iA Global Asset Management Inc. Takes $440,000 Position in Village Farms International, Inc. $VFF

iA Global Asset Management Inc. purchased a new stake in Village Farms International, Inc. (NASDAQ:VFF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 400,130 shares of the company’s stock, valued at approximately $440,000.

Other institutional investors also recently modified their holdings of the company. Stephens Inc. AR raised its position in shares of Village Farms International by 50.6% in the second quarter. Stephens Inc. AR now owns 59,500 shares of the company’s stock valued at $65,000 after purchasing an additional 20,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Village Farms International by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 737,574 shares of the company’s stock valued at $446,000 after purchasing an additional 35,913 shares during the period. Key Client Fiduciary Advisors LLC raised its position in shares of Village Farms International by 1.7% in the second quarter. Key Client Fiduciary Advisors LLC now owns 687,285 shares of the company’s stock valued at $756,000 after purchasing an additional 11,320 shares during the period. Perkins Capital Management Inc. raised its position in shares of Village Farms International by 21.1% in the first quarter. Perkins Capital Management Inc. now owns 1,318,500 shares of the company’s stock valued at $798,000 after purchasing an additional 230,000 shares during the period. Finally, AdvisorShares Investments LLC raised its position in shares of Village Farms International by 0.8% in the second quarter. AdvisorShares Investments LLC now owns 3,368,688 shares of the company’s stock valued at $3,706,000 after purchasing an additional 25,880 shares during the period. Institutional investors own 12.15% of the company’s stock.

Village Farms International Trading Down 5.4%

Shares of VFF stock opened at $3.00 on Wednesday. Village Farms International, Inc. has a 1 year low of $0.45 and a 1 year high of $3.79. The firm’s fifty day simple moving average is $2.99 and its 200 day simple moving average is $1.93. The firm has a market capitalization of $337.93 million, a P/E ratio of 33.34 and a beta of 2.24. The company has a current ratio of 2.65, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11.

Village Farms International (NASDAQ:VFF) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.12. Village Farms International had a net margin of 3.42% and a negative return on equity of 2.24%. The firm had revenue of $59.90 million for the quarter, compared to the consensus estimate of $48.86 million. As a group, sell-side analysts predict that Village Farms International, Inc. will post -0.15 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VFF shares. Wall Street Zen raised shares of Village Farms International from a “sell” rating to a “buy” rating in a research report on Sunday, August 17th. Zacks Research lowered shares of Village Farms International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Village Farms International in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Village Farms International Profile

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.