Bridgeway Capital Management LLC Takes Position in Coffee Holding Co., Inc. (NASDAQ:JVA)

Bridgeway Capital Management LLC purchased a new stake in shares of Coffee Holding Co., Inc. (NASDAQ:JVA) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 21,316 shares of the company’s stock, valued at approximately $73,000.

Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Coffee by 153.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock worth $110,000 after buying an additional 19,518 shares during the last quarter. Quinn Opportunity Partners LLC lifted its position in Coffee by 37.1% in the 4th quarter. Quinn Opportunity Partners LLC now owns 55,477 shares of the company’s stock worth $190,000 after buying an additional 15,000 shares during the last quarter. Renaissance Technologies LLC lifted its position in Coffee by 15.9% in the 4th quarter. Renaissance Technologies LLC now owns 381,964 shares of the company’s stock worth $1,306,000 after buying an additional 52,500 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in Coffee in the 4th quarter worth approximately $120,000. Finally, Empowered Funds LLC bought a new stake in Coffee in the 4th quarter worth approximately $69,000.

Coffee Price Performance

Shares of Coffee stock opened at $3.53 on Wednesday. The business’s 50 day simple moving average is $3.95 and its two-hundred day simple moving average is $4.10. The stock has a market capitalization of $20.15 million, a P/E ratio of 9.05 and a beta of 1.28. Coffee Holding Co., Inc. has a one year low of $1.23 and a one year high of $9.93.

Coffee (NASDAQ:JVA) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.20 EPS for the quarter. The business had revenue of $21.31 million for the quarter. Coffee had a return on equity of 8.97% and a net margin of 2.82%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Coffee from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

About Coffee

Coffee Holding Co, Inc engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States, Australia, Canada, England, and China. It offers wholesale green coffee products, including unroasted raw beans that are sold to large, medium, and small roasters, as well as coffee shop operators; and roasts, blends, packages, and sells coffee under private labels in cans, brick packages, and instants of various sizes.