Rslgh, Llc Purchases 7,300 Shares of Agrify Co. (NASDAQ:AGFY) Stock

Agrify Co. (NASDAQ:AGFY) major shareholder Rslgh, Llc acquired 7,300 shares of the business’s stock in a transaction on Wednesday, May 28th. The stock was acquired at an average price of $25.87 per share, with a total value of $188,851.00. Following the transaction, the insider now directly owns 698,961 shares of the company’s stock, valued at $18,082,121.07. This represents a 1.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Rslgh, Llc also recently made the following trade(s):

• On Tuesday, May 27th, Rslgh, Llc acquired 25,000 shares of Agrify stock. The stock was acquired at an average price of $25.00 per share, with a total value of $625,000.00.

Agrify Trading Down 4.7%

NASDAQ:AGFY opened at $27.82 on Friday. The stock has a fifty day moving average price of $20.84 and a two-hundred day moving average price of $24.84. The stock has a market capitalization of $54.30 million, a price-to-earnings ratio of -1.99 and a beta of 10.16. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.10 and a current ratio of 0.75. Agrify Co. has a 1 year low of $2.71 and a 1 year high of $84.44.

Agrify (NASDAQ:AGFY) last released its quarterly earnings data on Friday, May 9th. The company reported ($1.68) earnings per share (EPS) for the quarter. The business had revenue of $0.54 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Marathon Partners Equity Management LLC purchased a new position in shares of Agrify in the fourth quarter valued at $174,000. AdvisorShares Investments LLC purchased a new position in shares of Agrify in the fourth quarter valued at $321,000. SG Capital Management LLC purchased a new position in shares of Agrify in the fourth quarter valued at $692,000. Renaissance Technologies LLC purchased a new position in shares of Agrify in the fourth quarter valued at $841,000. Finally, Rip Road Capital Partners LP increased its position in shares of Agrify by 15.6% in the first quarter. Rip Road Capital Partners LP now owns 77,911 shares of the company’s stock valued at $1,367,000 after buying an additional 10,528 shares in the last quarter. Hedge funds and other institutional investors own 5.98% of the company’s stock.

About Agrify

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.