Nuveen LLC Takes Position in Hf Foods Group Inc. $HFFG

Key Points

• Nuveen LLC invested approximately $1.60 million in Hf Foods Group Inc. by purchasing 325,669 shares during the first quarter.
• Several other hedge funds have also expanded their positions in Hf Foods Group, contributing to institutional investors holding 24.02% of the company's stock.
• Wall Street analysts have given Hf Foods a consensus rating of "Buy" with a target price of $7.00, despite the company's recent stock dip of 3.2%.

Nuveen LLC purchased a new stake in Hf Foods Group Inc. (NASDAQ:HFFG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 325,669 shares of the company's stock, valued at approximately $1,596,000. Nuveen LLC owned about 0.62% of Hf Foods Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in HFFG. Charles Schwab Investment Management Inc. grew its stake in shares of Hf Foods Group by 7.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 99,352 shares of the company's stock valued at $487,000 after buying an additional 6,751 shares in the last quarter. Choreo LLC purchased a new stake in shares of Hf Foods Group in the 1st quarter valued at about $56,000. Bailard Inc. acquired a new position in Hf Foods Group in the 1st quarter valued at about $112,000. Segall Bryant & Hamill LLC acquired a new position in Hf Foods Group in the 1st quarter valued at about $681,000. Finally, Bank of New York Mellon Corp increased its position in Hf Foods Group by 10.5% during the 1st quarter. Bank of New York Mellon Corp now owns 90,015 shares of the company's stock worth $441,000 after purchasing an additional 8,547 shares during the period. Institutional investors and hedge funds own 24.02% of the company's stock.

Hf Foods Group Stock Performance

Shares of NASDAQ HFFG traded down $0.01 during mid-day trading on Thursday, hitting $3.18. The company had a trading volume of 35,122 shares, compared to its average volume of 95,347. The firm's 50 day simple moving average is $3.20 and its two-hundred day simple moving average is $3.38. The stock has a market cap of $174.93 million, a price-to-earnings ratio of -3.49, a PEG ratio of 1.27 and a beta of 0.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.19 and a quick ratio of 0.44. Hf Foods Group Inc. has a 12 month low of $1.70 and a 12 month high of $4.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HFFG shares. Wall Street Zen cut Hf Foods Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Roth Capital began coverage on Hf Foods Group in a research note on Friday, May 9th. They set a "buy" rating and a $7.00 price target on the stock. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $7.00.

Hf Foods Group Profile

HF Foods Group Inc, through its subsidiaries, markets and distributes Asian specialty food, seafood, fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States. The company offers seafood, including lobsters, shrimp, crabs, scallops, and fish; Asian specialty food items, including noodles, rice, dried mushrooms and beans, sauces and seasonings, and spring rolls, as well as canned products, such as preserved vegetables, bamboo shoots, and water chestnuts; and meat and poultry products, including beef, pork, chicken, and duck.