Willamette Valley Vineyards (NASDAQ:WVVI) Announces Quarterly Earnings Results

Willamette Valley Vineyards (NASDAQ:WVVI) announced its quarterly earnings results on Wednesday. The company reported ($0.24) earnings per share for the quarter, Zacks reports. Willamette Valley Vineyards had a negative net margin of 2.47% and a negative return on equity of 3.90%.

Willamette Valley Vineyards Price Performance

Shares of NASDAQ:WVVI traded up $0.11 on Wednesday, hitting $2.76. The stock had a trading volume of 5,246 shares, compared to its average volume of 4,274. The firm’s 50 day moving average price is $2.68 and its 200-day moving average price is $2.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.39 and a current ratio of 2.70. Willamette Valley Vineyards has a twelve month low of $2.49 and a twelve month high of $7.18. The company has a market capitalization of $13.74 million, a price-to-earnings ratio of -4.38 and a beta of 0.19.

Hedge Funds Weigh In On Willamette Valley Vineyards

Several institutional investors have recently added to or reduced their stakes in WVVI. Susquehanna International Group LLP acquired a new position in Willamette Valley Vineyards in the third quarter valued at about $39,000. Raymond James Financial Inc. acquired a new stake in shares of Willamette Valley Vineyards during the second quarter worth approximately $41,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Willamette Valley Vineyards in the fourth quarter valued at approximately $48,000. 12.24% of the stock is owned by institutional investors.

About Willamette Valley Vineyards

Willamette Valley Vineyards, Inc (NASDAQ: WVVI) is an Oregon-based winery specializing in the cultivation, production and marketing of premium cool-climate wines. The company’s core business activities encompass estate vineyard management, winemaking, and direct-to-consumer sales through tasting rooms and wine clubs. Its portfolio features key varietals such as Pinot Noir, Pinot Gris, Chardonnay and Riesling, reflecting the unique terroir of the Willamette Valley American Viticultural Area (AVA).

Founded in 1983 by Jim Bernau, Willamette Valley Vineyards has grown from a small family operation into one of the leading publicly traded wineries in the United States.