Mirae Asset Global Investments Co. Ltd. Sells 43,474 Shares of Village Farms International, Inc. (NASDAQ:VFF)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of Village Farms International, Inc. (NASDAQ:VFF) by 4.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 960,973 shares of the company’s stock after selling 43,474 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Village Farms International were worth $731,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of VFF. Perkins Capital Management Inc. raised its holdings in Village Farms International by 1,708.5% during the 4th quarter. Perkins Capital Management Inc. now owns 1,058,000 shares of the company’s stock worth $805,000 after buying an additional 999,500 shares during the period. Penserra Capital Management LLC raised its holdings in Village Farms International by 19.5% during the 3rd quarter. Penserra Capital Management LLC now owns 744,788 shares of the company’s stock worth $593,000 after buying an additional 121,750 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Village Farms International by 693.5% in the third quarter. Commonwealth Equity Services LLC now owns 100,690 shares of the company’s stock valued at $80,000 after purchasing an additional 88,000 shares during the last quarter. Formidable Asset Management LLC raised its holdings in shares of Village Farms International by 96.4% in the third quarter. Formidable Asset Management LLC now owns 151,615 shares of the company’s stock valued at $121,000 after purchasing an additional 74,408 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC raised its holdings in shares of Village Farms International by 7.7% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 545,705 shares of the company’s stock valued at $415,000 after purchasing an additional 39,045 shares during the last quarter. 12.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum lifted their price objective on shares of Village Farms International from $1.00 to $1.20 and gave the company a “buy” rating in a report on Thursday, March 14th.

Village Farms International Price Performance

NASDAQ VFF opened at $1.32 on Thursday. The company has a quick ratio of 1.02, a current ratio of 2.10 and a debt-to-equity ratio of 0.13. Village Farms International, Inc. has a 12-month low of $0.55 and a 12-month high of $1.57. The company has a market capitalization of $145.53 million, a PE ratio of -4.71 and a beta of 2.44. The firm’s 50 day moving average is $1.03 and its 200-day moving average is $0.87.

Village Farms International (NASDAQ:VFF) last issued its earnings results on Wednesday, March 13th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). The firm had revenue of $74.23 million for the quarter, compared to analyst estimates of $70.03 million. Village Farms International had a negative return on equity of 5.58% and a negative net margin of 11.13%. Equities research analysts anticipate that Village Farms International, Inc. will post -0.06 earnings per share for the current fiscal year.

Village Farms International Company Profile

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.