.60 per share, for a total transaction of $500,636.40.
  • On Tuesday, September 25th, Dowdupont Inc. bought 77,206 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.68 per share, for a total transaction of $515,736.08.
  • On Friday, September 21st, Dowdupont Inc. bought 73,909 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.75 per share, for a total transaction of $498,885.75.
  • On Wednesday, September 19th, Dowdupont Inc. bought 75,400 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.77 per share, for a total transaction of $510,458.00.
  • On Monday, September 17th, Dowdupont Inc. bought 80,129 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.46 per share, for a total transaction of $517,633.34.
  • On Thursday, September 13th, Dowdupont Inc. bought 83,912 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.18 per share, for a total transaction of $518,576.16.
  • On Friday, September 7th, Dowdupont Inc. bought 79,666 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.28 per share, for a total transaction of $500,302.48.
  • On Wednesday, September 5th, Dowdupont Inc. bought 79,386 shares of AgroFresh Solutions stock. The stock was bought at an average price of $6.35 per share, for a total transaction of $504,101.10.

NASDAQ AGFS traded up $0.09 during trading on Friday, hitting $6.31. The company’s stock had a trading volume of 98,209 shares, compared to its average volume of 143,260. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.93 and a quick ratio of 1.53. AgroFresh Solutions Inc has a fifty-two week low of $4.94 and a fifty-two week 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 for the quarter, missing the consensus estimate of ($0.26) by ($0.18). The business had revenue of $18.84 million during the quarter. AgroFresh Solutions had a negative return on equity of 6.57% and a negative net margin of 1.17%.

Several equities analysts have issued reports on the company. BidaskClub upgraded AgroFresh Solutions from a “strong sell” rating to a “sell” rating in a research note on Friday, August 24th. Citigroup cut their target price on 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 and other institutional investors have recently modified their holdings of AGFS. Franklin Resources Inc. acquired a new stake in AgroFresh Solutions in the first quarter worth about $16,466,000. BlackRock Inc. boosted its holdings in AgroFresh Solutions by 30.7% in the second quarter. BlackRock Inc. now owns 1,699,223 shares of the basic materials company’s stock worth $11,911,000 after acquiring an additional 399,393 shares in the last quarter. Dow Chemical Co. DE boosted its holdings in 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in AgroFresh Solutions in the second quarter worth about $850,000. 80.16% of the stock is owned by institutional investors and hedge funds.

About AgroFresh Solutions

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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