Perkins Capital Management Inc. Boosts Holdings in Village Farms International, Inc. (NASDAQ:VFF)

Key Points

• Perkins Capital Management Inc. has increased its stake in Village Farms International by 21.1%, owning 1,318,500 shares worth approximately $798,000 after acquiring 230,000 shares in the 1st quarter.
• Village Farms International’s stock is currently trading at $1.52, with a 12-month trading range between $0.45 and $1.53 and a market capitalization of $170.76 million.
• Recent quarterly earnings showed the company reported (-$0.06) earnings per share, missing estimates, and it had revenue of $77.07 million compared to a projected $78.44 million.

Perkins Capital Management Inc. lifted its position in Village Farms International, Inc. (NASDAQ:VFF - Free Report) by 21.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,318,500 shares of the company's stock after buying an additional 230,000 shares during the quarter. Perkins Capital Management Inc. owned approximately 1.17% of Village Farms International worth $798,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in Village Farms International by 7.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,190,633 shares of the company's stock valued at $918,000 after purchasing an additional 80,567 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Village Farms International in the fourth quarter worth approximately $146,000. Two Sigma Advisers LP grew its holdings in shares of Village Farms International by 625.6% in the fourth quarter. Two Sigma Advisers LP now owns 193,000 shares of the company's stock worth $149,000 after purchasing an additional 166,400 shares during the last quarter. Lighthouse Financial LLC bought a new position in shares of Village Farms International in the fourth quarter worth approximately $36,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of Village Farms International in the fourth quarter worth approximately $146,000. 12.15% of the stock is currently owned by institutional investors.

Village Farms International Stock Up 4.0%

Village Farms International stock traded up $0.06 on Thursday, hitting $1.43. 524,591 shares of the stock traded hands, compared to its average volume of 692,887. The company has a current ratio of 1.92, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. The firm has a market cap of $160.08 million, a P/E ratio of -3.99 and a beta of 2.18. The business's fifty day simple moving average is $1.23 and its 200 day simple moving average is $0.89. Village Farms International, Inc. has a 1 year low of $0.45 and a 1 year high of $1.53.

Village Farms International (NASDAQ:VFF - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The firm had revenue of $77.07 million for the quarter, compared to analysts' expectations of $78.44 million. Village Farms International had a negative net margin of 11.85% and a negative return on equity of 10.55%. As a group, sell-side analysts forecast that Village Farms International, Inc. will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VFF shares. Zelman & Associates restated an "overweight" rating on shares of Village Farms International in a report on Monday, June 9th. Alliance Global Partners reaffirmed a "buy" rating on shares of Village Farms International in a research note on Tuesday, May 13th. Finally, Wall Street Zen raised Village Farms International from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.

Insider Buying and Selling at Village Farms International

In related news, CFO Stephen C. Ruffini purchased 25,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were bought at an average price of $1.21 per share, for a total transaction of $30,250.00. Following the purchase, the chief financial officer directly owned 9,783,127 shares of the company's stock, valued at approximately $11,837,583.67. This represents a 0.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.60% of the stock is owned by insiders.

Village Farms International Company Profile

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.