Key Client Fiduciary Advisors LLC Acquires 718,382 Shares of Village Farms International, Inc. $VFF

Key Points

• Key Client Fiduciary Advisors LLC more than doubled its Village Farms International stake in the second quarter, adding 718,382 shares to hold 1.33 million shares valued at approximately $2.66 million.
• Other institutional investors also initiated or increased positions, but institutional ownership remains relatively limited at 12.15% of the company’s stock.
• Village Farms reported quarterly earnings of $0.02 per share, matching estimates, while revenue of $50.24 million exceeded expectations. Analysts maintain an overall “Hold” rating on the stock, which recently traded near $2.08.

Key Client Fiduciary Advisors LLC boosted its holdings in shares of Village Farms International, Inc. (NASDAQ:VFF - Free Report) by 116.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,334,631 shares of the company's stock after buying an additional 718,382 shares during the period. Village Farms International makes up about 0.8% of Key Client Fiduciary Advisors LLC's portfolio, making the stock its 27th largest position. Key Client Fiduciary Advisors LLC owned approximately 1.17% of Village Farms International worth $2,663,000 at the end of the most recent quarter.

• Village Farms International NASDAQ: VFF Stock is a Unique Cannabis ESG Play

A number of other large investors have also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Village Farms International during the fourth quarter valued at about $27,000. Barclays PLC acquired a new stake in shares of Village Farms International in the 4th quarter worth about $29,000. Cetera Investment Advisers raised its holdings in shares of Village Farms International by 45.7% in the 4th quarter. Cetera Investment Advisers now owns 34,282 shares of the company's stock worth $125,000 after acquiring an additional 10,755 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in Village Farms International in the 4th quarter valued at about $40,000. Finally, Mariner LLC bought a new position in Village Farms International in the 4th quarter valued at about $44,000. 12.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VFF. Weiss Ratings raised Village Farms International from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, May 19th. Zacks Research upgraded Village Farms International from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Village Farms International presently has an average rating of "Hold".

Village Farms International Price Performance

VFF opened at $2.08 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.06 and a quick ratio of 2.03. The company's 50-day moving average is $2.02 and its 200 day moving average is $2.64. Village Farms International, Inc. has a fifty-two week low of $1.61 and a fifty-two week high of $4.99. The firm has a market capitalization of $237.76 million, a P/E ratio of 5.94 and a beta of 1.31.

Village Farms International (NASDAQ:VFF - Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $50.24 million for the quarter, compared to analysts' expectations of $47.81 million. Village Farms International had a net margin of 18.57% and a return on equity of 8.84%. Research analysts expect that Village Farms International, Inc. will post 0.15 earnings per share for the current fiscal year.

Village Farms International Company Profile

Village Farms International, Inc is a North American agricultural company specializing in greenhouse cultivation of fresh produce and cannabis. Through its wholly owned operations, the company grows a variety of high-quality vegetables, including tomatoes, cucumbers and sweet peppers, using controlled-environment agriculture techniques designed to maximize yield and sustainability. Village Farms leverages advanced climate and hydroponic systems to deliver consistent year-round supply to major grocery retailers across the United States and Canada.

In its produce segment, Village Farms operates large-scale greenhouse facilities in Texas and Canada.

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