Stephens Inc. AR Buys 83,647 Shares of Westrock Coffee (NASDAQ:WEST)

Stephens Inc. AR grew its position in Westrock Coffee (NASDAQ:WEST) by 54.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 236,364 shares of the company’s stock after purchasing an additional 83,647 shares during the quarter. Stephens Inc. AR owned approximately 0.25% of Westrock Coffee worth $1,517,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Gilliland Jeter Wealth Management LLC grew its stake in shares of Westrock Coffee by 81.9% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 4,547 shares of the company’s stock valued at $30,000 after buying an additional 2,047 shares during the period. Atom Investors LP acquired a new stake in Westrock Coffee in the 3rd quarter valued at $70,000. Intech Investment Management LLC bought a new stake in Westrock Coffee during the 3rd quarter valued at $71,000. Blue Trust Inc. grew its holdings in shares of Westrock Coffee by 637.3% during the third quarter. Blue Trust Inc. now owns 11,126 shares of the company’s stock valued at $72,000 after buying an additional 9,617 shares during the last quarter. Finally, Summit Asset Management LLC bought a new position in Westrock Coffee in the 3rd quarter valued at about $86,000. 45.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group cut their price target on shares of Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, November 8th.

Insider Buying and Selling at Westrock Coffee

In related news, Director Kenneth M. Parent bought 62,735 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was acquired at an average price of $8.07 per share, for a total transaction of $506,271.45. Following the purchase, the director now directly owns 112,451 shares in the company, valued at $907,479.57. This trade represents a 126.19 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.10% of the company’s stock.

Westrock Coffee Price Performance

WEST opened at $6.56 on Thursday. The company has a market capitalization of $617.89 million, a price-to-earnings ratio of -7.63 and a beta of 0.57. 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 50-day moving average price of $6.64 and a 200-day moving average price of $7.25. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $11.21.

About Westrock Coffee

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.