Key Points
- Director Carolyn Hauger sold 22,000 shares on November 20 at an average price of $3.75 for $82,500, cutting her stake by 43.12% to 29,020 shares (≈$108,825), per an SEC filing.
- Quarterly results topped estimates: Village Farms reported $0.08 EPS and $66.74M revenue, beating consensus, but analysts still forecast -$0.15 EPS for the year while the stock trades near $3.52 with a P/E of 39.12.
- Institutional activity is notable: AdvisorShares, Two Sigma and Millennium materially increased positions in the third quarter, and institutional/hedge funds now own about 12.15% of the stock.
Village Farms International, Inc. (NASDAQ:VFF - Get Free Report) Director Carolyn Hauger sold 22,000 shares of the firm's stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $3.75, for a total transaction of $82,500.00. Following the completion of the sale, the director owned 29,020 shares of the company's stock, valued at approximately $108,825. This trade represents a 43.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Village Farms International Stock Down 0.8%
Shares of Village Farms International stock traded down $0.03 during trading on Friday, reaching $3.52. The company's stock had a trading volume of 2,782,527 shares, compared to its average volume of 1,498,807. The company has a quick ratio of 1.89, a current ratio of 2.65 and a debt-to-equity ratio of 0.11. The company has a market cap of $406.62 million, a price-to-earnings ratio of 39.12 and a beta of 2.27. Village Farms International, Inc. has a 1-year low of $0.45 and a 1-year high of $4.08. The company has a 50-day simple moving average of $3.18 and a two-hundred day simple moving average of $2.16.
Village Farms International (NASDAQ:VFF - Get Free Report) last announced its earnings results on Monday, November 10th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. The company had revenue of $66.74 million for the quarter, compared to analyst estimates of $58.63 million. Village Farms International had a negative return on equity of 2.24% and a net margin of 3.42%. As a group, equities analysts forecast that Village Farms International, Inc. will post -0.15 earnings per share for the current year.
Institutional Investors Weigh In On Village Farms International
Several institutional investors have recently bought and sold shares of VFF. AdvisorShares Investments LLC raised its holdings in shares of Village Farms International by 77.0% during the third quarter. AdvisorShares Investments LLC now owns 5,963,842 shares of the company's stock valued at $18,667,000 after acquiring an additional 2,595,154 shares during the last quarter. Two Sigma Investments LP raised its stake in Village Farms International by 187.2% in the 3rd quarter. Two Sigma Investments LP now owns 1,724,648 shares of the company's stock valued at $5,398,000 after purchasing an additional 1,124,085 shares during the last quarter. Millennium Management LLC lifted its holdings in Village Farms International by 2,050.2% in the 3rd quarter. Millennium Management LLC now owns 1,005,263 shares of the company's stock valued at $3,146,000 after purchasing an additional 958,511 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in Village Farms International in the 2nd quarter valued at $440,000. Finally, Perkins Capital Management Inc. boosted its stake in Village Farms International by 21.1% during the 1st quarter. Perkins Capital Management Inc. now owns 1,318,500 shares of the company's stock worth $798,000 after purchasing an additional 230,000 shares during the last quarter. 12.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
VFF has been the topic of a number of analyst reports. Zacks Research upgraded Village Farms International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Village Farms International in a report on Thursday, October 30th. Finally, Wall Street Zen raised Village Farms International from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Village Farms International has an average rating of "Buy".
View Our Latest Stock Report on Village Farms International
Village Farms International Company Profile
(
Get Free Report)
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.
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