Hilton Capital Management LLC Acquires Shares of 50,000 Village Farms International Inc (TSE:VFF)

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Hilton Capital Management LLC acquired a new stake in Village Farms International Inc (TSE:VFF) during the first quarter, HoldingsChannel.com reports. The fund acquired 50,000 shares of the company’s stock, valued at approximately $701,000.

A number of other large investors have also recently made changes to their positions in the stock. Horrell Capital Management Inc. acquired a new stake in Village Farms International in the first quarter valued at approximately $28,000. Riggs Asset Managment Co. Inc. acquired a new stake in Village Farms International in the first quarter valued at approximately $69,000. Advisor Group Inc. acquired a new stake in Village Farms International in the first quarter valued at approximately $72,000. Cowen Prime Services LLC acquired a new stake in Village Farms International in the first quarter valued at approximately $97,000. Finally, Perkins Capital Management Inc. acquired a new stake in Village Farms International in the first quarter valued at approximately $168,000.

Village Farms International stock traded down C$0.06 during mid-day trading on Friday, reaching C$17.08. The company had a trading volume of 123,405 shares, compared to its average volume of 1,733,345. Village Farms International Inc has a fifty-two week low of C$3.98 and a fifty-two week high of C$24.25. The company has a debt-to-equity ratio of 40.77, a current ratio of 2.28 and a quick ratio of 1.11. The firm has a market capitalization of $835.89 million and a P/E ratio of 232.05.

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

VFF has been the topic of a number of research analyst reports. Beacon Securities raised their target price on shares of Village Farms International from C$16.00 to C$32.00 and gave the company a “buy” rating in a research report on Friday, February 22nd. GMP Securities restated an “average” rating and issued a C$17.00 target price on shares of Village Farms International in a research report on Tuesday, March 5th.

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Village Farms International 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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