Paragon Advisors LLC Has $279,000 Stock Holdings in Westrock Coffee (NASDAQ:WEST)

Paragon Advisors LLC reduced its stake in Westrock Coffee (NASDAQ:WEST) by 29.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,852 shares of the company’s stock after selling 18,014 shares during the period. Paragon Advisors LLC’s holdings in Westrock Coffee were worth $279,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Westrock Coffee by 23.2% in the 1st quarter. Vanguard Group Inc. now owns 2,538,327 shares of the company’s stock valued at $26,221,000 after purchasing an additional 478,088 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Westrock Coffee in the second quarter valued at about $19,199,000. Raymond James & Associates grew its stake in shares of Westrock Coffee by 2.1% in the second quarter. Raymond James & Associates now owns 269,174 shares of the company’s stock valued at $2,754,000 after acquiring an additional 5,520 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Westrock Coffee by 5.3% during the first quarter. Gamco Investors INC. ET AL now owns 256,650 shares of the company’s stock worth $2,651,000 after acquiring an additional 13,000 shares during the period. Finally, Stephens Inc. AR raised its stake in Westrock Coffee by 1.7% in the 3rd quarter. Stephens Inc. AR now owns 152,717 shares of the company’s stock worth $993,000 after purchasing an additional 2,500 shares in the last quarter. 45.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Westrock Coffee news, Director Joe T. Ford acquired 5,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was purchased at an average cost of $6.97 per share, with a total value of $34,850.00. Following the transaction, the director now owns 249,445 shares in the company, valued at approximately $1,738,631.65. The trade was a 2.05 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have purchased a total of 11,092 shares of company stock valued at $81,546 over the last ninety days. 42.10% of the stock is owned by company insiders.

Analyst Ratings Changes

WEST has been the topic of a number of analyst reports. Telsey Advisory Group decreased their target price on shares of Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Truist Financial started coverage on Westrock Coffee in a research report on Monday, October 7th. They set a “buy” rating and a $10.00 price target on the stock. Finally, Craig Hallum started coverage on Westrock Coffee in a report on Monday, September 23rd. They issued a “buy” rating and a $13.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Westrock Coffee currently has a consensus rating of “Buy” and a consensus price target of $11.40.

Westrock Coffee Stock Performance

Westrock Coffee stock opened at $6.66 on Friday. The business has a 50 day moving average of $6.78 and a 200-day moving average of $8.76. The company has a market capitalization of $588.54 million, a P/E ratio of -7.74 and a beta of 0.38. Westrock Coffee has a 1 year low of $5.28 and a 1 year high of $11.21. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73.

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.