Rip Road Capital Partners LP Has $1.37 Million Stake in Agrify Corporation $AGFY

Key Points

• Rip Road Capital Partners LP increased its stake in Agrify Corporation by 15.6%, owning 77,911 shares valued at approximately $1.37 million after acquiring an additional 10,528 shares.
• Agrify reported a net loss of $3.66 EPS and had a revenue of $2.04 million for the last quarter, reflecting a negative net margin of 424.11%.
• Company insiders have sold a total of 10,000 shares valued at about $221,604 over the last quarter, reflecting their significant decrease in holdings in the company.

Rip Road Capital Partners LP raised its position in shares of Agrify Corporation (NASDAQ:AGFY - Free Report) by 15.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,911 shares of the company's stock after purchasing an additional 10,528 shares during the quarter. Agrify comprises 1.5% of Rip Road Capital Partners LP's portfolio, making the stock its 19th largest holding. Rip Road Capital Partners LP owned about 3.99% of Agrify worth $1,367,000 at the end of the most recent reporting period.

Separately, SG Capital Management LLC acquired a new position in shares of Agrify in the 4th quarter worth $692,000. 5.98% of the stock is owned by institutional investors and hedge funds.

Agrify Trading Up 1.2%

Shares of AGFY traded up $0.48 during midday trading on Thursday, hitting $39.86. The stock had a trading volume of 24,683 shares, compared to its average volume of 31,467. The business has a 50-day simple moving average of $29.55 and a two-hundred day simple moving average of $23.92. The firm has a market cap of $79.84 million, a P/E ratio of -2.85 and a beta of 9.96. The company has a current ratio of 2.64, a quick ratio of 2.52 and a debt-to-equity ratio of 1.43. Agrify Corporation has a fifty-two week low of $2.71 and a fifty-two week high of $84.44.

Agrify (NASDAQ:AGFY - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported ($3.66) earnings per share for the quarter. The business had revenue of $2.04 million for the quarter. Agrify had a negative net margin of 424.11% and a negative return on equity of 185.90%.

Insider Buying and Selling

In other news, Director Timothy Mahoney sold 4,999 shares of the stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $20.29, for a total transaction of $101,429.71. Following the transaction, the director owned 5,000 shares in the company, valued at $101,450. This represents a 49.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.16% of the company's stock.

Agrify Company Profile

Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.