Willamette Valley Vineyards (NASDAQ:WVVI) Stock: Insider Michael Jordan Osborn Purchases 10,000 Shares

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) CEO Michael Jordan Osborn acquired 10,000 shares of Willamette Valley Vineyards stock in a transaction dated Friday, October 2nd. The shares were bought at an average cost of $1.91 per share, with a total value of $19,100.00. Following the transaction, the chief executive officer owned 30,000 shares in the company, valued at approximately $57,300. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Willamette Valley Vineyards Stock Performance

NASDAQ:WVVI opened at $1.87 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.58. Willamette Valley Vineyards, Inc. has a twelve month low of $1.65 and a twelve month high of $4.00. The company has a fifty day moving average of $2.17 and a 200-day moving average of $2.51. The firm has a market capitalization of $9.31 million, a P/E ratio of -2.03 and a beta of 0.23.

Willamette Valley Vineyards (NASDAQ:WVVI) last issued its earnings results on Wednesday, August 12th. The company reported ($0.40) earnings per share (EPS) for the quarter. The company 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

An institutional investor recently raised its stake in Willamette Valley Vineyards stock. Northwestern Mutual Wealth Management Co. raised its stake in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) by 108,584.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 342,357 shares of the company’s stock after purchasing an additional 342,042 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 6.90% of Willamette Valley Vineyards worth $1,044,000 as of its most recent filing with the Securities & Exchange Commission. 12.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Willamette Valley Vineyards Company Profile

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.