Village Farms International (NASDAQ:VFF) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Village Farms International (NASDAQ:VFF) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

A number of other equities research analysts have also recently commented on VFF. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Village Farms International in a research note on Tuesday, January 27th. Zacks Research lowered shares of Village Farms International from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Village Farms International presently has an average rating of “Moderate Buy”.

Village Farms International Stock Up 1.1%

Shares of VFF opened at $3.58 on Friday. Village Farms International has a 52 week low of $0.45 and a 52 week high of $4.99. The company has a quick ratio of 2.17, a current ratio of 2.78 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $413.56 million, a price-to-earnings ratio of 19.89 and a beta of 1.29. The stock’s 50-day moving average price is $3.44 and its 200-day moving average price is $3.29.

Insider Activity

In related news, insider Orville Bovenschen sold 61,586 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $3.30, for a total transaction of $203,233.80. Following the completion of the transaction, the insider owned 50,000 shares in the company, valued at $165,000. This represents a 55.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Village Farms International

Large investors have recently bought and sold shares of the company. AdvisorShares Investments LLC raised its holdings in shares of Village Farms International by 77.0% during the third quarter. AdvisorShares Investments LLC now owns 5,963,842 shares of the company’s stock valued at $18,667,000 after acquiring an additional 2,595,154 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Village Farms International by 187.2% during the third quarter. Two Sigma Investments LP now owns 1,724,648 shares of the company’s stock worth $5,398,000 after purchasing an additional 1,124,085 shares in the last quarter. Millennium Management LLC raised its stake in Village Farms International by 2,050.2% in the 3rd quarter. Millennium Management LLC now owns 1,005,263 shares of the company’s stock valued at $3,146,000 after purchasing an additional 958,511 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in Village Farms International in the 2nd quarter valued at $440,000. Finally, Jump Financial LLC purchased a new position in Village Farms International in the 4th quarter valued at $598,000. 12.15% of the stock is currently owned by hedge funds and other institutional investors.

Village Farms International Company Profile

Village Farms International, Inc is a North American agricultural company specializing in greenhouse cultivation of fresh produce and cannabis. Through its wholly owned operations, the company grows a variety of high-quality vegetables, including tomatoes, cucumbers and sweet peppers, using controlled-environment agriculture techniques designed to maximize yield and sustainability. Village Farms leverages advanced climate and hydroponic systems to deliver consistent year-round supply to major grocery retailers across the United States and Canada.

In its produce segment, Village Farms operates large-scale greenhouse facilities in Texas and Canada.