Westrock Coffee (NASDAQ:WEST) Major Shareholder Sells $68,745.62 in Stock

Westrock Coffee (NASDAQ:WEST) major shareholder Hf Direct Investments Pool, Ll sold 6,854 shares of Westrock Coffee stock in a transaction on 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Hf Direct Investments Pool, Ll also recently made the following trade(s):

• On Monday, July 22nd, Hf Direct Investments Pool, Ll sold 18,572 shares of Westrock Coffee stock. The shares were sold at an average price of $10.05, for a total value of $186,648.60.
• On Wednesday, July 17th, Hf Direct Investments Pool, Ll sold 35,933 shares of Westrock Coffee stock. The shares were sold at an average price of $10.10, for a total value of $362,923.30.
• On Monday, July 15th, Hf Direct Investments Pool, Ll sold 11,901 shares of Westrock Coffee stock. The shares were sold at an average price of $10.03, for a total value of $119,367.03.
• On Thursday, July 11th, Hf Direct Investments Pool, Ll sold 737 shares of Westrock Coffee stock. The shares were sold at an average price of $10.00, for a total value of $7,370.00.
• On Monday, July 8th, Hf Direct Investments Pool, Ll sold 33,592 shares of Westrock Coffee stock. The shares were sold at an average price of $10.03, for a total value of $336,927.76.

Westrock Coffee Price Performance

WEST traded up $0.05 on Friday, hitting $10.09. 127,478 shares of the company were exchanged, compared to its average volume of 174,061. Westrock Coffee has a 12 month low of $6.88 and a 12 month high of $11.28. The company has a debt-to-equity ratio of 2.99, a quick ratio of 0.60 and a current ratio of 1.24. The stock’s fifty day moving average is $10.17 and its 200-day moving average is $10.17.

Westrock Coffee (NASDAQ:WEST) last released its earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.11). Westrock Coffee had a negative return on equity of 41.49% and a negative net margin of 6.33%. The company had revenue of $192.50 million for the quarter, compared to the consensus estimate of $200.60 million. As a group, research analysts forecast that Westrock Coffee will post -0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WEST. Benchmark reaffirmed a “buy” rating and set a $12.00 price objective on shares of Westrock Coffee in a research report on Monday, May 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Westrock Coffee in a research report on Friday, June 28th.

Institutional Trading of Westrock Coffee

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stephens Inc. AR raised its holdings in Westrock Coffee by 197.7% during the fourth quarter. Stephens Inc. AR now owns 138,532 shares of the company’s stock worth $1,414,000 after acquiring an additional 92,000 shares in the last quarter. NFC Investments LLC bought a new stake in Westrock Coffee in the fourth quarter valued at approximately $35,416,000. Legacy Capital Wealth Partners LLC bought a new stake in Westrock Coffee in the fourth quarter valued at approximately $179,000. DAVENPORT & Co LLC raised 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 buying an additional 4,965 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Westrock Coffee by 807.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,397 shares of the company’s stock valued at $96,000 after buying an additional 8,361 shares during the period. Institutional investors own 45.08% of the company’s stock.

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.