Naviter Wealth LLC Acquires New Position in Westrock Coffee (NASDAQ:WEST)

Naviter Wealth LLC acquired a new stake in Westrock Coffee (NASDAQ:WEST) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,180 shares of the company’s stock, valued at approximately $149,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. NFC Investments LLC raised its stake in shares of Westrock Coffee by 17.0% during the third quarter. NFC Investments LLC now owns 4,044,207 shares of the company’s stock valued at $26,286,000 after acquiring an additional 588,160 shares in the last quarter. Principal Street Partners LLC increased its holdings in Westrock Coffee by 100.0% during the 3rd quarter. Principal Street Partners LLC now owns 391,680 shares of the company’s stock worth $2,546,000 after purchasing an additional 195,800 shares during the period. Raymond James Financial Inc. bought a new stake in Westrock Coffee during the 4th quarter valued at $840,000. Repertoire Partners LP purchased a new stake in shares of Westrock Coffee in the 3rd quarter worth $650,000. Finally, Stephens Inc. AR grew its position in shares of Westrock Coffee by 54.8% during the 4th quarter. Stephens Inc. AR now owns 236,364 shares of the company’s stock worth $1,517,000 after buying an additional 83,647 shares in the last quarter. 45.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group decreased their price objective on Westrock Coffee from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Thursday.

Westrock Coffee Stock Performance

Shares of WEST stock opened at $7.22 on Monday. The company’s 50 day moving average is $6.47 and its 200 day moving average is $6.89. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 3.41. The firm has a market cap of $680.04 million, a price-to-earnings ratio of -8.40 and a beta of 0.59. Westrock Coffee has a 52-week low of $5.28 and a 52-week high of $10.99.

Westrock Coffee Profile

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.