Virtu Financial LLC Takes Position in Westrock Coffee (NASDAQ:WEST)

Virtu Financial LLC acquired a new position in shares of Westrock Coffee (NASDAQ:WEST) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,005 shares of the company’s stock, valued at approximately $83,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WEST. NFC Investments LLC boosted its stake in shares of Westrock Coffee by 17.0% during the third quarter. NFC Investments LLC now owns 4,044,207 shares of the company’s stock valued at $26,286,000 after purchasing an additional 588,160 shares in the last quarter. Geode Capital Management LLC boosted its position in Westrock Coffee by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 806,325 shares of the company’s stock worth $5,242,000 after buying an additional 43,731 shares during the period. State Street Corp grew its holdings in Westrock Coffee by 2.0% during the 3rd quarter. State Street Corp now owns 649,553 shares of the company’s stock worth $4,222,000 after acquiring an additional 12,937 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Westrock Coffee by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,653 shares of the company’s stock valued at $1,827,000 after acquiring an additional 2,010 shares during the period. Finally, DAVENPORT & Co LLC raised its stake in shares of Westrock Coffee by 15.7% during the fourth quarter. DAVENPORT & Co LLC now owns 238,675 shares of the company’s stock valued at $1,532,000 after acquiring an additional 32,325 shares during the last quarter. Institutional investors own 45.08% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on WEST. Benchmark reiterated a “buy” rating and issued a $10.00 price target on shares of Westrock Coffee in a research report on Friday, March 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $9.00 target price on shares of Westrock Coffee in a report on Wednesday, March 12th.

Insider Activity at Westrock Coffee

In other Westrock Coffee news, COO William A. Ford purchased 15,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $6.45 per share, for a total transaction of $96,750.00. Following the acquisition, the chief operating officer now owns 476,190 shares of the company’s stock, valued at approximately $3,071,425.50. This represents a 3.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.10% of the stock is owned by corporate insiders.

Westrock Coffee Stock Performance

Shares of WEST opened at $7.22 on Tuesday. The firm’s fifty day simple moving average is $6.62 and its two-hundred day simple moving average is $6.73. Westrock Coffee has a 12 month low of $5.28 and a 12 month high of $10.99. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41. The stock has a market capitalization of $680.33 million, a P/E ratio of -8.40 and a beta of 0.59.

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.