Village Farms International Sees Unusually High Options Volume (NASDAQ:VFF)

Village Farms International, Inc. (NASDAQ:VFF) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 3,276 call options on the company. Thisisanincreaseofapproximately427% compared to the typical volume of 622 call options.

Village Farms International Trading Up 8.5%

Shares of NASDAQ VFF opened at $2.82 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 2.65. The business’s 50 day moving average price is $1.39 and its 200-day moving average price is $0.98. Village Farms International has a fifty-two week low of $0.45 and a fifty-two week high of $2.91. The company has a market cap of $317.64 million, a price-to-earnings ratio of 31.34 and a beta of 2.14.

Village Farms International (NASDAQ:VFF) last released its quarterly earnings data on Monday, August 11th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.12. The company had revenue of $59.90 million for the quarter, compared to the consensus estimate of $48.86 million. Village Farms International had a negative return on equity of 2.24% and a net margin of 3.42%. On average, sell-side analysts expect that Village Farms International will post -0.15 earnings per share for the current year.

Insider Buying and Selling at Village Farms International

In other news, CFO Stephen C. Ruffini purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was bought at an average cost of $1.21 per share, with a total value of $30,250.00. Following the completion of the purchase, the chief financial officer owned 9,783,127 shares in the company, valued at approximately $11,837,583.67. This represents a 0.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. AdvisorShares Investments LLC boosted its position in Village Farms International by 0.8% during the 2nd quarter. AdvisorShares Investments LLC now owns 3,368,688 shares of the company’s stock valued at $3,706,000 after acquiring an additional 25,880 shares in the last quarter. Perkins Capital Management Inc. boosted its position in Village Farms International by 21.1% during the 1st quarter. Perkins Capital Management Inc. now owns 1,318,500 shares of the company’s stock valued at $798,000 after acquiring an additional 230,000 shares in the last quarter. Renaissance Technologies LLC boosted its position in Village Farms International by 7.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,190,633 shares of the company’s stock valued at $918,000 after acquiring an additional 80,567 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Village Farms International by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 737,574 shares of the company’s stock valued at $446,000 after acquiring an additional 35,913 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC boosted its position in Village Farms International by 1.7% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 687,285 shares of the company’s stock valued at $756,000 after acquiring an additional 11,320 shares in the last quarter. 12.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on VFF shares. Wall Street Zen lowered Village Farms International from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Alliance Global Partners restated a “buy” rating on shares of Village Farms International in a research report on Tuesday, May 13th. Finally, Zelman & Associates restated an “overweight” rating on shares of Village Farms International in a research report on Monday, June 9th.

About Village Farms International

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.