Stephens Inc. AR Boosts Stock Position in Westrock Coffee (NASDAQ:WEST)

Stephens Inc. AR raised its holdings in shares of Westrock Coffee (NASDAQ:WEST) by 54.8% during the fourth quarter, Holdings Channel reports. The fund owned 236,364 shares of the company’s stock after buying an additional 83,647 shares during the period. Stephens Inc. AR’s holdings in Westrock Coffee were worth $1,517,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WEST. NFC Investments LLC increased its position in shares of Westrock Coffee by 17.0% in the third quarter. NFC Investments LLC now owns 4,044,207 shares of the company’s stock valued at $26,286,000 after acquiring an additional 588,160 shares during the period. Principal Street Partners LLC raised its position in Westrock Coffee by 100.0% during the 3rd quarter. Principal Street Partners LLC now owns 391,680 shares of the company’s stock valued at $2,546,000 after purchasing an additional 195,800 shares during the last quarter. Repertoire Partners LP purchased a new stake in Westrock Coffee in the 3rd quarter worth approximately $650,000. Quest Partners LLC grew its position in shares of Westrock Coffee by 32,869.0% in the 3rd quarter. Quest Partners LLC now owns 60,663 shares of the company’s stock worth $394,000 after buying an additional 60,479 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Westrock Coffee by 363.9% during the third quarter. Barclays PLC now owns 57,357 shares of the company’s stock valued at $373,000 after buying an additional 44,993 shares during the period. 45.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Kenneth M. Parent acquired 62,735 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was bought at an average cost of $8.07 per share, for a total transaction of $506,271.45. Following the acquisition, the director now directly owns 112,451 shares in the company, valued at approximately $907,479.57. The trade was a 126.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 42.10% of the stock is currently owned by company insiders.

Westrock Coffee Trading Down 1.2 %

NASDAQ:WEST opened at $6.56 on Thursday. The firm has a market capitalization of $617.89 million, a P/E ratio of -7.63 and a beta of 0.57. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73. Westrock Coffee has a one year low of $5.28 and a one year high of $11.21. The company’s 50-day simple moving average is $6.64 and its 200 day simple moving average is $7.25.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group dropped their price target on Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, November 8th.

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.