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

Mariner LLC lifted its position in shares of Westrock Coffee (NASDAQ:WEST) by 109.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 127,620 shares of the company’s stock after purchasing an additional 66,751 shares during the quarter. Mariner LLC’s holdings in Westrock Coffee were worth $819,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Stephens Inc. AR increased its holdings in Westrock Coffee by 54.8% during the fourth quarter. Stephens Inc. AR now owns 236,364 shares of the company’s stock worth $1,517,000 after buying an additional 83,647 shares during the last quarter. Barclays PLC increased its holdings in Westrock Coffee by 363.9% during the third quarter. Barclays PLC now owns 57,357 shares of the company’s stock worth $373,000 after buying an additional 44,993 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Westrock Coffee during the fourth quarter worth $840,000. State Street Corp increased its holdings in Westrock Coffee by 2.0% during the third quarter. State Street Corp now owns 649,553 shares of the company’s stock worth $4,222,000 after buying an additional 12,937 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Westrock Coffee by 5.7% during the third quarter. Geode Capital Management LLC now owns 806,325 shares of the company’s stock worth $5,242,000 after buying an additional 43,731 shares during the last quarter. 45.08% of the stock is owned by institutional investors and hedge funds.

Westrock Coffee Stock Down 0.5 %

Shares of NASDAQ WEST opened at $5.68 on Tuesday. The stock has a 50-day moving average price of $6.31 and a two-hundred day moving average price of $6.65. Westrock Coffee has a 12 month low of $5.28 and a 12 month high of $10.99. 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 $535.22 million, a price-to-earnings ratio of -6.60 and a beta of 0.47.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WEST shares. Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Westrock Coffee in a report on Wednesday, April 16th. Telsey Advisory Group reiterated an “outperform” rating and issued a $9.00 price objective on shares of Westrock Coffee in a report on Wednesday, March 12th. Finally, Stifel Nicolaus decreased their price objective on shares of Westrock Coffee from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Westrock Coffee has an average rating of “Buy” and an average target price of $10.40.

Insider Activity at Westrock Coffee

In related news, COO William A. Ford acquired 15,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were purchased 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 approximately $3,071,425.50. This trade represents a 3.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.10% of the stock is owned by company insiders.

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.