Hf Foods Group (NASDAQ:HFFG) CEO Xi Lin Acquires 8,367 Shares

Hf Foods Group Inc. (NASDAQ:HFFG) CEO Xi Lin purchased 8,367 shares of the business’s 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 owned 424,171 shares of the company’s stock, valued at approximately $763,507.80. This represents a 2.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Hf Foods Group Stock Down 2.5%

Shares of HFFG stock traded down $0.05 on Thursday, hitting $1.79. 23,132 shares of the stock were exchanged, compared to its average volume of 185,186. The company has a current ratio of 1.18, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $94.68 million, a P/E ratio of -2.47, a price-to-earnings-growth ratio of 0.26 and a beta of 0.42. Hf Foods Group Inc. has a fifty-two week low of $1.38 and a fifty-two week high of $4.93. The business has a 50-day moving average of $1.91 and a 200 day moving average of $2.35.

Hf Foods Group (NASDAQ:HFFG) last released its earnings results on Monday, March 16th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). Hf Foods Group had a negative net margin of 3.16% and a positive return on equity of 6.83%. The firm had revenue of $308.02 million during the quarter, compared to the consensus estimate of $308.37 million. Equities analysts anticipate that Hf Foods Group Inc. will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Hf Foods Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Abel Hall LLC bought a new position in shares of Hf Foods Group in the fourth quarter valued at $26,000. Virtu Financial LLC acquired a new position in Hf Foods Group during the third quarter worth $39,000. HRT Financial LP bought a new stake in Hf Foods Group during the fourth quarter worth $40,000. Tower Research Capital LLC TRC lifted its stake in Hf Foods Group by 192.7% in the second quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company’s stock valued at $40,000 after acquiring an additional 8,197 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Hf Foods Group by 37.1% in the second quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock valued at $51,000 after acquiring an additional 4,351 shares during the last quarter. Institutional investors own 24.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HFFG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hf Foods Group in a research report on Monday, December 29th. Roth Mkm cut their price target on shares of Hf Foods Group from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Hf Foods Group Company Profile

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.