643,499 Shares in Hf Foods Group Inc. $HFFG Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 643,499 shares of HF Foods Group in the second quarter, valued at approximately $907,000 and representing about 1.20% of the company.
• Institutional ownership stands at 24.02%, with other investors including Tower Research Capital and Invesco increasing their positions. Analysts maintain a consensus “Hold” rating and a $5.50 price target.
• HF Foods Group reported quarterly EPS of $0.12, beating the $0.06 consensus estimate, while revenue of $323.78 million also exceeded expectations. The stock opened at $1.77 and remains near the lower end of its 52-week range.

BlackRock Inc. purchased a new stake in shares of Hf Foods Group Inc. (NASDAQ:HFFG - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 643,499 shares of the company's stock, valued at approximately $907,000. BlackRock Inc. owned about 1.20% of Hf Foods Group at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HFFG. Abel Hall LLC bought a new position in shares of Hf Foods Group during the fourth quarter valued at approximately $26,000. Tower Research Capital LLC TRC boosted its holdings in Hf Foods Group by 192.7% in the second quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company's stock valued at $40,000 after acquiring an additional 8,197 shares in the last quarter. Virtu Financial LLC bought a new stake in Hf Foods Group in the third quarter valued at $39,000. Invesco Ltd. increased its position in Hf Foods Group by 37.1% during the 2nd quarter. Invesco Ltd. now owns 16,070 shares of the company's stock valued at $51,000 after purchasing an additional 4,351 shares during the period. Finally, HRT Financial LP purchased a new position in Hf Foods Group during the 4th quarter valued at $40,000. 24.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Alliance Global Partners reaffirmed a "buy" rating on shares of Hf Foods Group in a research report on Thursday, July 23rd. Weiss Ratings lowered Hf Foods Group from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Hf Foods Group currently has a consensus rating of "Hold" and a consensus target price of $5.50.

Hf Foods Group Stock Performance

Shares of NASDAQ HFFG opened at $1.77 on Monday. Hf Foods Group Inc. has a 1 year low of $1.38 and a 1 year high of $3.59. The stock has a market cap of $95.40 million, a P/E ratio of -2.72, a price-to-earnings-growth ratio of 0.50 and a beta of 0.59. The firm has a 50-day moving average of $1.69 and a 200 day moving average of $1.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.11 and a quick ratio of 0.49.

Hf Foods Group (NASDAQ:HFFG - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.06. Hf Foods Group had a negative net margin of 2.77% and a positive return on equity of 7.24%. The business had revenue of $323.78 million for the quarter, compared to analysts' expectations of $320.54 million. As a group, sell-side analysts expect that Hf Foods Group Inc. will post 0.32 EPS for the current fiscal year.

About Hf Foods Group

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company's product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.

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