Insider Buying: Village Farms International, Inc. (NASDAQ:VFF) Director Purchases 14,200 Shares of Stock

Village Farms International, Inc. (NASDAQ:VFF) Director John R. Mclernon purchased 14,200 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $0.77 per share, for a total transaction of $10,934.00. Following the completion of the transaction, the director now directly owns 15,800 shares of the company’s stock, valued at approximately $12,166. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Village Farms International Trading Down 6.6 %

Shares of NASDAQ VFF traded down $0.09 during trading on Friday, reaching $1.27. The stock had a trading volume of 1,152,018 shares, compared to its average volume of 824,980. The business’s 50-day moving average price is $0.95 and its 200-day moving average price is $0.84. The company has a current ratio of 2.10, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13. Village Farms International, Inc. has a fifty-two week low of $0.55 and a fifty-two week high of $1.57.

Village Farms International (NASDAQ:VFF) last posted its earnings results on Wednesday, March 13th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Village Farms International had a negative net margin of 11.13% and a negative return on equity of 5.58%. The company had revenue of $74.23 million during the quarter, compared to analysts’ expectations of $70.03 million. As a group, analysts forecast that Village Farms International, Inc. will post -0.06 earnings per share for the current year.

Analyst Ratings Changes

Separately, Craig Hallum lifted their price target on Village Farms International from $1.00 to $1.20 and gave the stock a “buy” rating in a report on Thursday, March 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers purchased a new stake in shares of Village Farms International during the 1st quarter worth approximately $25,000. Raymond James Trust N.A. raised its position in shares of Village Farms International by 94.4% during the 4th quarter. Raymond James Trust N.A. now owns 37,063 shares of the company’s stock worth $28,000 after purchasing an additional 18,000 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in Village Farms International in the 2nd quarter valued at approximately $30,000. NewEdge Advisors LLC raised its holdings in shares of Village Farms International by 87.5% in the first quarter. NewEdge Advisors LLC now owns 37,511 shares of the company’s stock worth $31,000 after acquiring an additional 17,500 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of Village Farms International by 31.0% in the second quarter. Stephens Inc. AR now owns 55,000 shares of the company’s stock worth $33,000 after acquiring an additional 13,000 shares during the last quarter. 12.15% of the stock is currently owned by hedge funds and other institutional investors.

About Village Farms International

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells 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 produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.