Hf Foods Group (NASDAQ:HFFG) CEO Buys $15,060.60 in Stock

Hf Foods Group Inc. (NASDAQ:HFFG) CEO Xi Lin purchased 8,367 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average cost of $1.80 per share, with a total value of $15,060.60. Following the acquisition, the chief executive officer owned 424,171 shares in the company, valued at $763,507.80. This represents a 2.01% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hf Foods Group Price Performance

NASDAQ:HFFG traded up $0.05 during trading hours on Wednesday, reaching $1.83. 231,178 shares of the company were exchanged, compared to its average volume of 186,330. The company has a current ratio of 1.19, a quick ratio of 0.42 and a debt-to-equity ratio of 0.53. The firm has a market cap of $96.81 million, a PE ratio of -2.52, a price-to-earnings-growth ratio of 0.31 and a beta of 0.42. Hf Foods Group Inc. has a twelve month low of $1.38 and a twelve month high of $4.93. The stock’s 50-day moving average is $1.91 and its 200-day moving average is $2.35.

Hf Foods Group (NASDAQ:HFFG) last released its quarterly earnings results on Monday, March 16th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05). The company had revenue of $308.02 million for the quarter, compared to analyst estimates of $308.37 million. Hf Foods Group had a positive return on equity of 6.57% and a negative net margin of 3.16%. On average, sell-side analysts anticipate that Hf Foods Group Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hf Foods Group in a research report on Monday, December 29th. Roth Mkm reduced their target price on shares of Hf Foods Group from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.00.

Institutional Trading of Hf Foods Group

Several large investors have recently added to or reduced their stakes in HFFG. Invesco Ltd. increased its position in Hf Foods Group by 37.1% during the second quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock worth $51,000 after purchasing an additional 4,351 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Hf Foods Group by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 54,436 shares of the company’s stock valued at $150,000 after buying an additional 5,640 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Hf Foods Group by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 420,812 shares of the company’s stock valued at $1,161,000 after acquiring an additional 5,708 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in Hf Foods Group by 6.0% in the third quarter. Bridgeway Capital Management LLC now owns 112,155 shares of the company’s stock valued at $310,000 after acquiring an additional 6,337 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Hf Foods Group by 10.1% in the fourth quarter. Empowered Funds LLC now owns 80,713 shares of the company’s stock worth $174,000 after acquiring an additional 7,384 shares during the period. 24.02% of the stock is currently owned by hedge funds and other institutional investors.

Hf Foods Group Company Profile

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company’s product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.