Element Capital Management LLC bought a new position in AgroFresh Solutions Inc (NASDAQ:AGFS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,007 shares of the basic materials company’s stock, valued at approximately $132,000.
Several other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. bought a new position in shares of AgroFresh Solutions in the first quarter worth about $16,466,000. BlackRock Inc. lifted its holdings in shares of AgroFresh Solutions by 4.3% in the fourth quarter. BlackRock Inc. now owns 1,350,042 shares of the basic materials company’s stock worth $9,991,000 after acquiring an additional 55,923 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 worth $5,019,000 after acquiring an additional 177,377 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of AgroFresh Solutions by 8.3% in the first quarter. Northern Trust Corp now owns 293,045 shares of the basic materials company’s stock worth $2,154,000 after acquiring an additional 22,470 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its holdings in shares of AgroFresh Solutions by 38.8% in the first quarter. Federated Investors Inc. PA now owns 201,363 shares of the basic materials company’s stock worth $1,480,000 after acquiring an additional 56,251 shares during the last quarter. 76.38% of the stock is owned by hedge funds and other institutional investors.
In other news, major shareholder Dowdupont Inc. acquired 47,081 shares of the stock in a transaction dated Tuesday, May 1st. The stock was bought at an average price of $6.98 per share, with a total value of $328,625.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Lobisser sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $7.50, for a total value of $150,000.00. Following the completion of the transaction, the director now directly owns 12,198 shares of the company’s stock, valued at approximately $91,485. The disclosure for this sale can be found here. Insiders bought 207,754 shares of company stock valued at $1,447,442 in the last ninety days. 15.20% of the stock is currently owned by insiders.
AgroFresh Solutions opened at $7.00 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.50 and a quick ratio of 2.19. AgroFresh Solutions Inc has a 12 month low of $4.94 and a 12 month high of $9.05.
AgroFresh Solutions (NASDAQ:AGFS) last posted its earnings results on Thursday, May 10th. The basic materials company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.21). The company had revenue of $38.35 million during the quarter. AgroFresh Solutions had a negative return on equity of 0.37% and a net margin of 13.28%.
Separately, BidaskClub cut shares of AgroFresh Solutions from a “hold” rating to a “sell” rating in a report on Wednesday.
AgroFresh Solutions 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.
Want to see what other hedge funds are holding AGFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AgroFresh Solutions Inc (NASDAQ:AGFS).
Receive News & Ratings for AgroFresh Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AgroFresh Solutions and related companies with MarketBeat.com's FREE daily email newsletter.