Rhumbline Advisers Lowers Stock Position in Forafric Global PLC (NASDAQ:AFRI)

Rhumbline Advisers cut its stake in shares of Forafric Global PLC (NASDAQ:AFRI) by 83.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,725 shares of the company’s stock after selling 29,276 shares during the quarter. Rhumbline Advisers’ holdings in Forafric Global were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in shares of Forafric Global by 26.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,141 shares of the company’s stock valued at $155,000 after buying an additional 3,204 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Forafric Global by 121.9% in the fourth quarter. JPMorgan Chase & Co. now owns 20,185 shares of the company’s stock valued at $207,000 after acquiring an additional 11,090 shares during the last quarter. Northern Trust Corp increased its stake in Forafric Global by 18.4% in the fourth quarter. Northern Trust Corp now owns 48,133 shares of the company’s stock valued at $493,000 after acquiring an additional 7,479 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Forafric Global during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 5.49% of the company’s stock.

Forafric Global Stock Performance

Shares of AFRI stock opened at $7.84 on Friday. The business has a 50-day moving average price of $7.92 and a two-hundred day moving average price of $8.87. Forafric Global PLC has a 12-month low of $7.53 and a 12-month high of $12.00. The company has a quick ratio of 0.30, a current ratio of 0.37 and a debt-to-equity ratio of 3.92.

Forafric Global Company Profile

Forafric Global PLC engages in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products in Morocco, Burkina, Mali, Angola, and internationally. The company provides wheat flours and semolina; and secondary processing products, such as pasta and couscous under the TRIA and MayMouna brand names.