Diversified Trust Co Lowers Holdings in Westrock Coffee (NASDAQ:WEST)

Diversified Trust Co lowered its position in shares of Westrock Coffee (NASDAQ:WEST) by 47.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 63,097 shares of the company’s stock after selling 56,309 shares during the period. Diversified Trust Co’s holdings in Westrock Coffee were worth $405,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in WEST. EverSource Wealth Advisors LLC grew its holdings in Westrock Coffee by 69.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,520 shares of the company’s stock worth $35,000 after acquiring an additional 1,444 shares during the period. ProShare Advisors LLC acquired a new position in Westrock Coffee during the second quarter worth about $39,000. Gilliland Jeter Wealth Management LLC lifted its position in shares of Westrock Coffee by 81.9% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 4,547 shares of the company’s stock valued at $30,000 after acquiring an additional 2,047 shares during the period. Atom Investors LP purchased a new stake in shares of Westrock Coffee during the 3rd quarter worth approximately $70,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Westrock Coffee in the 3rd quarter worth approximately $71,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

Westrock Coffee Stock Performance

Westrock Coffee stock opened at $6.12 on Friday. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39. Westrock Coffee has a fifty-two week low of $5.28 and a fifty-two week high of $11.21. The stock has a fifty day moving average of $6.99 and a two-hundred day moving average of $7.80. The company has a market capitalization of $576.43 million, a price-to-earnings ratio of -7.12 and a beta of 0.55.

Analyst Upgrades and Downgrades

WEST has been the topic of a number of research analyst reports. Truist Financial assumed coverage on Westrock Coffee in a research report on Monday, October 7th. They set a “buy” rating and a $10.00 target price on the stock. Craig Hallum started coverage on shares of Westrock Coffee in a research report on Monday, September 23rd. They issued a “buy” rating and a $13.00 price objective on the stock. Finally, Telsey Advisory Group dropped their target price on shares of Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, November 8th.

Insider Buying and Selling

In other news, Director Kenneth M. Parent purchased 62,735 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were bought at an average cost of $8.07 per share, with a total value of $506,271.45. Following the purchase, the director now directly owns 112,451 shares of the company’s stock, valued at approximately $907,479.57. This trade represents a 126.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.10% of the stock is currently owned by company insiders.

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.