Heron Bay Capital Management Makes New $71,000 Investment in Hf Foods Group Inc. $HFFG

Heron Bay Capital Management bought a new stake in Hf Foods Group Inc. (NASDAQ:HFFG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,408 shares of the company’s stock, valued at approximately $71,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HFFG. Choreo LLC acquired a new stake in Hf Foods Group in the first quarter valued at about $56,000. Intech Investment Management LLC purchased a new position in shares of Hf Foods Group during the 2nd quarter worth approximately $61,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Hf Foods Group in the first quarter valued at approximately $115,000. Jane Street Group LLC purchased a new stake in shares of Hf Foods Group in the first quarter valued at approximately $319,000. Finally, Strs Ohio acquired a new position in Hf Foods Group during the first quarter worth $322,000. 24.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on HFFG. Wall Street Zen cut Hf Foods Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hf Foods Group in a research note on Monday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.00.

Hf Foods Group Stock Performance

Shares of HFFG opened at $2.37 on Friday. Hf Foods Group Inc. has a 12-month low of $1.70 and a 12-month high of $4.93. The stock has a market cap of $125.71 million, a P/E ratio of -2.76, a PEG ratio of 0.46 and a beta of 0.52. 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 company has a 50-day moving average of $2.58 and a two-hundred day moving average of $3.12.

Hf Foods Group (NASDAQ:HFFG) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). Hf Foods Group had a positive return on equity of 8.01% and a negative net margin of 3.71%.The business had revenue of $306.98 million for the quarter, compared to analysts’ expectations of $303.41 million. As a group, research analysts predict that Hf Foods Group Inc. will post 0.22 EPS for the current fiscal year.

Hf Foods Group Profile

HF Foods Group Inc, through its subsidiaries, markets and distributes Asian specialty food, seafood, fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States. The company offers seafood, including lobsters, shrimp, crabs, scallops, and fish; Asian specialty food items, including noodles, rice, dried mushrooms and beans, sauces and seasonings, and spring rolls, as well as canned products, such as preserved vegetables, bamboo shoots, and water chestnuts; and meat and poultry products, including beef, pork, chicken, and duck.