Rip Road Capital Partners LP acquired a new stake in Agrify Co. (NASDAQ:AGFY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 67,383 shares of the company's stock, valued at approximately $1,953,000. Agrify comprises about 1.7% of Rip Road Capital Partners LP's portfolio, making the stock its 18th largest position. Rip Road Capital Partners LP owned approximately 4.40% of Agrify at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in shares of Agrify in the fourth quarter valued at about $841,000. AdvisorShares Investments LLC purchased a new position in shares of Agrify in the fourth quarter valued at $321,000. Finally, Marathon Partners Equity Management LLC purchased a new position in shares of Agrify during the 4th quarter worth approximately $174,000. Institutional investors and hedge funds own 5.98% of the company's stock.
Agrify Trading Down 3.8%
Shares of AGFY stock traded down $1.02 during trading hours on Tuesday, hitting $25.66. 5,746 shares of the company were exchanged, compared to its average volume of 30,296. Agrify Co. has a 1 year low of $2.71 and a 1 year high of $84.44. The firm has a market cap of $50.10 million, a PE ratio of -1.84 and a beta of 10.16. The company has a quick ratio of 0.10, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The firm has a fifty day moving average of $19.58 and a 200 day moving average of $23.81.
Agrify (NASDAQ:AGFY - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported ($1.68) earnings per share (EPS) for the quarter. The company had revenue of $0.54 million during the quarter.
About Agrify
(
Free Report)
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.
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