Hf Foods Group Inc. (NASDAQ:HFFG) Sees Large Decline in Short Interest

Hf Foods Group Inc. (NASDAQ:HFFG) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 323,207 shares, a decline of 71.5% from the June 15th total of 1,135,223 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 654,796 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Hf Foods Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. lifted its holdings in shares of Hf Foods Group by 37.1% during the second 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 last quarter. JPMorgan Chase & Co. raised its holdings in Hf Foods Group by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 54,436 shares of the company’s stock worth $150,000 after buying an additional 5,640 shares during the period. Dimensional Fund Advisors LP lifted its stake in Hf Foods Group by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 420,812 shares of the company’s stock valued at $1,161,000 after buying an additional 5,708 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Hf Foods Group by 6.0% in the third quarter. Bridgeway Capital Management LLC now owns 112,155 shares of the company’s stock worth $310,000 after buying an additional 6,337 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Hf Foods Group by 10.1% in the fourth quarter. Empowered Funds LLC now owns 80,713 shares of the company’s stock worth $174,000 after acquiring an additional 7,384 shares in the last quarter. Institutional investors and hedge funds own 24.02% of the company’s stock.

Hf Foods Group Price Performance

Shares of HFFG traded down $0.08 during mid-day trading on Friday, hitting $1.64. The company’s stock had a trading volume of 110,067 shares, compared to its average volume of 400,946. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.11 and a quick ratio of 0.49. The firm has a 50-day moving average price of $1.86 and a 200 day moving average price of $1.93. Hf Foods Group has a fifty-two week low of $1.38 and a fifty-two week high of $3.87. The stock has a market capitalization of $87.69 million, a price-to-earnings ratio of -2.41, a PEG ratio of 0.45 and a beta of 0.59.

Hf Foods Group (NASDAQ:HFFG) last released its earnings results on Monday, May 11th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $312.00 million during the quarter, compared to analyst estimates of $307.36 million. Hf Foods Group had a negative net margin of 2.90% and a positive return on equity of 6.94%. On average, research analysts predict that Hf Foods Group will post 0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Roth Capital reissued a “buy” rating on shares of Hf Foods Group in a research note on Wednesday, April 29th. Wall Street Zen cut shares of Hf Foods Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Alliance Global Partners began coverage on shares of Hf Foods Group in a report on Thursday, April 16th. They issued a “buy” rating and a $5.00 price objective for the company. Finally, Weiss Ratings lowered shares of Hf Foods Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.50.

About Hf Foods Group

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.