Hf Direct Investments Pool, Ll Sells 33,592 Shares of Westrock Coffee (NASDAQ:WEST) Stock

Westrock Coffee (NASDAQ:WESTGet Free Report) major shareholder Hf Direct Investments Pool, Ll sold 33,592 shares of Westrock Coffee stock in a transaction on Monday, July 8th. The shares were sold at an average price of $10.03, for a total value of $336,927.76. Following the transaction, the insider now directly owns 12,974,408 shares of the company’s stock, valued at $130,133,312.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Westrock Coffee Price Performance

Shares of NASDAQ:WEST traded up $0.20 during midday trading on Wednesday, reaching $9.79. The company’s stock had a trading volume of 203,178 shares, compared to its average volume of 176,762. The business’s fifty day simple moving average is $10.31 and its 200-day simple moving average is $10.18. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.24 and a quick ratio of 0.60. Westrock Coffee has a fifty-two week low of $6.88 and a fifty-two week high of $11.89. The company has a market capitalization of $861.81 million, a P/E ratio of -13.99 and a beta of 0.45.

Westrock Coffee (NASDAQ:WESTGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.11). Westrock Coffee had a negative net margin of 6.33% and a negative return on equity of 41.49%. The company had revenue of $192.50 million during the quarter, compared to analyst estimates of $200.60 million. As a group, equities research analysts expect that Westrock Coffee will post -0.16 EPS for the current fiscal year.

Institutional Trading of Westrock Coffee

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NFC Investments LLC bought a new stake in Westrock Coffee during the 4th quarter worth about $35,416,000. Vanguard Group Inc. raised its holdings in shares of Westrock Coffee by 23.2% in the 1st quarter. Vanguard Group Inc. now owns 2,538,327 shares of the company’s stock valued at $26,221,000 after purchasing an additional 478,088 shares during the period. Stephens Inc. AR lifted its stake in Westrock Coffee by 197.7% in the 4th quarter. Stephens Inc. AR now owns 138,532 shares of the company’s stock valued at $1,414,000 after purchasing an additional 92,000 shares during the last quarter. Signaturefd LLC bought a new stake in Westrock Coffee in the fourth quarter valued at approximately $255,000. Finally, AM Investment Strategies LLC acquired a new stake in shares of Westrock Coffee in the fourth quarter valued at approximately $255,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

Analyst Ratings Changes

WEST has been the subject of several analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $14.00 price target on shares of Westrock Coffee in a report on Friday, June 28th. Benchmark reiterated a “buy” rating and issued a $12.00 target price on shares of Westrock Coffee in a research note on Monday, May 13th.

Read Our Latest Research Report on WEST

About Westrock Coffee

(Get Free Report)

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.

Further Reading

Insider Buying and Selling by Quarter for Westrock Coffee (NASDAQ:WEST)

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