Perkins Capital Management Inc. Buys 999,500 Shares of Village Farms International, Inc. (NASDAQ:VFF)

Perkins Capital Management Inc. raised its holdings in shares of Village Farms International, Inc. (NASDAQ:VFF - Free Report) by 1,708.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,058,000 shares of the company's stock after acquiring an additional 999,500 shares during the period. Perkins Capital Management Inc. owned approximately 0.96% of Village Farms International worth $805,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VFF. Moneta Group Investment Advisors LLC acquired a new position in shares of Village Farms International in the 4th quarter worth $50,838,000. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Village Farms International in the first quarter worth about $3,543,000. Renaissance Technologies LLC acquired a new stake in shares of Village Farms International in the second quarter worth about $636,000. Baader Bank Aktiengesellschaft lifted its position in shares of Village Farms International by 150.0% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 250,000 shares of the company's stock worth $335,000 after buying an additional 150,000 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Village Farms International by 76.5% in the fourth quarter. Two Sigma Investments LP now owns 294,004 shares of the company's stock worth $394,000 after buying an additional 127,459 shares during the last quarter. 12.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Craig Hallum lifted their price objective on Village Farms International from $1.00 to $1.20 and gave the stock a "buy" rating in a research note on Thursday, March 14th.

Village Farms International Stock Performance

VFF traded up $0.14 on Monday, hitting $1.38. 2,244,249 shares of the stock traded hands, compared to its average volume of 704,442. Village Farms International, Inc. has a 52 week low of $0.55 and a 52 week high of $1.43. The firm has a market capitalization of $152.14 million, a PE ratio of -4.93 and a beta of 2.36. The business has a fifty day moving average price of $0.85 and a two-hundred day moving average price of $0.81. The company has a current ratio of 2.10, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13.

Village Farms International 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.