Hf Foods Group (NASDAQ:HFFG) Director Dennis Lam Purchases 8,000 Shares

Key Points

• Director Dennis Lam purchased 8,000 shares on March 18 at $1.80 (and 100 shares on March 19 at $1.76), increasing his stake 55.62% to 22,384 shares valued at roughly $40,291.
• HFFG traded up to $1.85 (up 1.1%) on volume of 215,954 versus a 188,910 average, with a market cap of about $98.1M and a 52‑week range of $1.38–$4.93.
• The company reported quarterly EPS of $0.05 versus $0.10 expected (a miss), has a negative net margin, and carries an analyst consensus of Hold with an average target of $6.00.

Hf Foods Group Inc. (NASDAQ:HFFG - Get Free Report) Director Dennis Lam purchased 8,000 shares of the business's stock in a transaction dated Wednesday, March 18th. The shares were purchased at an average cost of $1.80 per share, for a total transaction of $14,400.00. Following the completion of the purchase, the director directly owned 22,384 shares of the company's stock, valued at approximately $40,291.20. This represents a 55.62% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Dennis Lam also recently made the following trade(s):

• On Thursday, March 19th, Dennis Lam purchased 100 shares of Hf Foods Group stock. The shares were purchased at an average price of $1.76 per share, for a total transaction of $176.00.

Hf Foods Group Trading Up 1.1%

NASDAQ HFFG traded up $0.02 during trading hours on Thursday, reaching $1.85. The company's stock had a trading volume of 215,954 shares, compared to its average volume of 188,910. The stock has a market cap of $98.12 million, a P/E ratio of -2.53, a P/E/G ratio of 0.26 and a beta of 0.42. The firm has a fifty day simple moving average of $1.91 and a 200-day simple moving average of $2.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.18 and a quick ratio of 0.42. Hf Foods Group Inc. has a 52 week low of $1.38 and a 52 week high of $4.93.

Hf Foods Group (NASDAQ:HFFG - Get Free Report) last released its quarterly earnings results on Monday, March 16th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.05). The company had revenue of $308.02 million during the quarter, compared to the consensus estimate of $308.37 million. Hf Foods Group had a negative net margin of 3.16% and a positive return on equity of 6.83%. Equities analysts forecast that Hf Foods Group Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hf Foods Group

Several large investors have recently added to or reduced their stakes in HFFG. Invesco Ltd. boosted its position in Hf Foods Group by 37.1% during the second quarter. Invesco Ltd. now owns 16,070 shares of the company's stock worth $51,000 after purchasing an additional 4,351 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Hf Foods Group by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 54,436 shares of the company's stock valued at $150,000 after buying an additional 5,640 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Hf Foods Group by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 420,812 shares of the company's stock valued at $1,161,000 after buying an additional 5,708 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in Hf Foods Group by 6.0% in the 3rd quarter. Bridgeway Capital Management LLC now owns 112,155 shares of the company's stock worth $310,000 after buying an additional 6,337 shares during the period. Finally, Empowered Funds LLC grew its stake in Hf Foods Group by 10.1% in the 4th quarter. Empowered Funds LLC now owns 80,713 shares of the company's stock valued at $174,000 after buying an additional 7,384 shares in the last quarter. Hedge funds and other institutional investors own 24.02% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Hf Foods Group in a report on Monday, December 29th. Roth Mkm dropped their price target on shares of Hf Foods Group from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Hf Foods Group currently has a consensus rating of "Hold" and an average target price of $6.00.

About Hf Foods Group

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company's product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.

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