Hexagon Capital Partners LLC Buys Shares of 4,000 Westrock Coffee (NASDAQ:WEST)

Hexagon Capital Partners LLC acquired a new position in shares of Westrock Coffee (NASDAQ:WEST) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Horrell Capital Management Inc. boosted its position in Westrock Coffee by 2.5% during the fourth quarter. Horrell Capital Management Inc. now owns 84,424 shares of the company’s stock worth $862,000 after acquiring an additional 2,094 shares during the last quarter. Gladius Capital Management LP purchased a new stake in shares of Westrock Coffee in the third quarter valued at $29,000. DAVENPORT & Co LLC increased its stake in Westrock Coffee by 3.1% in the fourth quarter. DAVENPORT & Co LLC now owns 163,640 shares of the company’s stock valued at $1,671,000 after purchasing an additional 4,965 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Westrock Coffee by 807.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,397 shares of the company’s stock worth $96,000 after buying an additional 8,361 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in Westrock Coffee in the 4th quarter valued at about $114,000. 45.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WEST shares. Telsey Advisory Group reissued an “outperform” rating and issued a $14.00 target price on shares of Westrock Coffee in a research report on Friday. Benchmark reissued 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 Price Performance

Shares of NASDAQ WEST opened at $10.00 on Tuesday. The stock has a fifty day moving average price of $10.32 and a 200 day moving average price of $10.18. The company has a current ratio of 1.24, a quick ratio of 0.60 and a debt-to-equity ratio of 2.99. Westrock Coffee has a 12-month low of $6.88 and a 12-month high of $11.89.

Westrock Coffee (NASDAQ:WEST) last announced its earnings results on Thursday, May 9th. The company reported ($0.13) 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%. On average, analysts expect that Westrock Coffee will post -0.07 EPS for the current fiscal year.

About Westrock Coffee

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.