Krilogy Financial LLC Buys New Position in Westrock Coffee Company $WEST

Key Points

• Krilogy Financial LLC acquired 200,014 shares of Westrock Coffee Company, valued at approximately $1,146,000, representing a 0.21% ownership stake as of their latest SEC filing.
• Insider transactions included Director Joe T. Ford purchasing 5,000 shares at an average cost of $5.30 per share, increasing his total ownership in the company to 413,916 shares.
• Analysts have generally rated Westrock Coffee positively, with a consensus target price of $10.60, reflecting optimistic expectations for future performance despite current negative earnings per share.

Krilogy Financial LLC acquired a new position in shares of Westrock Coffee Company (NASDAQ:WEST - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 200,014 shares of the company's stock, valued at approximately $1,146,000. Krilogy Financial LLC owned about 0.21% of Westrock Coffee at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC lifted its position in Westrock Coffee by 198.9% in the fourth quarter. Millennium Management LLC now owns 589,450 shares of the company's stock valued at $3,784,000 after purchasing an additional 392,214 shares during the period. Vanguard Group Inc. increased its holdings in Westrock Coffee by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company's stock worth $21,304,000 after purchasing an additional 137,646 shares during the last quarter. Nuveen LLC bought a new position in shares of Westrock Coffee in the 1st quarter worth about $680,000. Fuller & Thaler Asset Management Inc. bought a new stake in Westrock Coffee in the first quarter worth about $336,000. Finally, Bank of America Corp DE lifted its stake in Westrock Coffee by 76.9% in the fourth quarter. Bank of America Corp DE now owns 76,401 shares of the company's stock valued at $490,000 after acquiring an additional 33,212 shares during the last quarter. 45.08% of the stock is owned by institutional investors and hedge funds.

Westrock Coffee Price Performance

Shares of WEST stock traded up $0.02 during trading hours on Friday, hitting $5.08. The company had a trading volume of 807,599 shares, compared to its average volume of 629,430. The company has a debt-to-equity ratio of 23.42, a quick ratio of 0.50 and a current ratio of 1.04. The firm has a market capitalization of $481.13 million, a price-to-earnings ratio of -5.40 and a beta of 0.51. The firm's fifty day moving average is $6.13 and its 200 day moving average is $6.36. Westrock Coffee Company has a 12 month low of $4.99 and a 12 month high of $8.29.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.02. Westrock Coffee had a negative return on equity of 64.79% and a negative net margin of 9.28%.The company had revenue of $280.86 million during the quarter, compared to analysts' expectations of $238.34 million. On average, sell-side analysts predict that Westrock Coffee Company will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on WEST. Telsey Advisory Group reaffirmed an "outperform" rating and set a $10.00 price target on shares of Westrock Coffee in a research report on Tuesday, August 5th. Wall Street Zen raised shares of Westrock Coffee from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $10.60.

Insider Transactions at Westrock Coffee

In other news, Director Joe T. Ford purchased 5,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were purchased at an average price of $5.30 per share, for a total transaction of $26,500.00. Following the transaction, the director owned 413,916 shares of the company's stock, valued at approximately $2,193,754.80. This trade represents a 1.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 27.70% of the stock is currently owned by insiders.

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.