Hf Foods Group (NASDAQ:HFFG) Director Dennis Lam Purchases 8,000 Shares

Hf Foods Group Inc. (NASDAQ:HFFG) Director Dennis Lam purchased 8,000 shares of Hf Foods Group stock in a transaction dated Wednesday, March 18th. The stock was bought at an average price of $1.80 per share, with a total value of $14,400.00. Following the completion of the transaction, the director owned 22,384 shares of the company’s stock, valued at $40,291.20. This represents a 55.62% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Dennis Lam also recently made the following trade(s):

• On Thursday, March 19th, Dennis Lam acquired 100 shares of Hf Foods Group stock. The shares were bought at an average cost of $1.76 per share, for a total transaction of $176.00.

Hf Foods Group Price Performance

HFFG stock traded up $0.02 during mid-day trading on Thursday, reaching $1.85. 215,954 shares of the company traded hands, compared to its average volume of 188,910. The company has a fifty day moving average price of $1.91 and a 200-day moving average price of $2.35. Hf Foods Group Inc. has a 52-week low of $1.38 and a 52-week high of $4.93. The company has a market capitalization of $98.12 million, a P/E ratio of -2.53, a P/E/G ratio of 0.26 and a beta of 0.42. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.18 and a quick ratio of 0.42.

Hf Foods Group (NASDAQ:HFFG) last announced its quarterly earnings results on Monday, March 16th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). Hf Foods Group had a positive return on equity of 6.83% and a negative net margin of 3.16%.The firm had revenue of $308.02 million during the quarter, compared to analysts’ expectations of $308.37 million. As a group, analysts anticipate that Hf Foods Group Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Hf Foods Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HFFG. Vanguard Group Inc. increased its holdings in shares of Hf Foods Group by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,160,737 shares of the company’s stock worth $5,964,000 after buying an additional 20,181 shares during the last quarter. Geode Capital Management LLC grew its position in Hf Foods Group by 1.7% in the second quarter. Geode Capital Management LLC now owns 954,648 shares of the company’s stock worth $3,036,000 after acquiring an additional 15,714 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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. Russell Investments Group Ltd. increased its stake in Hf Foods Group by 9,703.0% in the fourth quarter. Russell Investments Group Ltd. now owns 349,576 shares of the company’s stock valued at $752,000 after acquiring an additional 346,010 shares during the last quarter. Finally, Rothschild Wealth LLC purchased a new stake in Hf Foods Group during the fourth quarter valued at about $456,000. Hedge funds and other institutional investors own 24.02% of the company’s stock.

Wall Street Analyst Weigh In

HFFG has been the topic of a number of recent analyst reports. Roth Mkm lowered their price objective on Hf Foods Group from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Hf Foods Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hf Foods Group currently has a consensus rating of “Hold” and an average price target of $6.00.

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.