Key Points
- Director Dennis Lam purchased 8,000 shares of Hf Foods Group on March 18 at $1.80 ($14,400), increasing his stake to 22,384 shares (a 55.62% boost); he also bought 100 shares on March 19 at $1.76, with the trades disclosed on an SEC Form 4.
- HFFG shares traded around $1.86 with a market cap of about $98.65M; the company missed quarterly EPS ($0.05 vs. $0.10 estimate) and reported a negative net margin (-3.16%) despite a positive ROE (6.83%).
- Analysts are mixed but overall rate Hf Foods Group as a Hold with an average price target of $6.00, while institutional investors own roughly 24.02% of the stock.
Hf Foods Group Inc. (NASDAQ:HFFG - Get Free Report) Director Dennis Lam acquired 8,000 shares of the business's stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average price of $1.80 per share, with a total value of $14,400.00. Following the completion of the transaction, the director directly owned 22,384 shares of the company's stock, valued at $40,291.20. This trade represents a 55.62% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Dennis Lam also recently made the following trade(s):
- On Thursday, March 19th, Dennis Lam bought 100 shares of Hf Foods Group stock. The stock was purchased at an average price of $1.76 per share, for a total transaction of $176.00.
Hf Foods Group Price Performance
Shares of HFFG traded up $0.01 during mid-day trading on Friday, reaching $1.86. 42,156 shares of the stock traded hands, compared to its average volume of 185,441. The company has a market cap of $98.65 million, a price-to-earnings ratio of -2.55, a price-to-earnings-growth ratio of 0.27 and a beta of 0.42. Hf Foods Group Inc. has a 1 year low of $1.38 and a 1 year high of $4.93. The firm has a fifty day moving average price of $1.90 and a 200 day moving average price of $2.34. The company has a current ratio of 1.18, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61.
Hf Foods Group (NASDAQ:HFFG - Get Free Report) last posted its quarterly earnings data on Monday, March 16th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.05). The business had revenue of $308.02 million for 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%. As a group, equities research analysts predict that Hf Foods Group Inc. will post 0.22 earnings per share for the current year.
Institutional Investors Weigh In On Hf Foods Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Abel Hall LLC purchased a new stake in Hf Foods Group during the 4th quarter valued at about $26,000. Virtu Financial LLC bought a new stake in Hf Foods Group in the third quarter valued at approximately $39,000. HRT Financial LP bought a new stake in Hf Foods Group in the fourth quarter valued at approximately $40,000. Tower Research Capital LLC TRC boosted its stake in shares of Hf Foods Group by 192.7% during the second quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company's stock valued at $40,000 after purchasing an additional 8,197 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Hf Foods Group by 37.1% in 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 last quarter. Institutional investors own 24.02% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Hf Foods Group in a research note on Monday, December 29th. Roth Mkm lowered their price objective 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 issued a Sell rating to the company. According to MarketBeat, Hf Foods Group presently has an average rating of "Hold" and an average price target of $6.00.
Get Our Latest Analysis on HFFG
Hf Foods Group Company Profile
(
Get Free Report)
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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