Stephens Inc. AR Grows Stock Holdings in Westrock Coffee (NASDAQ:WEST)

Stephens Inc. AR lifted its stake in Westrock Coffee (NASDAQ:WEST - Free Report) by 54.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,364 shares of the company's stock after buying an additional 83,647 shares during the period. Stephens Inc. AR owned approximately 0.25% of Westrock Coffee worth $1,517,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WEST. Gilliland Jeter Wealth Management LLC grew its stake in shares of Westrock Coffee by 81.9% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 4,547 shares of the company's stock worth $30,000 after purchasing an additional 2,047 shares during the last quarter. Atom Investors LP bought a new stake in shares of Westrock Coffee in the third quarter worth about $70,000. Intech Investment Management LLC bought a new stake in shares of Westrock Coffee in the third quarter worth about $71,000. Blue Trust Inc. grew its stake in shares of Westrock Coffee by 637.3% in the third quarter. Blue Trust Inc. now owns 11,126 shares of the company's stock worth $72,000 after purchasing an additional 9,617 shares during the last quarter. Finally, Summit Asset Management LLC bought a new stake in shares of Westrock Coffee in the third quarter worth about $86,000. Hedge funds and other institutional investors own 45.08% of the company's stock.

Insider Buying and Selling at Westrock Coffee

In other news, Director Kenneth M. Parent acquired 62,735 shares of the business's stock in a transaction on Monday, December 2nd. The shares were acquired at an average cost of $8.07 per share, with a total value of $506,271.45. Following the transaction, the director now owns 112,451 shares in the company, valued at $907,479.57. The trade was a 126.19 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 42.10% of the company's stock.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group cut their target price on Westrock Coffee from $14.00 to $10.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th.

Westrock Coffee Stock Down 4.5 %

Westrock Coffee stock traded down $0.30 during trading hours on Friday, hitting $6.39. 268,258 shares of the stock traded hands, compared to its average volume of 221,575. The firm's 50-day moving average price is $6.59 and its two-hundred day moving average price is $7.18. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41. The company has a market cap of $601.87 million, a PE ratio of -7.43 and a beta of 0.57. Westrock Coffee has a one year low of $5.28 and a one year high of $11.21.

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.