Paragon Advisors LLC Sells 18,014 Shares of Westrock Coffee (NASDAQ:WEST)

Paragon Advisors LLC cut its stake in shares of Westrock Coffee (NASDAQ:WEST) by 29.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,852 shares of the company’s stock after selling 18,014 shares during the quarter. Paragon Advisors LLC’s holdings in Westrock Coffee were worth $279,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Westrock Coffee by 69.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,520 shares of the company’s stock valued at $35,000 after purchasing an additional 1,444 shares during the period. ProShare Advisors LLC acquired a new position in Westrock Coffee during the 2nd quarter worth approximately $39,000. Wolverine Asset Management LLC boosted its holdings in Westrock Coffee by 79.8% in the second quarter. Wolverine Asset Management LLC now owns 4,100 shares of the company’s stock worth $42,000 after acquiring an additional 1,820 shares in the last quarter. Gilliland Jeter Wealth Management LLC grew its stake in Westrock Coffee by 81.9% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 4,547 shares of the company’s stock valued at $30,000 after acquiring an additional 2,047 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Westrock Coffee by 637.3% during the third quarter. Blue Trust Inc. now owns 11,126 shares of the company’s stock valued at $72,000 after acquiring an additional 9,617 shares in the last quarter. 45.08% of the stock is currently owned by institutional investors and hedge funds.

Westrock Coffee Trading Down 1.9 %

NASDAQ:WEST opened at $6.66 on Friday. Westrock Coffee has a 52 week low of $5.28 and a 52 week high of $11.21. The firm has a 50-day moving average price of $6.78 and a two-hundred day moving average price of $8.76. The firm has a market cap of $588.54 million, a price-to-earnings ratio of -7.74 and a beta of 0.38. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39.

Analyst Ratings Changes

A number of brokerages recently issued reports on WEST. Truist Financial assumed coverage on Westrock Coffee in a report on Monday, October 7th. They issued a “buy” rating and a $10.00 target price on the stock. Craig Hallum assumed coverage on shares of Westrock Coffee in a research report on Monday, September 23rd. They issued a “buy” rating and a $13.00 price target on the stock. Finally, Telsey Advisory Group lowered their price objective on Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Westrock Coffee presently has a consensus rating of “Buy” and an average target price of $11.40.

Insider Activity at Westrock Coffee

In other Westrock Coffee news, Director Joe T. Ford acquired 5,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average price of $6.97 per share, with a total value of $34,850.00. Following the completion of the transaction, the director now owns 249,445 shares in the company, valued at approximately $1,738,631.65. This trade represents a 2.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders acquired 11,092 shares of company stock valued at $81,546. 42.10% of the stock is owned by insiders.

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.