Segall Bryant & Hamill LLC Takes Position in Hf Foods Group Inc. (NASDAQ:HFFG)

Segall Bryant & Hamill LLC bought a new position in Hf Foods Group Inc. (NASDAQ:HFFG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 139,030 shares of the company's stock, valued at approximately $681,000. Segall Bryant & Hamill LLC owned about 0.26% of Hf Foods Group as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC acquired a new stake in shares of Hf Foods Group in the fourth quarter valued at about $36,000. XTX Topco Ltd purchased a new stake in shares of Hf Foods Group in the 4th quarter valued at approximately $38,000. Prudential Financial Inc. purchased a new stake in Hf Foods Group during the 4th quarter worth approximately $42,000. Intech Investment Management LLC purchased a new stake in Hf Foods Group during the 4th quarter worth approximately $42,000. Finally, MetLife Investment Management LLC grew its holdings in Hf Foods Group by 458.0% during the 4th quarter. MetLife Investment Management LLC now owns 23,381 shares of the company's stock worth $75,000 after acquiring an additional 19,191 shares in the last quarter. Hedge funds and other institutional investors own 24.02% of the company's stock.

Analysts Set New Price Targets

HFFG has been the subject of several analyst reports. Roth Capital initiated coverage on shares of Hf Foods Group in a report on Friday, May 9th. They set a "buy" rating and a $7.00 price target for the company. Wall Street Zen cut shares of Hf Foods Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th.

Hf Foods Group Stock Up 4.1%

Shares of Hf Foods Group stock traded up $0.12 during trading hours on Wednesday, hitting $3.07. The company had a trading volume of 65,723 shares, compared to its average volume of 92,878. The company's 50-day moving average is $3.50 and its two-hundred day moving average is $3.28. Hf Foods Group Inc. has a twelve month low of $1.70 and a twelve month high of $4.93. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.19 and a quick ratio of 0.52. The company has a market cap of $162.74 million, a P/E ratio of -3.30 and a beta of 0.54.

Hf Foods Group (NASDAQ:HFFG - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06). Hf Foods Group had a positive return on equity of 5.33% and a negative net margin of 4.11%. The business had revenue of $298.43 million for the quarter, compared to analyst estimates of $303.68 million. Analysts anticipate that Hf Foods Group Inc. will post 0.22 earnings per share for the current fiscal year.

About Hf Foods Group

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.