Key Points
- CEO Michael Jordan Osborn bought 10,000 WVVI shares at an average price of $1.91, investing $19,100 and increasing his direct ownership by 50% to 30,000 shares.
- Willamette Valley Vineyards reported a quarterly loss of $0.40 per share on $10.04 million in revenue, alongside a negative net margin and return on equity.
- The stock opened at $2.00, while the company carries a consensus “Sell” rating; institutional ownership stands at 12.24%, including a significantly increased stake by Northwestern Mutual Wealth Management.
Willamette Valley Vineyards, Inc. (NASDAQ:WVVI - Get Free Report) CEO Michael Jordan Osborn purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, October 2nd. The shares were purchased at an average cost of $1.91 per share, for a total transaction of $19,100.00. Following the purchase, the chief executive officer directly owned 30,000 shares in the company, valued at $57,300. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Willamette Valley Vineyards Stock Performance
Shares of WVVI stock opened at $2.00 on Tuesday. Willamette Valley Vineyards, Inc. has a 12 month low of $1.65 and a 12 month high of $4.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.92 and a quick ratio of 0.36. The firm has a market capitalization of $9.96 million, a P/E ratio of -2.17 and a beta of 0.23. The company's fifty day moving average price is $2.18 and its two-hundred day moving average price is $2.52.
Willamette Valley Vineyards (NASDAQ:WVVI - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.40) earnings per share for the quarter. The business had revenue of $10.04 million for the quarter. Willamette Valley Vineyards had a negative net margin of 5.93% and a negative return on equity of 10.31%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a "sell (d)" rating on shares of Willamette Valley Vineyards in a research note on Monday, September 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Willamette Valley Vineyards has a consensus rating of "Sell".
Get Our Latest Analysis on Willamette Valley Vineyards
Institutional Inflows and Outflows
A hedge fund recently raised its position in Willamette Valley Vineyards stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Willamette Valley Vineyards, Inc. (NASDAQ:WVVI - Free Report) by 108,584.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,357 shares of the company's stock after acquiring an additional 342,042 shares during the period. Northwestern Mutual Wealth Management Co. owned about 6.90% of Willamette Valley Vineyards worth $1,044,000 at the end of the most recent quarter. 12.24% of the stock is owned by institutional investors.
Willamette Valley Vineyards Company Profile
(
Get Free Report)
Willamette Valley Vineyards is an Oregon-based wine producer that makes and sells premium wines, with a focus on Pinot Noir and other varieties suited to the Pacific Northwest. Its portfolio also includes Pinot Gris, Chardonnay, Riesling and other wines produced from grapes grown in Oregon's Willamette Valley and surrounding regions.
Founded in 1988 by Jim Bernau, the company operates estate vineyards, wineries and tasting-room facilities in Oregon. Its business includes wine production, direct-to-consumer sales, wine clubs, tasting experiences and hospitality services.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
