Willamette Valley Vineyards (NASDAQ:WVVI) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Willamette Valley Vineyards (NASDAQ:WVVI) in a research note issued to investors on Tuesday. The firm issued a hold rating on the stock.

Willamette Valley Vineyards Stock Performance

NASDAQ WVVI opened at $4.95 on Tuesday. Willamette Valley Vineyards has a 52-week low of $4.40 and a 52-week high of $6.59. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.28 and a current ratio of 2.33. The firm has a 50-day moving average of $5.00 and a 200-day moving average of $5.20. The stock has a market cap of $24.55 million, a PE ratio of -7.62 and a beta of 0.70.

Willamette Valley Vineyards (NASDAQ:WVVI) last issued its quarterly earnings data on Tuesday, March 26th. The company reported ($0.15) earnings per share for the quarter. Willamette Valley Vineyards had a negative return on equity of 4.09% and a negative net margin of 3.06%. The business had revenue of $10.75 million during the quarter.

Institutional Investors Weigh In On Willamette Valley Vineyards

Several hedge funds have recently added to or reduced their stakes in the business. UBS Group AG lifted its position in shares of Willamette Valley Vineyards by 102.8% during the 3rd quarter. UBS Group AG now owns 5,140 shares of the company’s stock valued at $32,000 after acquiring an additional 2,605 shares during the period. NewEdge Advisors LLC bought a new stake in Willamette Valley Vineyards during the 2nd quarter valued at $81,000. Creative Planning increased its stake in Willamette Valley Vineyards by 99.4% during the 3rd quarter. Creative Planning now owns 31,100 shares of the company’s stock valued at $183,000 after purchasing an additional 15,500 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Willamette Valley Vineyards by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 213,403 shares of the company’s stock valued at $1,931,000 after purchasing an additional 8,461 shares in the last quarter. 12.24% of the stock is currently owned by institutional investors and hedge funds.

About Willamette Valley Vineyards

Willamette Valley Vineyards, Inc produces and sells wine in the United States and internationally. The company operates through two segments, Direct Sales and Distributor Sales. It primarily offers Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Sauvignon Blanc, Gruner Veltliner, Rose, Brut, Brut Rose, and Riesling branded wines under the Willamette Valley Vineyards label; Semi-Sparkling Muscat branded wine under the Tualatin Estate Vineyards label; Syrah, Merlot, Cabernet Sauvignon, Grenache, Cabernet Franc, Tempranillo, Malbec, The Griffin, and Viognier branded wines under the Griffin Creek label; and Brut, Brut Rose, and Blanc de Blancs under the Domaine Willamette label.