Westrock Coffee (NASDAQ:WEST) COO Buys $96,750.00 in Stock

Westrock Coffee (NASDAQ:WEST) COO William A. Ford purchased 15,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were acquired at an average price of $6.45 per share, for a total transaction of $96,750.00. Following the completion of the acquisition, the chief operating officer now directly owns 476,190 shares in the company, valued at approximately $3,071,425.50. This represents a 3.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Westrock Coffee Price Performance

Shares of NASDAQ:WEST opened at $6.52 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 3.41. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $10.99. The stock’s 50 day moving average is $6.49 and its 200-day moving average is $6.78. The firm has a market capitalization of $614.11 million, a price-to-earnings ratio of -7.58 and a beta of 0.59.

Hedge Funds Weigh In On Westrock Coffee

A number of institutional investors have recently modified their holdings of WEST. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Westrock Coffee by 44.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,851 shares of the company’s stock valued at $397,000 after buying an additional 18,972 shares during the last quarter. Sovereign s Capital Management LLC bought a new position in Westrock Coffee during the 4th quarter valued at $465,000. Millennium Management LLC lifted its stake in Westrock Coffee by 198.9% during the 4th quarter. Millennium Management LLC now owns 589,450 shares of the company’s stock valued at $3,784,000 after acquiring an additional 392,214 shares in the last quarter. Deutsche Bank AG lifted its stake in Westrock Coffee by 88.3% during the 4th quarter. Deutsche Bank AG now owns 42,294 shares of the company’s stock valued at $272,000 after acquiring an additional 19,829 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new position in Westrock Coffee during the 4th quarter valued at $353,000. 45.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Telsey Advisory Group restated an “outperform” rating and set a $9.00 price target on shares of Westrock Coffee in a report on Wednesday, March 12th. Benchmark restated a “buy” rating and set a $10.00 price target on shares of Westrock Coffee in a report on Friday, March 14th.

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.