Signaturefd LLC Buys New Stake in Westrock Coffee (NASDAQ:WEST)

Signaturefd LLC purchased a new position in shares of Westrock Coffee (NASDAQ:WEST) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,000 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Silverleafe Capital Partners LLC bought a new position in Westrock Coffee in the 3rd quarter valued at about $36,640,000. Raymond James & Associates boosted its holdings in shares of Westrock Coffee by 70.0% in the third quarter. Raymond James & Associates now owns 272,544 shares of the company’s stock valued at $2,415,000 after acquiring an additional 112,254 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Westrock Coffee during the third quarter valued at approximately $98,000. DAVENPORT & Co LLC raised its holdings in Westrock Coffee by 3.1% during the fourth quarter. DAVENPORT & Co LLC now owns 163,640 shares of the company’s stock worth $1,671,000 after purchasing an additional 4,965 shares in the last quarter. Finally, Pathstone Family Office LLC acquired a new stake in Westrock Coffee in the third quarter worth approximately $106,000. Institutional investors own 45.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WEST. Benchmark boosted their price objective on Westrock Coffee from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Telsey Advisory Group upped their price target on shares of Westrock Coffee from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, February 16th.

Westrock Coffee Stock Performance

Shares of NASDAQ:WEST opened at $10.03 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The stock has a fifty day moving average of $9.98 and a 200-day moving average of $9.65. Westrock Coffee has a one year low of $6.88 and a one year high of $12.41.

Westrock Coffee (NASDAQ:WEST) last announced its earnings results on Tuesday, March 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $214.97 million for the quarter, compared to analysts’ expectations of $222.20 million. Westrock Coffee had a negative net margin of 4.05% and a negative return on equity of 41.02%. Research analysts forecast that Westrock Coffee will post -0.05 EPS for the current 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.