Insider Selling: Westrock Coffee (NASDAQ:WEST) Major Shareholder Sells $68,745.62 in Stock

Westrock Coffee (NASDAQ:WEST) major shareholder Hf Direct Investments Pool, Ll sold 6,854 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $10.03, for a total value of $68,745.62. Following the transaction, the insider now directly owns 12,802,415 shares of the company’s stock, valued at approximately $128,408,222.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Hf Direct Investments Pool, Ll also recently made the following trade(s):

• On Monday, July 22nd, Hf Direct Investments Pool, Ll sold 18,572 shares of Westrock Coffee stock. The shares were sold at an average price of $10.05, for a total value of $186,648.60.
• On Wednesday, July 17th, Hf Direct Investments Pool, Ll sold 35,933 shares of Westrock Coffee stock. The shares were sold at an average price of $10.10, for a total transaction of $362,923.30.
• On Monday, July 15th, Hf Direct Investments Pool, Ll sold 11,901 shares of Westrock Coffee stock. The stock was sold at an average price of $10.03, for a total transaction of $119,367.03.
• On Thursday, July 11th, Hf Direct Investments Pool, Ll sold 737 shares of Westrock Coffee stock. The shares were sold at an average price of $10.00, for a total transaction of $7,370.00.
• On Monday, July 8th, Hf Direct Investments Pool, Ll sold 33,592 shares of Westrock Coffee stock. The stock was sold at an average price of $10.03, for a total transaction of $336,927.76.

Westrock Coffee Price Performance

Westrock Coffee stock opened at $10.10 on Monday. Westrock Coffee has a 1 year low of $6.88 and a 1 year high of $11.28. The company has a debt-to-equity ratio of 2.99, a quick ratio of 0.60 and a current ratio of 1.24. The firm has a 50 day moving average price of $10.16 and a 200 day moving average price of $10.18. The company has a market cap of $889.10 million, a price-to-earnings ratio of -14.43 and a beta of 0.45.

Westrock Coffee (NASDAQ:WEST) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.11). The company had revenue of $192.50 million for the quarter, compared to analysts’ expectations of $200.60 million. Westrock Coffee had a negative net margin of 6.33% and a negative return on equity of 41.49%. Sell-side analysts predict that Westrock Coffee will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Westrock Coffee

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC acquired a new position in shares of Westrock Coffee in the 1st quarter valued at about $41,000. Tower Research Capital LLC TRC raised its holdings in Westrock Coffee by 807.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,397 shares of the company’s stock valued at $96,000 after buying an additional 8,361 shares during the period. Cerity Partners LLC acquired a new position in Westrock Coffee during the fourth quarter valued at approximately $114,000. Virtu Financial LLC purchased a new stake in Westrock Coffee during the first quarter worth approximately $117,000. Finally, Catalina Capital Group LLC purchased a new stake in Westrock Coffee during the second quarter worth approximately $117,000. 45.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and set a $14.00 price target on shares of Westrock Coffee in a research note on Friday, June 28th. Benchmark reiterated a “buy” rating and set a $12.00 target price on shares of Westrock Coffee in a research report on Monday, May 13th.

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.