Schneider Downs Wealth Management Advisors LP acquired a new position in AgroFresh Solutions Inc (NASDAQ:AGFS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,000 shares of the basic materials company’s stock, valued at approximately $91,000.
Several other institutional investors have also bought and sold shares of AGFS. Bank of New York Mellon Corp grew its position in AgroFresh Solutions by 10.6% in the second quarter. Bank of New York Mellon Corp now owns 120,152 shares of the basic materials company’s stock worth $842,000 after acquiring an additional 11,536 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in AgroFresh Solutions by 22.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 59,500 shares of the basic materials company’s stock worth $418,000 after acquiring an additional 11,100 shares in the last quarter. BlackRock Inc. grew its position 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. Dimensional Fund Advisors LP grew its position in AgroFresh Solutions by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 740,153 shares of the basic materials company’s stock worth $5,188,000 after acquiring an additional 57,336 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in AgroFresh Solutions by 55.5% in the second quarter. Renaissance Technologies LLC now owns 39,650 shares of the basic materials company’s stock worth $278,000 after acquiring an additional 14,150 shares in the last quarter. 81.74% of the stock is owned by hedge funds and other institutional investors.
AGFS has been the subject of several recent research reports. Citigroup decreased their target price on shares of AgroFresh Solutions from $7.00 to $5.50 and set a “neutral” rating for the company in a research report on Monday, November 19th. BidaskClub downgraded shares of AgroFresh Solutions from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Finally, R. F. Lafferty began coverage on shares of AgroFresh Solutions in a research note on Wednesday, December 12th. They issued a “buy” rating and a $6.40 price objective for the company.
In related news, major shareholder Dowdupont Inc. bought 95,615 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The stock was purchased at an average cost of $5.26 per share, for a total transaction of $502,934.90. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert J. Campbell bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The shares were bought at an average price of $3.91 per share, with a total value of $39,100.00. Following the completion of the purchase, the director now owns 45,311 shares in the company, valued at $177,166.01. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 309,136 shares of company stock valued at $1,514,805. Corporate insiders own 1.80% of the company’s stock.
Shares of AgroFresh Solutions stock traded down $0.05 on Friday, reaching $3.88. The stock had a trading volume of 44,446 shares, compared to its average volume of 98,806. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.55 and a current ratio of 1.75. AgroFresh Solutions Inc has a fifty-two week low of $3.41 and a fifty-two week high of $8.75.
AgroFresh Solutions (NASDAQ:AGFS) last issued its quarterly earnings data on Wednesday, November 7th. The basic materials company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.16). The firm had revenue of $68.70 million during the quarter. AgroFresh Solutions had a negative return on equity of 8.17% and a negative net margin of 4.50%.
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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