Xi Lin Purchases 3,080 Shares of Hf Foods Group Inc. (NASDAQ:HFFG) Stock

Key Points

• Xi Lin, CEO of Hf Foods Group Inc., purchased 3,080 shares at an average price of $3.25, increasing his total ownership to 411,310 shares valued at approximately $1.34 million.
• Shares of Hf Foods Group traded up **7.1%**, reaching a price of $3.57, with analysts predicting an EPS of **0.22** for the current year.
• Recent analyst reports downgraded Hf Foods Group from "strong-buy" to "buy," while Roth Capital set a target price of **$7.00** for the stock.

Hf Foods Group Inc. (NASDAQ:HFFG - Get Free Report) CEO Xi Lin purchased 3,080 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was bought at an average cost of $3.25 per share, for a total transaction of $10,010.00. Following the completion of the acquisition, the chief executive officer directly owned 411,310 shares of the company's stock, valued at $1,336,757.50. This represents a 0.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Hf Foods Group Trading Up 7.1%

Shares of HFFG traded up $0.24 during midday trading on Wednesday, hitting $3.57. The stock had a trading volume of 149,332 shares, compared to its average volume of 128,815. Hf Foods Group Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $4.93. The business has a 50-day simple moving average of $3.20 and a two-hundred day simple moving average of $3.29. The firm has a market cap of $188.98 million, a P/E ratio of -3.91, a price-to-earnings-growth ratio of 1.18 and a beta of 0.55. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio 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 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). The firm had revenue of $298.43 million during the quarter, compared to analyst estimates of $303.68 million. Hf Foods Group had a positive return on equity of 6.91% and a negative net margin of 3.97%. As a group, equities analysts forecast that Hf Foods Group Inc. will post 0.22 EPS for the current year.

Analysts Set New Price Targets

HFFG has been the topic of several recent analyst reports. 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. Roth Capital assumed coverage on shares of Hf Foods Group in a research report on Friday, May 9th. They set a "buy" rating and a $7.00 price objective for the company.

Hedge Funds Weigh In On Hf Foods Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in Hf Foods Group by 8.2% during the fourth quarter. Barclays PLC now owns 61,350 shares of the company's stock valued at $197,000 after buying an additional 4,665 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Hf Foods Group by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 23,631 shares of the company's stock valued at $76,000 after buying an additional 5,348 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Hf Foods Group by 7.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 99,352 shares of the company's stock valued at $487,000 after purchasing an additional 6,751 shares during the period. Bank of New York Mellon Corp raised its position in shares of Hf Foods Group by 10.5% in the first quarter. Bank of New York Mellon Corp now owns 90,015 shares of the company's stock valued at $441,000 after purchasing an additional 8,547 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in shares of Hf Foods Group in the fourth quarter worth $36,000. Institutional investors own 24.02% of the company's stock.

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.

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