Mariner LLC Buys 66,751 Shares of Westrock Coffee (NASDAQ:WEST)

Mariner LLC boosted its holdings in Westrock Coffee (NASDAQ:WEST - Free Report) by 109.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,620 shares of the company's stock after buying an additional 66,751 shares during the period. Mariner LLC owned approximately 0.14% of Westrock Coffee worth $819,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. KLP Kapitalforvaltning AS bought a new position in Westrock Coffee during the fourth quarter worth $47,000. Virtu Financial LLC acquired a new stake in Westrock Coffee in the 4th quarter worth $83,000. Envestnet Asset Management Inc. bought a new position in shares of Westrock Coffee during the 4th quarter worth about $95,000. First Horizon Advisors Inc. acquired a new position in shares of Westrock Coffee during the fourth quarter valued at about $96,000. Finally, Townsquare Capital LLC lifted its stake in shares of Westrock Coffee by 46.6% in the fourth quarter. Townsquare Capital LLC now owns 16,133 shares of the company's stock valued at $104,000 after buying an additional 5,131 shares during the period. 45.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WEST shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $9.00 price target on shares of Westrock Coffee in a report on Wednesday, March 12th. Stifel Nicolaus cut their target price on Westrock Coffee from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Benchmark reiterated a "buy" rating and set a $10.00 price target on shares of Westrock Coffee in a research note on Wednesday, April 16th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $10.40.

Insider Buying and Selling at Westrock Coffee

In related news, COO William A. Ford acquired 15,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was bought at an average cost of $6.45 per share, with a total value of $96,750.00. Following the completion of the acquisition, the chief operating officer now owns 476,190 shares in the company, valued at $3,071,425.50. The trade was a 3.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 42.10% of the company's stock.

Westrock Coffee Price Performance

Shares of WEST stock traded up $0.39 during trading hours on Friday, hitting $6.31. The company had a trading volume of 209,408 shares, compared to its average volume of 290,446. Westrock Coffee has a 12 month low of $5.28 and a 12 month high of $10.99. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39. The firm's fifty day moving average is $6.29 and its 200 day moving average is $6.63. The firm has a market capitalization of $594.58 million, a price-to-earnings ratio of -7.34 and a beta of 0.50.

About Westrock Coffee

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.