Insider Buying: Hf Foods Group (NASDAQ:HFFG) CEO Acquires $15,060.60 in Stock

Hf Foods Group Inc. (NASDAQ:HFFG) CEO Xi Lin acquired 8,367 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 424,171 shares in the company, valued at $763,507.80. The trade was a 2.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hf Foods Group Trading Up 1.6%

Hf Foods Group stock opened at $1.88 on Friday. Hf Foods Group Inc. has a 52-week low of $1.38 and a 52-week high of $4.93. The company has a quick ratio of 0.42, a current ratio of 1.18 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $99.72 million, a price-to-earnings ratio of -2.58, a PEG ratio of 0.35 and a beta of 0.42. The firm has a 50-day moving average price of $1.89 and a two-hundred day moving average price of $2.33.

Hf Foods Group (NASDAQ:HFFG) last announced its quarterly 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). The firm had revenue of $308.02 million during the quarter, compared to analyst estimates of $308.37 million. Hf Foods Group had a negative net margin of 3.16% and a positive return on equity of 6.83%. Sell-side analysts expect that Hf Foods Group Inc. will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Abel Hall LLC bought a new stake in Hf Foods Group during the fourth quarter worth approximately $26,000. Virtu Financial LLC bought a new position in Hf Foods Group during the 3rd quarter valued at $39,000. HRT Financial LP bought a new position in Hf Foods Group during the 4th quarter valued at $40,000. Tower Research Capital LLC TRC increased its position in shares of Hf Foods Group by 192.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company’s stock valued at $40,000 after purchasing an additional 8,197 shares during the period. Finally, Invesco Ltd. increased its position in shares of Hf Foods Group by 37.1% during the 2nd quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock valued at $51,000 after purchasing an additional 4,351 shares during the period. Institutional investors and hedge funds own 24.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Hf Foods Group in a research report on Monday, December 29th. Wall Street Zen cut Hf Foods Group from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Roth Mkm lowered their price target on Hf Foods Group from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to 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.