35,200 Shares in Village Farms International Inc (TSE:VFF) Purchased by FIL Ltd

FIL Ltd purchased a new stake in Village Farms International Inc (TSE:VFF) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,200 shares of the company’s stock, valued at approximately $665,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CIBC Private Wealth Group LLC acquired a new position in Village Farms International in the 1st quarter valued at $350,000. Advisor Group Inc. acquired a new position in Village Farms International in the 1st quarter valued at $72,000. Riggs Asset Managment Co. Inc. acquired a new position in Village Farms International in the 1st quarter valued at $69,000. Signition LP acquired a new position in Village Farms International in the 1st quarter valued at $364,000. Finally, Cowen Prime Services LLC acquired a new position in Village Farms International in the 1st quarter valued at $97,000.

VFF opened at C$15.57 on Friday. The firm has a market cap of $764.67 million and a PE ratio of 213.29. Village Farms International Inc has a 52-week low of C$3.98 and a 52-week high of C$24.25. The company has a current ratio of 2.28, a quick ratio of 1.11 and a debt-to-equity ratio of 40.77.

Village Farms International (TSE:VFF) last released its earnings results on Thursday, May 9th. The company reported C$0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.04 by C$0.17. The company had revenue of C$42.40 million for the quarter, compared to analyst estimates of C$38.20 million. Equities analysts forecast that Village Farms International Inc will post 0.74 earnings per share for the current year.

A number of brokerages have commented on VFF. Beacon Securities upped their price objective on Village Farms International from C$32.00 to C$60.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. GMP Securities reaffirmed an “average” rating and issued a C$17.00 price objective on shares of Village Farms International in a report on Tuesday, March 5th.

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Village Farms International Company Profile

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

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

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