Agman Capital LLC Takes $3.01 Million Position in Westrock Coffee Company $WEST

Agman Capital LLC acquired a new stake in Westrock Coffee Company (NASDAQ:WEST) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 738,847 shares of the company’s stock, valued at approximately $3,007,000. Westrock Coffee accounts for 2.6% of Agman Capital LLC’s investment portfolio, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WEST. AQR Capital Management LLC acquired a new position in shares of Westrock Coffee in the 1st quarter valued at about $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Westrock Coffee by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company’s stock valued at $154,000 after purchasing an additional 2,003 shares during the period. Rhumbline Advisers lifted its stake in shares of Westrock Coffee by 8.1% in the 2nd quarter. Rhumbline Advisers now owns 49,510 shares of the company’s stock valued at $284,000 after purchasing an additional 3,723 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Westrock Coffee by 199.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock valued at $36,000 after purchasing an additional 4,136 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Westrock Coffee in the 2nd quarter valued at about $104,000. 45.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Westrock Coffee

In other Westrock Coffee news, Director Joe T. Ford bought 55,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average price of $4.60 per share, for a total transaction of $253,000.00. Following the purchase, the director directly owned 533,916 shares of the company’s stock, valued at approximately $2,456,013.60. This represents a 11.48% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders purchased 89,500 shares of company stock valued at $543,715. 25.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WEST shares. Zacks Research raised Westrock Coffee from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Telsey Advisory Group boosted their price objective on Westrock Coffee from $7.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings raised Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Finally, Benchmark boosted their target price on Westrock Coffee from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Westrock Coffee currently has an average rating of “Hold” and an average price target of $9.00.

Westrock Coffee Stock Performance

Shares of WEST opened at $9.50 on Friday. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.46 and a current ratio of 0.97. The stock has a 50 day moving average price of $6.86 and a two-hundred day moving average price of $5.24. The firm has a market capitalization of $920.35 million, a P/E ratio of -12.67 and a beta of 0.90. Westrock Coffee Company has a 52 week low of $3.59 and a 52 week high of $9.81.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. The firm had revenue of $308.83 million during the quarter, compared to analyst estimates of $285.13 million. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%. Equities analysts forecast that Westrock Coffee Company will post -0.18 earnings per share for the current fiscal year.

About Westrock Coffee

Westrock Coffee Company is a global integrated coffee roaster and manufacturer that delivers end-to-end solutions across the coffee and tea supply chain. The company sources, roasts, blends, packages and distributes a diverse range of products, including hot and cold brew coffee, single-serve pods, instant and soluble coffee, tea, and specialty coffee extracts. Serving retail, convenience, foodservice and industrial customers, Westrock Coffee offers both private-label and co-packed branded products to meet the needs of supermarkets, quick-service restaurants, office coffee services and other channels.

Since its founding in 2008, Westrock Coffee has grown through a combination of organic expansion and strategic acquisitions to establish manufacturing facilities across North America, Latin America and Europe.