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

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

Westrock Coffee Stock Up 2.1 %

NASDAQ WEST opened at $9.79 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.24 and a debt-to-equity ratio of 2.99. The company has a fifty day moving average of $10.31 and a two-hundred day moving average of $10.18. The firm has a market capitalization of $861.81 million, a price-to-earnings ratio of -13.99 and a beta of 0.45. Westrock Coffee has a 52 week low of $6.88 and a 52 week high of $11.89.

Westrock Coffee (NASDAQ:WEST) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.11). The firm had revenue of $192.50 million for the quarter, compared to analysts’ expectations of $200.60 million. Westrock Coffee had a negative return on equity of 41.49% and a negative net margin of 6.33%. On average, analysts predict that Westrock Coffee will post -0.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WEST shares. Benchmark reiterated a “buy” rating and issued a $12.00 target price on shares of Westrock Coffee in a research report on Monday, May 13th. Telsey Advisory Group restated an “outperform” rating and issued a $14.00 price target on shares of Westrock Coffee in a research report on Friday, June 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WEST. Horrell Capital Management Inc. boosted its stake in shares of Westrock Coffee by 2.5% during the fourth quarter. Horrell Capital Management Inc. now owns 84,424 shares of the company’s stock valued at $862,000 after purchasing an additional 2,094 shares during the period. Gladius Capital Management LP purchased a new stake in shares of Westrock Coffee during the third quarter valued at $29,000. Hexagon Capital Partners LLC purchased a new stake in shares of Westrock Coffee during the first quarter valued at $41,000. DAVENPORT & Co LLC boosted its stake in shares of Westrock Coffee by 3.1% during the fourth quarter. DAVENPORT & Co LLC now owns 163,640 shares of the company’s stock valued at $1,671,000 after purchasing an additional 4,965 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Westrock Coffee by 807.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,397 shares of the company’s stock valued at $96,000 after purchasing an additional 8,361 shares during the period. 45.08% of the stock is owned by hedge funds and other institutional investors.

About Westrock Coffee

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.