Horrell Capital Management Inc. Acquires 27,684 Shares of Westrock Coffee (NASDAQ:WEST)

Horrell Capital Management Inc. lifted its holdings in shares of Westrock Coffee (NASDAQ:WEST) by 31.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,665 shares of the company’s stock after acquiring an additional 27,684 shares during the quarter. Horrell Capital Management Inc.’s holdings in Westrock Coffee were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WEST. Quest Partners LLC raised its stake in Westrock Coffee by 32,869.0% in the third quarter. Quest Partners LLC now owns 60,663 shares of the company’s stock worth $394,000 after buying an additional 60,479 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Westrock Coffee during the 3rd quarter worth approximately $71,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Westrock Coffee by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 282,643 shares of the company’s stock worth $1,837,000 after acquiring an additional 22,945 shares during the period. Principal Street Partners LLC raised its position in shares of Westrock Coffee by 100.0% in the 3rd quarter. Principal Street Partners LLC now owns 391,680 shares of the company’s stock worth $2,546,000 after acquiring an additional 195,800 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Westrock Coffee in the 3rd quarter valued at approximately $121,000. Hedge funds and other institutional investors own 45.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WEST shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $9.00 price target on shares of Westrock Coffee in a research note on Wednesday, March 12th. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price on shares of Westrock Coffee in a research report on Friday, March 14th.

Westrock Coffee Stock Up 5.7 %

Shares of NASDAQ:WEST opened at $6.89 on Monday. 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 fifty day simple moving average of $6.51 and a two-hundred day simple moving average of $6.76. Westrock Coffee has a 12-month low of $5.28 and a 12-month high of $10.99. The stock has a market capitalization of $649.23 million, a price-to-earnings ratio of -8.01 and a beta of 0.59.

Insider Activity

In other news, COO William A. Ford bought 15,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was acquired at an average cost of $6.45 per share, with a total value of $96,750.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.10% of the company’s stock.

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.