Willamette Valley Vineyards (NASDAQ:WVVI) CEO Acquires $19,100.00 in Stock

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) CEO Michael Jordan Osborn bought 10,000 shares of the stock in a transaction dated Friday, October 2nd. The stock was purchased at an average price of $1.91 per share, with a total value of $19,100.00. Following the acquisition, the chief executive officer owned 30,000 shares of the company’s stock, valued at $57,300. The trade was a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Willamette Valley Vineyards Stock Down 2.1%

WVVI opened at $1.83 on Thursday. Willamette Valley Vineyards, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $4.00. The firm has a market capitalization of $9.11 million, a P/E ratio of -1.99 and a beta of 0.23. The company’s 50-day moving average is $2.15 and its 200 day moving average is $2.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.92 and a quick ratio of 0.36.

Willamette Valley Vineyards (NASDAQ:WVVI) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.40) earnings per share (EPS) for the quarter. The firm had revenue of $10.04 million during the quarter. Willamette Valley Vineyards had a negative return on equity of 10.31% and a negative net margin of 5.93%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Willamette Valley Vineyards in a research report on Monday, September 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Willamette Valley Vineyards presently has a consensus rating of “Sell”.

Institutional Trading of Willamette Valley Vineyards

A hedge fund recently raised its stake in Willamette Valley Vineyards stock. Northwestern Mutual Wealth Management Co. raised its stake in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) by 108,584.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 342,357 shares of the company’s stock after acquiring an additional 342,042 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 6.90% of Willamette Valley Vineyards worth $1,044,000 as of its most recent filing with the Securities & Exchange Commission. 12.24% of the stock is owned by institutional investors and hedge funds.

Willamette Valley Vineyards Company Profile

Willamette Valley Vineyards, Inc is an Oregon-based wine producer and vineyard operator founded in 1983 by Jim Bernau. The company focuses on wines made from grapes grown in Oregon’s Willamette Valley, a region known particularly for Pinot Noir. Its portfolio also includes varieties such as Pinot Gris, Chardonnay, Riesling and other wines produced under its family of brands.

The company operates vineyards, wineries and tasting-room facilities in Oregon and sells its products through tasting rooms, direct-to-consumer channels, wine clubs, online sales and wholesale distribution.