Macauley Whiting, Jr. Purchases 10,000 Shares of AgroFresh Solutions Inc. (AGFS) Stock
AgroFresh Solutions Inc. (NASDAQ:AGFS) Director Macauley Whiting, Jr. purchased 10,000 shares of AgroFresh Solutions stock in a transaction dated Tuesday, November 15th. The stock was bought at an average price of $2.20 per share, with a total value of $22,000.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $44,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
AgroFresh Solutions Inc. (NASDAQ:AGFS) traded up 2.68% during midday trading on Friday, reaching $2.30. The company had a trading volume of 420,834 shares. The company’s market capitalization is $114.82 million. The firm has a 50-day moving average price of $4.46 and a 200-day moving average price of $5.29. AgroFresh Solutions Inc. has a 52 week low of $1.96 and a 52 week high of $6.95.
AgroFresh Solutions (NASDAQ:AGFS) last released its quarterly earnings results on Wednesday, November 9th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $61.20 million for the quarter, compared to analysts’ expectations of $71.47 million. AgroFresh Solutions had a negative return on equity of 1.25% and a negative net margin of 27.23%. Analysts expect that AgroFresh Solutions Inc. will post ($0.85) EPS for the current fiscal year.
AGFS has been the subject of several recent research reports. Zacks Investment Research upgraded AgroFresh Solutions from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a research report on Thursday, October 20th. Citigroup Inc. lowered AgroFresh Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $2.75 in a research note on Thursday, November 10th.
Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in AgroFresh Solutions by 1,459.5% in the second quarter. Barclays PLC now owns 20,274 shares of the company’s stock valued at $108,000 after buying an additional 18,974 shares during the last quarter. Teachers Advisors Inc. purchased a new position in AgroFresh Solutions during the second quarter valued at $183,000. Schwab Charles Investment Management Inc. purchased a new position in AgroFresh Solutions during the second quarter valued at $186,000. Jacobs Levy Equity Management Inc. purchased a new position in AgroFresh Solutions during the first quarter valued at $203,000. Finally, Emerald Acquisition Ltd. purchased a new position in AgroFresh Solutions during the second quarter valued at $233,000. 72.73% of the stock is currently owned by hedge funds and other institutional investors.
AgroFresh Solutions Company Profile
AgroFresh Solutions, Inc, formerly Boulevard Acquisition Corp., is a developer of agricultural technologies that preserve the freshness and value of fresh produce, including apples, pears, kiwifruit, avocados and bananas, as well as flowers. The Company’s principal product, The SmartFresh Quality System (SmartFresh), regulates the post-harvest ripening effects of ethylene, the naturally occurring plant hormone that triggers ripening in certain fruits and vegetables, through technology.
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