Insider Buying: AgroFresh Solutions Inc (NASDAQ:AGFS) Major Shareholder Buys 62,370 Shares of Stock

AgroFresh Solutions Inc (NASDAQ:AGFS) major shareholder Dowdupont Inc. bought 62,370 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The shares were purchased at an average price of $5.88 per share, for a total transaction of $366,735.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, November 7th, Dowdupont Inc. purchased 63,167 shares of AgroFresh Solutions stock. The stock was acquired at an average cost of $5.74 per share, with a total value of $362,578.58.
  • On Monday, November 5th, Dowdupont Inc. purchased 61,563 shares of AgroFresh Solutions stock. The stock was acquired at an average cost of $5.74 per share, with a total value of $353,371.62.
  • On Thursday, November 1st, Dowdupont Inc. purchased 59,057 shares of AgroFresh Solutions stock. The stock was acquired at an average cost of $5.79 per share, with a total value of $341,940.03.
  • On Tuesday, October 30th, Dowdupont Inc. purchased 58,922 shares of AgroFresh Solutions stock. The stock was acquired at an average cost of $5.78 per share, with a total value of $340,569.16.
  • On Friday, October 26th, Dowdupont Inc. purchased 56,933 shares of AgroFresh Solutions stock. The stock was acquired at an average cost of $5.70 per share, with a total value of $324,518.10.
  • On Wednesday, October 24th, Dowdupont Inc. purchased 57,069 shares of AgroFresh Solutions stock. The stock was acquired at an average cost of $5.65 per share, with a total value of $322,439.85.
  • On Saturday, October 20th, Dowdupont Inc. purchased 61,332 shares of AgroFresh Solutions stock. The stock was acquired at an average cost of $5.67 per share, with a total value of $347,752.44.
  • On Thursday, October 18th, Dowdupont Inc. purchased 64,659 shares of AgroFresh Solutions stock. The stock was acquired at an average cost of $5.91 per share, with a total value of $382,134.69.
  • On Friday, October 12th, Dowdupont Inc. purchased 68,606 shares of AgroFresh Solutions stock. The stock was acquired at an average cost of $5.96 per share, with a total value of $408,891.76.
  • On Wednesday, October 10th, Dowdupont Inc. purchased 68,814 shares of AgroFresh Solutions stock. The stock was acquired at an average cost of $6.28 per share, with a total value of $432,151.92.

Shares of AGFS stock traded up $0.17 during trading hours on Friday, hitting $5.42. The stock had a trading volume of 144,910 shares, compared to its average volume of 133,783. AgroFresh Solutions Inc has a twelve month low of $4.96 and a twelve month high of $8.75. 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 (NASDAQ:AGFS) last posted its quarterly earnings data on Wednesday, November 7th. The basic materials company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.16). The firm had revenue of $68.70 million during the quarter. AgroFresh Solutions had a negative net margin of 4.50% and a negative return on equity of 8.02%.

A number of equities analysts recently issued reports on AGFS shares. BidaskClub raised AgroFresh Solutions from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Citigroup lowered their price target on AgroFresh Solutions from $7.50 to $7.00 and set a “neutral” rating for the company in a report on Thursday, August 16th.

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of 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 valued at $5,019,000 after acquiring an additional 177,377 shares during the period. Dow Chemical Co. DE boosted its holdings in shares of 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 valued at $129,206,000 after acquiring an additional 253,366 shares during the period. Hartford Investment Management Co. acquired a new stake in shares of AgroFresh Solutions in the second quarter valued at approximately $297,000. BlackRock Inc. boosted its holdings in shares of AgroFresh Solutions by 30.7% in the second quarter. BlackRock Inc. now owns 1,699,223 shares of the basic materials company’s stock valued at $11,911,000 after acquiring an additional 399,393 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in shares of AgroFresh Solutions in the second quarter valued at approximately $125,000. 80.21% of the stock is owned by institutional investors and hedge funds.

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

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