Gamco Investors INC. ET AL Acquires 13,000 Shares of Westrock Coffee (NASDAQ:WEST)

Gamco Investors INC. ET AL boosted its holdings in Westrock Coffee (NASDAQ:WEST) by 5.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 256,650 shares of the company’s stock after acquiring an additional 13,000 shares during the quarter. Gamco Investors INC. ET AL owned 0.29% of Westrock Coffee worth $2,651,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WEST. DAVENPORT & Co LLC grew its stake in Westrock Coffee by 3.1% during the fourth quarter. DAVENPORT & Co LLC now owns 163,640 shares of the company’s stock worth $1,671,000 after buying an additional 4,965 shares during the last quarter. Arvest Trust Co. N A bought a new stake in Westrock Coffee during the fourth quarter worth about $180,000. Cerity Partners LLC bought a new stake in Westrock Coffee during the fourth quarter worth about $114,000. Signaturefd LLC bought a new stake in Westrock Coffee during the fourth quarter worth about $255,000. Finally, AM Investment Strategies LLC bought a new stake in Westrock Coffee during the fourth quarter worth about $255,000. Institutional investors own 45.08% of the company’s stock.

Westrock Coffee Price Performance

NASDAQ WEST traded up $0.06 during trading hours on Friday, hitting $10.10. The company’s stock had a trading volume of 162,827 shares, compared to its average volume of 175,034. The stock has a fifty day moving average of $10.16 and a 200 day moving average of $10.18. Westrock Coffee has a twelve month low of $6.88 and a twelve month high of $11.28. The company has a current ratio of 1.24, a quick ratio of 0.60 and a debt-to-equity ratio of 2.99.

Westrock Coffee (NASDAQ:WEST) last issued its earnings results on Thursday, May 9th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.11). Westrock Coffee had a negative net margin of 6.33% and a negative return on equity of 41.49%. The firm had revenue of $192.50 million during the quarter, compared to the consensus estimate of $200.60 million. As a group, equities analysts predict that Westrock Coffee will post -0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $14.00 target price on shares of Westrock Coffee in a research report on Friday, June 28th. Benchmark reiterated a “buy” rating and set a $12.00 target price on shares of Westrock Coffee in a research report on Monday, May 13th.

Insider Activity at Westrock Coffee

In related news, major shareholder Hf Direct Investments Pool, Ll sold 35,933 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $10.10, for a total value of $362,923.30. Following the completion of the transaction, the insider now owns 12,846,508 shares of the company’s stock, valued at $129,749,730.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Westrock Coffee news, major shareholder Hf Direct Investments Pool, Ll sold 35,933 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $10.10, for a total value of $362,923.30. Following the completion of the sale, the insider now owns 12,846,508 shares in the company, valued at $129,749,730.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas Christopher Pledger sold 6,600 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $10.00, for a total transaction of $66,000.00. Following the completion of the sale, the chief financial officer now owns 466,673 shares of the company’s stock, valued at approximately $4,666,730. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 114,189 shares of company stock valued at $1,147,982. Corporate insiders own 42.10% of the company’s stock.

About Westrock Coffee

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.