Village Farms International Target of Unusually High Options Trading (NASDAQ:VFF)

Village Farms International, Inc. (NASDAQ:VFF) was the recipient of some unusual options trading on Wednesday. Traders bought 6,628 call options on the stock. This represents an increase of 109% compared to the typical daily volume of 3,175 call options.

Village Farms International Stock Performance

Village Farms International stock opened at $4.07 on Friday. The firm’s 50 day simple moving average is $3.49 and its 200-day simple moving average is $2.53. The company has a market cap of $470.17 million, a P/E ratio of 22.61 and a beta of 1.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.78 and a quick ratio of 2.17. Village Farms International has a fifty-two week low of $0.45 and a fifty-two week high of $4.99.

Village Farms International (NASDAQ:VFF) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Village Farms International had a net margin of 7.47% and a return on equity of 1.98%. The business had revenue of $66.74 million during the quarter, compared to the consensus estimate of $58.63 million. As a group, equities research analysts predict that Village Farms International will post -0.15 EPS for the current year.

Insider Activity at Village Farms International

In other Village Farms International news, insider Orville Bovenschen sold 61,586 shares of Village Farms International stock in a transaction on Monday, December 8th. The stock was sold at an average price of $3.30, for a total transaction of $203,233.80. Following the sale, the insider owned 50,000 shares of the company’s stock, valued at $165,000. The trade was a 55.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carolyn Hauger sold 22,000 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $3.75, for a total value of $82,500.00. Following the transaction, the director owned 29,020 shares of the company’s stock, valued at $108,825. This trade represents a 43.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 148,786 shares of company stock worth $541,318. 12.60% of the stock is owned by insiders.

Institutional Trading of Village Farms International

A number of hedge funds have recently modified their holdings of the business. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Village Farms International by 38.0% during the third quarter. Vermillion & White Wealth Management Group LLC now owns 21,778 shares of the company’s stock valued at $68,000 after buying an additional 6,000 shares in the last quarter. Traynor Capital Management Inc. acquired a new stake in Village Farms International during the 3rd quarter worth about $31,000. Key Client Fiduciary Advisors LLC grew its stake in Village Farms International by 1.7% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 687,285 shares of the company’s stock valued at $756,000 after acquiring an additional 11,320 shares in the last quarter. Jane Street Group LLC grew its stake in Village Farms International by 8.9% during the 2nd quarter. Jane Street Group LLC now owns 203,772 shares of the company’s stock valued at $224,000 after acquiring an additional 16,631 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of Village Farms International by 50.6% in the 2nd quarter. Stephens Inc. AR now owns 59,500 shares of the company’s stock valued at $65,000 after purchasing an additional 20,000 shares during the period. Hedge funds and other institutional investors own 12.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on VFF. Wall Street Zen raised Village Farms International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Village Farms International in a report on Thursday, October 30th. Finally, Zacks Research raised shares of Village Farms International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Village Farms International Company Profile

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.