Wedge Capital Management L L P NC lifted its holdings in shares of AgroFresh Solutions Inc (NASDAQ:AGFS) by 20.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,298 shares of the basic materials company’s stock after purchasing an additional 20,983 shares during the period. Wedge Capital Management L L P NC owned 0.24% of AgroFresh Solutions worth $768,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in AGFS. BlackRock Inc. boosted its position in shares of AgroFresh Solutions by 30.7% during the 2nd quarter. BlackRock Inc. now owns 1,699,223 shares of the basic materials company’s stock valued at $11,911,000 after purchasing an additional 399,393 shares in the last quarter. Dow Chemical Co. DE raised its stake in AgroFresh Solutions by 1.4% during 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 buying an additional 253,366 shares during the period. Dimensional Fund Advisors LP raised its stake in AgroFresh Solutions by 35.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 682,817 shares of the basic materials company’s stock worth $5,019,000 after buying an additional 177,377 shares during the period. Acadian Asset Management LLC acquired a new position in AgroFresh Solutions during the 2nd quarter worth approximately $850,000. Finally, Hartford Investment Management Co. acquired a new position in AgroFresh Solutions during the 2nd quarter worth approximately $297,000. Institutional investors own 80.21% of the company’s stock.
AGFS has been the topic of a number of research reports. BidaskClub downgraded AgroFresh Solutions from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Citigroup dropped their price target on AgroFresh Solutions from $7.50 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, August 16th.
AGFS stock opened at $5.42 on Friday. AgroFresh Solutions Inc has a fifty-two week low of $4.96 and a fifty-two week 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 results on Wednesday, November 7th. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.16). AgroFresh Solutions had a negative return on equity of 8.02% and a negative net margin of 4.50%. The firm had revenue of $68.70 million for the quarter.
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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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