Diversified Trust Co Grows Stock Position in Westrock Coffee (NASDAQ:WEST)

Diversified Trust Co boosted its position in Westrock Coffee (NASDAQ:WEST) by 6.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 119,406 shares of the company’s stock after purchasing an additional 6,756 shares during the period. Diversified Trust Co’s holdings in Westrock Coffee were worth $776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of WEST. EverSource Wealth Advisors LLC increased its position in Westrock Coffee by 69.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,520 shares of the company’s stock worth $35,000 after buying an additional 1,444 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Westrock Coffee in the second quarter worth $39,000. Hexagon Capital Partners LLC purchased a new stake in Westrock Coffee in the first quarter worth $41,000. Wolverine Asset Management LLC increased its position in Westrock Coffee by 79.8% in the second quarter. Wolverine Asset Management LLC now owns 4,100 shares of the company’s stock worth $42,000 after buying an additional 1,820 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Westrock Coffee in the first quarter worth $117,000. 45.08% of the stock is owned by hedge funds and other institutional investors.

Westrock Coffee Stock Up 1.8 %

Westrock Coffee stock opened at $5.80 on Thursday. Westrock Coffee has a 52 week low of $5.28 and a 52 week high of $11.21. The business has a 50-day simple moving average of $7.93 and a 200 day simple moving average of $9.41. The company has a debt-to-equity ratio of 4.05, a quick ratio of 0.67 and a current ratio of 1.31.

Westrock Coffee (NASDAQ:WEST) last posted its earnings results on Thursday, August 8th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.16). Westrock Coffee had a negative return on equity of 18.20% and a negative net margin of 5.37%. The business had revenue of $208.39 million for the quarter, compared to analysts’ expectations of $214.40 million. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. Westrock Coffee’s quarterly revenue was down 7.3% compared to the same quarter last year. As a group, sell-side analysts predict that Westrock Coffee will post -0.2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Hf Direct Investments Pool, Ll sold 38,393 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $10.11, for a total transaction of $388,153.23. Following the completion of the transaction, the insider now directly owns 12,745,237 shares in the company, valued at $128,854,346.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Westrock Coffee news, major shareholder Hf Direct Investments Pool, Ll sold 38,393 shares of Westrock Coffee stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $10.11, for a total transaction of $388,153.23. Following the completion of the sale, the insider now owns 12,745,237 shares of the company’s stock, valued at $128,854,346.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joe T. Ford purchased 5,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of $6.97 per share, with a total value of $34,850.00. Following the purchase, the director now owns 249,445 shares of the company’s stock, valued at approximately $1,738,631.65. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 11,092 shares of company stock worth $81,546 and sold 143,522 shares worth $1,446,121. 42.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WEST. Craig Hallum initiated coverage on Westrock Coffee in a research report on Monday, September 23rd. They issued a “buy” rating and a $13.00 target price for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $14.00 price target on shares of Westrock Coffee in a research report on Friday, June 28th. Finally, Truist Financial initiated coverage on Westrock Coffee in a research report on Monday. They issued a “buy” rating and a $10.00 price target for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $12.20.

Westrock Coffee Company Profile

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.