Perkins Capital Management Inc. Acquires 24,500 Shares of Village Farms International, Inc. (NASDAQ:VFF)

Perkins Capital Management Inc. raised its holdings in Village Farms International, Inc. (NASDAQ:VFFGet Rating) by 15.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,050 shares of the company’s stock after buying an additional 24,500 shares during the quarter. Perkins Capital Management Inc.’s holdings in Village Farms International were worth $961,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VFF. KRS Capital Management LLC bought a new stake in Village Farms International in the 4th quarter valued at $38,000. Shell Asset Management Co. grew its holdings in shares of Village Farms International by 46.7% in the 4th quarter. Shell Asset Management Co. now owns 8,211 shares of the company’s stock worth $53,000 after purchasing an additional 2,613 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Village Farms International in the 4th quarter worth about $55,000. Bourgeon Capital Management LLC grew its holdings in shares of Village Farms International by 28.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 9,153 shares of the company’s stock worth $59,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Village Farms International by 96.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,200 shares of the company’s stock worth $65,000 after purchasing an additional 5,000 shares during the last quarter. 30.82% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on VFF shares. Cantor Fitzgerald lowered their target price on shares of Village Farms International from $12.75 to $9.30 and set an “overweight” rating on the stock in a report on Monday, March 7th. Alliance Global Partners lowered their target price on shares of Village Farms International from $17.00 to $10.00 in a report on Tuesday, May 10th. Raymond James lowered shares of Village Farms International from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $16.00 to $14.00 in a report on Wednesday, May 11th. Stifel Nicolaus downgraded shares of Village Farms International from a “buy” rating to a “hold” rating in a research report on Friday, March 4th. Finally, Craig Hallum reduced their price target on shares of Village Farms International from $15.00 to $5.00 in a research report on Wednesday, May 11th.

NASDAQ VFF traded down $0.07 on Thursday, hitting $2.69. 21,034 shares of the company were exchanged, compared to its average volume of 748,474. The firm has a 50 day moving average of $3.29 and a two-hundred day moving average of $4.70. The company has a market cap of $238.23 million, a P/E ratio of -30.67 and a beta of 3.08. The company has a current ratio of 2.38, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14. Village Farms International, Inc. has a 1-year low of $2.52 and a 1-year high of $11.08.

Village Farms International (NASDAQ:VFFGet Rating) last released its earnings results on Tuesday, May 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Village Farms International had a negative net margin of 2.87% and a negative return on equity of 2.13%. The business had revenue of $70.16 million for the quarter, compared to analyst estimates of $69.70 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Research analysts anticipate that Village Farms International, Inc. will post -0.19 EPS for the current fiscal year.

Village Farms International Profile (Get Rating)

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 four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also owns and operates a power plant that generates and sells electricity, and provides thermal heat to British Columbia Hydro and Power Authority; produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; and develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications.

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

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