Willamette Valley Vineyards (NASDAQ:WVVI) CEO Michael Jordan Osborn Buys 10,000 Shares of Stock

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) CEO Michael Jordan Osborn purchased 10,000 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were purchased at an average price of $1.91 per share, with a total value of $19,100.00. Following the completion of the purchase, the chief executive officer directly 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 Securities & Exchange Commission, which is available at this hyperlink.

Willamette Valley Vineyards Stock Performance

Willamette Valley Vineyards stock opened at $2.00 on Tuesday. The company has a market cap of $9.96 million, a price-to-earnings ratio of -2.17 and a beta of 0.23. Willamette Valley Vineyards, Inc. has a 12 month low of $1.65 and a 12 month high of $4.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.92 and a quick ratio of 0.36. The stock’s 50-day moving average is $2.18 and its 200-day moving average is $2.52.

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

Hedge Funds Weigh In On Willamette Valley Vineyards

A hedge fund recently raised its stake in Willamette Valley Vineyards stock. Northwestern Mutual Wealth Management Co. raised its position in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) by 108,584.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 6.90% of Willamette Valley Vineyards worth $1,044,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 12.24% of the company’s stock.

Analysts Set New Price Targets

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

About Willamette Valley Vineyards

Willamette Valley Vineyards is an Oregon-based wine producer that makes and sells premium wines, with a focus on Pinot Noir and other varieties suited to the Pacific Northwest. Its portfolio also includes Pinot Gris, Chardonnay, Riesling and other wines produced from grapes grown in Oregon’s Willamette Valley and surrounding regions.

Founded in 1988 by Jim Bernau, the company operates estate vineyards, wineries and tasting-room facilities in Oregon. Its business includes wine production, direct-to-consumer sales, wine clubs, tasting experiences and hospitality services.