Horrell Capital Management Inc. Purchases 27,684 Shares of Westrock Coffee (NASDAQ:WEST)

Horrell Capital Management Inc. increased its holdings in Westrock Coffee (NASDAQ:WEST) by 31.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,665 shares of the company’s stock after buying an additional 27,684 shares during the period. Horrell Capital Management Inc. owned 0.12% of Westrock Coffee worth $743,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Westrock Coffee by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,653 shares of the company’s stock valued at $1,827,000 after acquiring an additional 2,010 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Westrock Coffee by 26.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 24,578 shares of the company’s stock valued at $159,000 after purchasing an additional 5,200 shares in the last quarter. Blue Trust Inc. lifted its position in Westrock Coffee by 62.7% during the fourth quarter. Blue Trust Inc. now owns 18,107 shares of the company’s stock valued at $118,000 after purchasing an additional 6,981 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Westrock Coffee in the 4th quarter worth approximately $47,000. Finally, Atom Investors LP bought a new position in shares of Westrock Coffee in the 3rd quarter worth $70,000. Institutional investors own 45.08% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on WEST shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $9.00 price objective on shares of Westrock Coffee in a report on Wednesday, March 12th. Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of Westrock Coffee in a research note on Friday, March 14th.

Insider Buying and Selling

In related news, COO William A. Ford acquired 15,000 shares of Westrock Coffee stock in a transaction dated Friday, March 14th. The shares were purchased at an average cost of $6.45 per share, with a total value of $96,750.00. Following the completion of the purchase, the chief operating officer now owns 476,190 shares of the company’s stock, valued at $3,071,425.50. This represents a 3.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.10% of the stock is owned by corporate insiders.

Westrock Coffee Trading Up 5.7 %

Shares of WEST opened at $6.89 on Monday. Westrock Coffee has a fifty-two week low of $5.28 and a fifty-two week high of $10.99. The firm has a market cap of $649.23 million, a price-to-earnings ratio of -8.01 and a beta of 0.59. The firm has a 50 day moving average price of $6.51 and a 200-day moving average price of $6.76. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39.

About Westrock Coffee

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.