Stock Traders Purchase Large Volume of Village Farms International Call Options (NASDAQ:VFF)

Village Farms International, Inc. (NASDAQ:VFF) was the target of some unusual options trading on Wednesday. Stock investors purchased 6,628 call options on the stock. This is an increase of approximately 109% compared to the average daily volume of 3,175 call options.

Insider Transactions at Village Farms International

In other Village Farms International news, Director Carolyn Hauger sold 22,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $3.75, for a total value of $82,500.00. Following the completion of the transaction, the director directly owned 29,020 shares of the company’s stock, valued at approximately $108,825. The trade was a 43.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Orville Bovenschen sold 61,586 shares of Village Farms International stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $3.30, for a total transaction of $203,233.80. Following the transaction, the insider directly owned 50,000 shares of the company’s stock, valued at approximately $165,000. This trade represents a 55.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 148,786 shares of company stock worth $541,318 in the last 90 days. Company insiders own 12.60% of the company’s stock.

Hedge Funds Weigh In On Village Farms International

A number of hedge funds have recently made changes to their positions in VFF. Traynor Capital Management Inc. purchased a new position in shares of Village Farms International in the third quarter valued at approximately $31,000. Vermillion & White Wealth Management Group LLC lifted its holdings in Village Farms International by 38.0% in the 3rd quarter. Vermillion & White Wealth Management Group LLC now owns 21,778 shares of the company’s stock valued at $68,000 after purchasing an additional 6,000 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Village Farms International during the 3rd quarter worth $83,000. Sprott Inc. acquired a new stake in Village Farms International during the 3rd quarter worth $94,000. Finally, Brian Low Financial Group LLC purchased a new stake in shares of Village Farms International during the third quarter worth $144,000. Institutional investors and hedge funds own 12.15% of the company’s stock.

Village Farms International Stock Performance

VFF opened at $4.18 on Thursday. The firm’s fifty day simple moving average is $3.49 and its two-hundred day simple moving average is $2.52. Village Farms International has a 52-week low of $0.45 and a 52-week high of $4.75. The company has a market cap of $482.87 million, a price-to-earnings ratio of 23.22 and a beta of 1.21. The company has a quick ratio of 2.17, a current ratio of 2.78 and a debt-to-equity ratio of 0.11.

Village Farms International (NASDAQ:VFF) last released its quarterly earnings results on Monday, November 10th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. The firm had revenue of $66.74 million during the quarter, compared to the consensus estimate of $58.63 million. Village Farms International had a net margin of 7.47% and a return on equity of 1.98%. Equities analysts anticipate that Village Farms International will post -0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on VFF shares. Zacks Research upgraded shares of Village Farms International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Village Farms International in a research note on Thursday, October 30th. Finally, Wall Street Zen upgraded Village Farms International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

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.