Commonwealth Equity Services LLC Acquires 3,509 Shares of Village Farms International, Inc. (NASDAQ:VFF)

Commonwealth Equity Services LLC increased its holdings in shares of Village Farms International, Inc. (NASDAQ:VFF) by 16.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,522 shares of the company’s stock after buying an additional 3,509 shares during the period. Commonwealth Equity Services LLC’s holdings in Village Farms International were worth $324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP bought a new stake in Village Farms International in the first quarter valued at approximately $26,000. Van ECK Associates Corp bought a new stake in Village Farms International in the fourth quarter valued at approximately $28,000. Toronto Dominion Bank increased its stake in Village Farms International by 34.1% in the fourth quarter. Toronto Dominion Bank now owns 10,069 shares of the company’s stock valued at $102,000 after purchasing an additional 2,562 shares in the last quarter. Scotia Capital Inc. bought a new stake in Village Farms International in the fourth quarter valued at approximately $113,000. Finally, Navis Wealth Advisors LLC bought a new stake in Village Farms International in the fourth quarter valued at approximately $142,000. 27.91% of the stock is owned by institutional investors and hedge funds.

NASDAQ:VFF opened at $10.56 on Friday. Village Farms International, Inc. has a 52 week low of $4.27 and a 52 week high of $20.32. The company has a market capitalization of $857.38 million, a price-to-earnings ratio of 528.26 and a beta of 3.65. The business’s 50-day simple moving average is $10.50. The company has a current ratio of 3.82, a quick ratio of 3.02 and a debt-to-equity ratio of 0.16.

Village Farms International (NASDAQ:VFF) last released its quarterly earnings results on Tuesday, March 16th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. Village Farms International had a net margin of 0.02% and a return on equity of 1.07%. The business had revenue of $47.36 million for the quarter, compared to analyst estimates of $42.96 million. As a group, analysts anticipate that Village Farms International, Inc. will post -0.02 EPS for the current fiscal year.

In other Village Farms International news, Director John R. Mclernon sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, March 31st. The shares were sold at an average price of $13.29, for a total value of $106,320.00. Following the transaction, the director now directly owns 31,000 shares of the company’s stock, valued at approximately $411,990. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen C. Ruffini sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, April 14th. The shares were sold at an average price of $11.60, for a total transaction of $812,000.00. Following the completion of the transaction, the chief financial officer now directly owns 369,200 shares in the company, valued at $4,282,720. The disclosure for this sale can be found here. 14.10% of the stock is currently owned by company insiders.

Several brokerages have commented on VFF. Craig Hallum lowered their target price on shares of Village Farms International from $25.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, May 11th. Raymond James set a $26.00 price objective on shares of Village Farms International and gave the stock a “strong-buy” rating in a research report on Wednesday, May 12th. Cantor Fitzgerald increased their price objective on shares of Village Farms International from $8.70 to $11.50 and gave the stock a “neutral” rating in a research report on Monday. Zacks Investment Research downgraded shares of Village Farms International from a “hold” rating to a “sell” rating in a research report on Thursday, April 29th. Finally, Stifel Nicolaus lowered their price objective on shares of Village Farms International from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, May 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Village Farms International presently has an average rating of “Buy” and a consensus target price of $18.61.

About Village Farms International

Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through three segments: Produce Business, Energy Business, and Cannabis and Hemp Business. The company also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority; and produces and supplies cannabis products.

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Institutional Ownership by Quarter for Village Farms International (NASDAQ:VFF)

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