Hexagon Capital Partners LLC has acquired a new position in Westrock Coffee, joining other institutional investors and hedge funds that have also made changes to their positions in the company. According to the company's 13F filing with the SEC, Hexagon Capital Partners acquired 4,000 shares of Westrock Coffee's stock, valued at approximately $41,000, in the first quarter. Other investors, such as Horrell Capital Management Inc., Gladius Capital Management LP, DAVENPORT & Co LLC, and Tower Research Capital LLC TRC, have also increased their stakes in the company.
As of now, institutional investors and hedge funds own 45.08% of the stock. Meanwhile, analysts have issued reports on Westrock Coffee, with Telsey Advisory Group and Benchmark reiterating their "outperform" and "buy" ratings, respectively, and setting target prices of $14.00 and $12.00. The company's stock has a 50-day moving average price of $10.32 and a 200-day moving average price of $10.18. Westrock Coffee last announced its earnings results on May 9th, reporting a loss of $0.13 per share, missing the consensus estimate.
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