Renaissance Technologies LLC raised its position in AgroFresh Solutions Inc (NASDAQ:AGFS) by 55.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,650 shares of the basic materials company’s stock after buying an additional 14,150 shares during the period. Renaissance Technologies LLC owned approximately 0.08% of AgroFresh Solutions worth $278,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Citadel Advisors LLC raised its holdings in AgroFresh Solutions by 21.7% in the 2nd quarter. Citadel Advisors LLC now owns 84,983 shares of the basic materials company’s stock worth $596,000 after acquiring an additional 15,147 shares during the period. Dimensional Fund Advisors LP raised its holdings in AgroFresh Solutions by 8.4% in the 2nd 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 during the period. Dow Chemical Co. DE raised its holdings in AgroFresh Solutions by 1.4% in 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 acquiring an additional 253,366 shares during the period. BlackRock Inc. raised its holdings in AgroFresh Solutions by 30.7% in the 2nd 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 during the period. Finally, Private Advisor Group LLC bought a new position in AgroFresh Solutions in the 2nd quarter worth $125,000. 80.21% of the stock is owned by institutional investors.
AGFS has been the topic of several recent analyst reports. BidaskClub upgraded shares of AgroFresh Solutions from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Citigroup dropped their target price on shares of AgroFresh Solutions from $7.50 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, August 16th.
In other news, major shareholder Dowdupont Inc. bought 57,069 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The shares were purchased at an average price of $5.65 per share, for a total transaction of $322,439.85. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased a total of 2,092,529 shares of company stock worth $12,979,507 in the last quarter. Insiders own 15.20% of the company’s stock.
Shares of AGFS opened at $5.41 on Friday. AgroFresh Solutions Inc has a one year low of $4.96 and a one year high of $8.75. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.53 and a current ratio of 1.93.
AgroFresh Solutions (NASDAQ:AGFS) last announced its earnings results on Wednesday, November 7th. The basic materials company reported $0.06 EPS for the quarter, missing the 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 8.02% and a negative net margin of 4.50%.
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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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