Bank of New York Mellon Corp Acquires Shares of 10,174 Forafric Global PLC (NASDAQ:AFRI)

Bank of New York Mellon Corp purchased a new stake in Forafric Global PLC (NASDAQ:AFRI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,174 shares of the company’s stock, valued at approximately $87,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new stake in Forafric Global in the fourth quarter valued at about $28,000. Northern Trust Corp lifted its holdings in shares of Forafric Global by 18.4% in the fourth quarter. Northern Trust Corp now owns 48,133 shares of the company’s stock worth $493,000 after acquiring an additional 7,479 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Forafric Global by 121.9% in the 4th quarter. JPMorgan Chase & Co. now owns 20,185 shares of the company’s stock valued at $207,000 after purchasing an additional 11,090 shares in the last quarter. 5.49% of the stock is owned by institutional investors and hedge funds.

Forafric Global Price Performance

AFRI stock opened at $7.74 on Thursday. The company has a 50 day simple moving average of $7.77 and a 200 day simple moving average of $8.41. Forafric Global PLC has a 1 year low of $7.53 and a 1 year high of $11.82. The company has a current ratio of 0.37, a quick ratio of 0.30 and a debt-to-equity ratio of 3.92.

About Forafric Global

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.