Vident Advisory LLC Lowers Stock Position in Westrock Coffee Company $WEST

Vident Advisory LLC lowered its position in shares of Westrock Coffee Company (NASDAQ:WEST) by 18.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,052 shares of the company’s stock after selling 7,406 shares during the quarter. Vident Advisory LLC’s holdings in Westrock Coffee were worth $239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State of Wyoming purchased a new position in Westrock Coffee during the first quarter valued at $62,000. Trexquant Investment LP purchased a new position in Westrock Coffee during the first quarter valued at $83,000. Fuller & Thaler Asset Management Inc. purchased a new position in Westrock Coffee during the first quarter valued at $336,000. Nuveen LLC purchased a new position in Westrock Coffee during the first quarter valued at $680,000. Finally, Swiss National Bank increased its holdings in shares of Westrock Coffee by 4.4% during the first quarter. Swiss National Bank now owns 73,000 shares of the company’s stock valued at $527,000 after acquiring an additional 3,100 shares in the last quarter. Hedge funds and other institutional investors own 45.08% of the company’s stock.

Insider Buying and Selling

In other Westrock Coffee news, Director Joe T. Ford acquired 5,000 shares of Westrock Coffee stock in a transaction that occurred on Tuesday, September 2nd. The stock was bought at an average cost of $5.30 per share, for a total transaction of $26,500.00. Following the acquisition, the director owned 413,916 shares of the company’s stock, valued at $2,193,754.80. This represents a 1.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 27.70% of the company’s stock.

Wall Street Analysts Forecast Growth

WEST has been the subject of several analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $10.00 price target on shares of Westrock Coffee in a report on Tuesday, August 5th. Wall Street Zen upgraded Westrock Coffee from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Westrock Coffee presently has a consensus rating of “Buy” and a consensus price target of $10.60.

Westrock Coffee Price Performance

NASDAQ WEST opened at $5.38 on Wednesday. Westrock Coffee Company has a one year low of $5.05 and a one year high of $8.29. The stock has a 50-day moving average of $6.30 and a 200 day moving average of $6.41. The company has a market capitalization of $509.54 million, a price-to-earnings ratio of -5.72 and a beta of 0.51. The company has a debt-to-equity ratio of 23.42, a quick ratio of 0.50 and a current ratio of 1.04.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.02. Westrock Coffee had a negative return on equity of 64.79% and a negative net margin of 9.28%.The company had revenue of $280.86 million during the quarter, compared to the consensus estimate of $238.34 million. On average, sell-side analysts forecast that Westrock Coffee Company will post -0.3 EPS for the current year.

Westrock Coffee 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.