Insider Buying: Hf Foods Group (NASDAQ:HFFG) Director Buys $14,400.00 in Stock

Hf Foods Group Inc. (NASDAQ:HFFG) Director Dennis Lam bought 8,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was bought at an average cost of $1.80 per share, with a total value of $14,400.00. Following the acquisition, the director directly owned 22,384 shares of the company’s stock, valued at approximately $40,291.20. The trade was a 55.62% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Dennis Lam also recently made the following trade(s):

• On Thursday, March 19th, Dennis Lam purchased 100 shares of Hf Foods Group stock. The shares were bought at an average cost of $1.76 per share, for a total transaction of $176.00.

Hf Foods Group Price Performance

HFFG stock opened at $1.88 on Friday. The company has a 50 day simple moving average of $1.89 and a 200 day simple moving average of $2.33. The stock has a market cap of $99.72 million, a price-to-earnings ratio of -2.58, a P/E/G ratio of 0.36 and a beta of 0.42. Hf Foods Group Inc. has a 1 year low of $1.38 and a 1 year high of $4.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.18 and a quick ratio of 0.42.

Hf Foods Group (NASDAQ:HFFG) last issued its earnings results on Monday, March 16th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The company 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%. Research analysts anticipate that Hf Foods Group Inc. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HFFG shares. Roth Mkm cut their price objective on Hf Foods Group from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Hf Foods Group in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded Hf Foods Group from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Hf Foods Group currently has an average rating of “Hold” and a consensus target price of $6.00.

Institutional Trading of Hf Foods Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its position in Hf Foods Group by 37.1% during the 2nd quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock worth $51,000 after purchasing an additional 4,351 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Hf Foods Group by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 54,436 shares of the company’s stock valued at $150,000 after buying an additional 5,640 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Hf Foods Group by 1.4% in 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 during the period. Bridgeway Capital Management LLC raised its position in shares of Hf Foods Group by 6.0% during the third quarter. Bridgeway Capital Management LLC now owns 112,155 shares of the company’s stock worth $310,000 after acquiring an additional 6,337 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake 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 during the period. 24.02% of the stock is currently owned by institutional investors and hedge funds.

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.