North Star Investment Management Corp. Raises Stake in Hf Foods Group Inc. $HFFG

North Star Investment Management Corp. boosted its stake in Hf Foods Group Inc. (NASDAQ:HFFG) by 1,564.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 466,000 shares of the company’s stock after purchasing an additional 438,000 shares during the quarter. North Star Investment Management Corp. owned approximately 0.88% of Hf Foods Group worth $862,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in shares of Hf Foods Group by 37.1% in the second quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock worth $51,000 after buying an additional 4,351 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Hf Foods Group by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 54,436 shares of the company’s stock valued at $150,000 after acquiring an additional 5,640 shares during the period. Dimensional Fund Advisors LP grew its stake in Hf Foods Group by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 420,812 shares of the company’s stock valued at $1,161,000 after acquiring an additional 5,708 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in Hf Foods Group by 6.0% during the third quarter. Bridgeway Capital Management LLC now owns 112,155 shares of the company’s stock valued at $310,000 after acquiring an additional 6,337 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Hf Foods Group by 10.1% during the 4th quarter. Empowered Funds LLC now owns 80,713 shares of the company’s stock worth $174,000 after acquiring an additional 7,384 shares during the period. Hedge funds and other institutional investors own 24.02% of the company’s stock.

Hf Foods Group Stock Down 8.8%

HFFG stock opened at $1.50 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.49 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $1.92 and its 200 day moving average is $1.98. The stock has a market cap of $80.48 million, a price-to-earnings ratio of -2.21, a price-to-earnings-growth ratio of 0.45 and a beta of 0.53. Hf Foods Group Inc. has a 1-year low of $1.38 and a 1-year high of $3.87.

Hf Foods Group (NASDAQ:HFFG) last announced its earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Hf Foods Group had a negative net margin of 2.90% and a positive return on equity of 6.94%. The business had revenue of $312.00 million during the quarter, compared to analyst estimates of $307.36 million. Sell-side analysts predict that Hf Foods Group Inc. will post 0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on HFFG. Roth Mkm reiterated a “buy” rating on shares of Hf Foods Group in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of Hf Foods Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Wall Street Zen cut shares of Hf Foods Group from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Alliance Global Partners began coverage on Hf Foods Group in a research report on Thursday, April 16th. They issued a “buy” rating and a $5.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hf Foods Group presently has an average rating of “Hold” and an average price target of $5.50.

Hf Foods Group Profile

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company’s product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.