Should You Buy AgroFresh Solutions Inc (AGFS)?

Page 2 of 2

Consequently, key hedge funds have been driving this bullishness. Pentwater Capital Management, managed by Matthew Halbower, established the biggest position in AgroFresh Solutions Inc (NASDAQ:AGFS). Pentwater Capital Management had $11.9 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also made an $10.8 million investment in the stock during the quarter. The other funds with new positions in the stock are David M. Markowitz’s Oskie Capital Management, Michael Barnes and Arif Inayatullah’s Tricadia Capital Management, and Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital.

Let’s now take a look at hedge fund activity in other stocks similar to AgroFresh Solutions Inc (NASDAQ:AGFS). These stocks are Castlight Health Inc (NYSE:CSLT), Idera Pharmaceuticals Inc (NASDAQ:IDRA), Culp, Inc. (NYSE:CFI), and Vicor Corp (NASDAQ:VICR). This group of stocks’ market valuations match AGFS’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CSLT 14 28781 -2
IDRA 14 53318 0
CFI 15 45947 1
VICR 11 15429 -1

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $36 million, which is below the $69 million figure in AGFS’s case. Culp, Inc. (NYSE:CFI) is the most popular stock in this table with 15 funds reporting long positions, while Vicor Corp (NASDAQ:VICR) is the least popular one. Compared to these stocks AgroFresh Solutions Inc (NASDAQ:AGFS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially acquire a long position.

Page 2 of 2