Municipal Employees Retirement System of Michigan Takes $249,000 Position in AgroFresh Solutions Inc (AGFS)

Municipal Employees Retirement System of Michigan acquired a new stake in AgroFresh Solutions Inc (NASDAQ:AGFS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 65,760 shares of the basic materials company’s stock, valued at approximately $249,000. Municipal Employees Retirement System of Michigan owned about 0.13% of AgroFresh Solutions at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AGFS. BlackRock Inc. boosted its holdings in AgroFresh Solutions by 1.1% during the third quarter. BlackRock Inc. now owns 1,718,040 shares of the basic materials company’s stock worth $10,702,000 after buying an additional 18,817 shares in the last quarter. Vanguard Group Inc boosted its holdings in AgroFresh Solutions by 7.9% during the third quarter. Vanguard Group Inc now owns 1,612,413 shares of the basic materials company’s stock worth $10,046,000 after buying an additional 117,567 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in AgroFresh Solutions by 21.5% during the third quarter. Dimensional Fund Advisors LP now owns 899,198 shares of the basic materials company’s stock worth $5,602,000 after buying an additional 159,045 shares in the last quarter. Schneider Downs Wealth Management Advisors LP purchased a new stake in AgroFresh Solutions during the fourth quarter worth $91,000. Finally, Vanguard Group Inc. boosted its holdings in AgroFresh Solutions by 7.9% during the third quarter. Vanguard Group Inc. now owns 1,612,413 shares of the basic materials company’s stock worth $10,046,000 after buying an additional 117,567 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ AGFS opened at $3.25 on Tuesday. AgroFresh Solutions Inc has a 1 year low of $3.08 and a 1 year high of $7.67. The company has a quick ratio of 1.85, a current ratio of 2.23 and a debt-to-equity ratio of 1.07.

AgroFresh Solutions (NASDAQ:AGFS) last announced its quarterly earnings results on Monday, March 11th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.13). AgroFresh Solutions had a negative return on equity of 8.27% and a negative net margin of 18.76%. The firm had revenue of $53.32 million for the quarter.

TRADEMARK VIOLATION WARNING: This piece was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.com-unik.info/2019/04/16/municipal-employees-retirement-system-of-michigan-takes-249000-position-in-agrofresh-solutions-inc-agfs.html.

About AgroFresh Solutions

AgroFresh Solutions, Inc provides data-driven 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, plums, persimmons avocados, and bananas, as well as flowers.

Read More: How Investors Use a Balance Sheet

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).

Institutional Ownership by Quarter for AgroFresh Solutions (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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit