Xi Lin Buys 8,367 Shares of Hf Foods Group (NASDAQ:HFFG) Stock

Hf Foods Group Inc. (NASDAQ:HFFG) CEO Xi Lin purchased 8,367 shares of the stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average price of $1.80 per share, for a total transaction of $15,060.60. Following the completion of the acquisition, the chief executive officer directly owned 424,171 shares in the company, valued at approximately $763,507.80. This represents a 2.01% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hf Foods Group Stock Up 2.5%

Shares of NASDAQ HFFG traded up $0.05 during trading hours on Wednesday, hitting $1.83. 231,178 shares of the stock were exchanged, compared to its average volume of 186,330. Hf Foods Group Inc. has a 12 month low of $1.38 and a 12 month high of $4.93. The firm has a fifty day moving average price of $1.91 and a 200-day moving average price of $2.35. The company has a quick ratio of 0.42, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. The company has a market cap of $96.81 million, a PE ratio of -2.52, a PEG ratio of 0.31 and a beta of 0.42.

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

Institutional Trading of Hf Foods Group

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Hf Foods Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 2,160,737 shares of the company’s stock worth $5,964,000 after acquiring an additional 20,181 shares during the period. Geode Capital Management LLC boosted its position in Hf Foods Group by 1.7% during the second quarter. Geode Capital Management LLC now owns 954,648 shares of the company’s stock worth $3,036,000 after purchasing an additional 15,714 shares in the last quarter. Dimensional Fund Advisors LP grew 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 purchasing an additional 5,708 shares during the period. Russell Investments Group Ltd. grew its holdings 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 purchasing an additional 346,010 shares during the period. Finally, Rothschild Wealth LLC acquired a new position in shares of Hf Foods Group during the 4th quarter worth approximately $456,000. 24.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Roth Mkm lowered their price objective on shares of Hf Foods Group from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Hf Foods Group in a research note on Monday, December 29th. One equities 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, Hf Foods Group has a consensus rating of “Hold” and an average price target of $6.00.

About Hf Foods Group

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.