Mariner LLC Has $819,000 Stake in Westrock Coffee (NASDAQ:WEST)

Mariner LLC boosted its holdings in shares of Westrock Coffee (NASDAQ:WEST - Free Report) by 109.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,620 shares of the company's stock after buying an additional 66,751 shares during the quarter. Mariner LLC owned about 0.14% of Westrock Coffee worth $819,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WEST. KLP Kapitalforvaltning AS bought a new stake in Westrock Coffee during the fourth quarter valued at about $47,000. Virtu Financial LLC bought a new stake in Westrock Coffee during the fourth quarter valued at about $83,000. Envestnet Asset Management Inc. bought a new stake in Westrock Coffee during the fourth quarter valued at about $95,000. First Horizon Advisors Inc. bought a new stake in Westrock Coffee during the fourth quarter valued at about $96,000. Finally, Townsquare Capital LLC boosted its holdings in Westrock Coffee by 46.6% during the fourth quarter. Townsquare Capital LLC now owns 16,133 shares of the company's stock valued at $104,000 after acquiring an additional 5,131 shares during the period. 45.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Westrock Coffee

In related news, COO William A. Ford acquired 15,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average price of $6.45 per share, for a total transaction of $96,750.00. Following the completion of the acquisition, the chief operating officer now owns 476,190 shares of the company's stock, valued at $3,071,425.50. This trade represents a 3.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 42.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Benchmark restated a "buy" rating and set a $10.00 price target on shares of Westrock Coffee in a report on Wednesday, April 16th. Stifel Nicolaus reduced their target price on shares of Westrock Coffee from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $9.00 target price on shares of Westrock Coffee in a research note on Wednesday, March 12th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $10.40.

Westrock Coffee Trading Down 0.5 %

WEST stock opened at $5.68 on Tuesday. The company has a market cap of $535.22 million, a P/E ratio of -6.60 and a beta of 0.47. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $10.99. 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 business has a fifty day moving average of $6.31 and a 200-day moving average of $6.65.

Westrock Coffee Company 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.

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