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

Rhumbline Advisers boosted its holdings in Forafric Global PLC (NASDAQ:AFRI) by 465.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,001 shares of the company’s stock after acquiring an additional 28,807 shares during the period. Rhumbline Advisers owned 0.13% of Forafric Global worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AFRI. Geode Capital Management LLC raised its position in shares of Forafric Global by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 69,758 shares of the company’s stock worth $791,000 after purchasing an additional 4,361 shares during the last quarter. State Street Corp increased its position in Forafric Global by 2.0% during the third quarter. State Street Corp now owns 50,236 shares of the company’s stock worth $570,000 after buying an additional 1,000 shares in the last quarter. Barclays PLC raised its holdings in shares of Forafric Global by 57.1% in the third quarter. Barclays PLC now owns 15,522 shares of the company’s stock worth $176,000 after acquiring an additional 5,641 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Forafric Global by 210.6% in the third quarter. JPMorgan Chase & Co. now owns 9,095 shares of the company’s stock valued at $103,000 after acquiring an additional 6,167 shares in the last quarter. 5.49% of the stock is currently owned by hedge funds and other institutional investors.

Forafric Global Trading Up 0.2 %

AFRI opened at $8.82 on Monday. The business’s fifty day simple moving average is $9.64 and its 200 day simple moving average is $10.28. Forafric Global PLC has a 52 week low of $8.35 and a 52 week high of $12.00. The company has a quick ratio of 0.31, a current ratio of 0.42 and a debt-to-equity ratio of 0.74.

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.