35,000 Shares in Coffee Holding Co., Inc. (NASDAQ:JVA) Purchased by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC acquired a new position in shares of Coffee Holding Co., Inc. (NASDAQ:JVA) in the 4th quarter, HoldingsChannel reports. The firm acquired 35,000 shares of the company’s stock, valued at approximately $120,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JVA. Empowered Funds LLC acquired a new stake in Coffee during the fourth quarter worth about $69,000. XTX Topco Ltd acquired a new stake in shares of Coffee during the third quarter valued at about $34,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Coffee during the third quarter valued at about $32,000.

Coffee Price Performance

Shares of JVA opened at $5.64 on Tuesday. Coffee Holding Co., Inc. has a 1-year low of $1.15 and a 1-year high of $5.89. The stock has a market cap of $32.20 million, a PE ratio of 14.46 and a beta of 1.42. The firm has a 50-day simple moving average of $4.11 and a two-hundred day simple moving average of $3.34.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Coffee from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd.

Coffee Profile

Coffee Holding Co, Inc engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States, Australia, Canada, England, and China. It offers wholesale green coffee products, including unroasted raw beans that are sold to large, medium, and small roasters, as well as coffee shop operators; and roasts, blends, packages, and sells coffee under private labels in cans, brick packages, and instants of various sizes.