Sovereign s Capital Management LLC Acquires Shares of 72,410 Westrock Coffee (NASDAQ:WEST)

Sovereign s Capital Management LLC bought a new position in Westrock Coffee (NASDAQ:WEST - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 72,410 shares of the company's stock, valued at approximately $465,000. Sovereign s Capital Management LLC owned 0.08% of Westrock Coffee as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of WEST. Stephens Inc. AR boosted its holdings in shares of Westrock Coffee by 54.8% during the 4th quarter. Stephens Inc. AR now owns 236,364 shares of the company's stock valued at $1,517,000 after purchasing an additional 83,647 shares during the last quarter. Barclays PLC boosted its holdings in shares of Westrock Coffee by 363.9% during the 3rd quarter. Barclays PLC now owns 57,357 shares of the company's stock valued at $373,000 after purchasing an additional 44,993 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Westrock Coffee during the 4th quarter valued at about $840,000. Cresset Asset Management LLC bought a new position in shares of Westrock Coffee during the 4th quarter valued at about $353,000. Finally, Mariner LLC boosted its holdings in shares of Westrock Coffee by 109.7% during the 4th quarter. Mariner LLC now owns 127,620 shares of the company's stock valued at $819,000 after purchasing an additional 66,751 shares during the last quarter. Institutional investors own 45.08% of the company's stock.

Insider Transactions at Westrock Coffee

In other Westrock Coffee news, COO William A. Ford bought 15,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of $6.45 per share, for a total transaction of $96,750.00. Following the completion of the transaction, the chief operating officer now directly owns 476,190 shares of the company's stock, valued at approximately $3,071,425.50. This trade represents a 3.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joe T. Ford bought 70,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were acquired at an average price of $7.47 per share, with a total value of $522,900.00. Following the completion of the transaction, the director now directly owns 346,445 shares of the company's stock, valued at $2,587,944.15. This trade represents a 25.32% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 120,000 shares of company stock worth $879,150. Company insiders own 42.10% of the company's stock.

Westrock Coffee Stock Up 1.1%

Shares of NASDAQ WEST traded up $0.08 during midday trading on Thursday, reaching $7.34. 255,092 shares of the company's stock traded hands, compared to its average volume of 299,570. The company has a market cap of $691.63 million, a price-to-earnings ratio of -8.53 and a beta of 0.49. Westrock Coffee has a one year low of $5.28 and a one year high of $10.77. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 3.41. The stock's 50 day simple moving average is $6.47 and its 200-day simple moving average is $6.65.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.05). Westrock Coffee had a negative net margin of 9.05% and a negative return on equity of 20.72%. The firm had revenue of $213.80 million during the quarter, compared to analyst estimates of $213.85 million. On average, analysts predict that Westrock Coffee will post -0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on WEST shares. Benchmark reissued a "buy" rating and set a $10.00 price objective on shares of Westrock Coffee in a report on Wednesday, April 16th. Stifel Nicolaus decreased their target price on shares of Westrock Coffee from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $9.00 price objective on shares of Westrock Coffee in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Westrock Coffee presently has a consensus rating of "Buy" and a consensus price target of $10.40.

Westrock Coffee Company Profile

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.