Marshall Wace LLP Buys Shares of 43,280 Westrock Coffee (NASDAQ:WEST)

Marshall Wace LLP purchased a new position in shares of Westrock Coffee (NASDAQ:WEST) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 43,280 shares of the company’s stock, valued at approximately $443,000.

A number of other hedge funds have also made changes to their positions in WEST. Brown Brothers Harriman & Co. bought a new stake in Westrock Coffee during the second quarter worth approximately $19,199,000. Vanguard Group Inc. increased its position in Westrock Coffee by 23.2% in the 1st quarter. Vanguard Group Inc. now owns 2,538,327 shares of the company’s stock worth $26,221,000 after buying an additional 478,088 shares during the period. Legacy Capital Wealth Partners LLC acquired a new position in shares of Westrock Coffee during the second quarter worth approximately $297,000. Bank of New York Mellon Corp boosted its position in shares of Westrock Coffee by 32.1% in the second quarter. Bank of New York Mellon Corp now owns 97,210 shares of the company’s stock valued at $994,000 after acquiring an additional 23,610 shares during the period. Finally, Simplicity Wealth LLC acquired a new stake in shares of Westrock Coffee in the second quarter worth $230,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

Insider Transactions at Westrock Coffee

In other Westrock Coffee news, Director Joe T. Ford purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of $6.97 per share, with a total value of $34,850.00. Following the acquisition, the director now directly owns 249,445 shares of the company’s stock, valued at approximately $1,738,631.65. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other news, Director Joe T. Ford bought 5,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of $6.97 per share, with a total value of $34,850.00. Following the purchase, the director now owns 249,445 shares of the company’s stock, valued at approximately $1,738,631.65. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Hf Direct Investments Pool, Ll sold 6,854 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $10.03, for a total value of $68,745.62. Following the sale, the insider now directly owns 12,802,415 shares of the company’s stock, valued at $128,408,222.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have bought 11,092 shares of company stock valued at $81,546 and have sold 143,522 shares valued at $1,446,121. 42.10% of the stock is owned by insiders.

Westrock Coffee Trading Down 4.8 %

WEST stock opened at $5.52 on Friday. Westrock Coffee has a 1-year low of $5.28 and a 1-year high of $11.21. The company has a current ratio of 1.31, a quick ratio of 0.67 and a debt-to-equity ratio of 4.05. The business’s 50 day moving average is $7.85 and its 200-day moving average is $9.38. The firm has a market cap of $487.80 million, a P/E ratio of -7.90 and a beta of 0.39.

Westrock Coffee (NASDAQ:WEST) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.16). The company had revenue of $208.39 million during the quarter, compared to the consensus estimate of $214.40 million. Westrock Coffee had a negative net margin of 5.37% and a negative return on equity of 18.20%. The business’s revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.21) earnings per share. Equities analysts anticipate that Westrock Coffee will post -0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WEST has been the subject of several research analyst reports. Truist Financial initiated coverage on shares of Westrock Coffee in a research note on Monday. They set a “buy” rating and a $10.00 target price for the company. Craig Hallum began coverage on Westrock Coffee in a research report on Monday, September 23rd. They set a “buy” rating and a $13.00 price objective on the stock. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Westrock Coffee in a research report on Friday, June 28th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $12.20.

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.