Insider Buying: Willamette Valley Vineyards (NASDAQ:WVVI) President Acquires $10,673.39 in Stock

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) President James Bernau bought 4,121 shares of the stock in a transaction on Friday, November 21st. The stock was purchased at an average price of $2.59 per share, with a total value of $10,673.39. Following the completion of the acquisition, the president directly owned 374,501 shares in the company, valued at approximately $969,957.59. This trade represents a 1.11% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Willamette Valley Vineyards Stock Performance

Shares of Willamette Valley Vineyards stock opened at $2.70 on Thursday. The firm has a market cap of $13.40 million, a P/E ratio of -5.09 and a beta of 0.35. The company has a current ratio of 4.07, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Willamette Valley Vineyards, Inc. has a 12 month low of $2.49 and a 12 month high of $7.18. The stock’s fifty day moving average price is $3.32 and its 200-day moving average price is $4.53.

Willamette Valley Vineyards (NASDAQ:WVVI) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.33) earnings per share for the quarter. Willamette Valley Vineyards had a negative return on equity of 3.94% and a negative net margin of 2.58%.The business had revenue of $8.35 million during the quarter.

Hedge Funds Weigh In On Willamette Valley Vineyards

A number of large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Willamette Valley Vineyards in the 2nd quarter valued at about $41,000. Susquehanna International Group LLP purchased a new position in shares of Willamette Valley Vineyards in the 3rd quarter worth approximately $39,000. Teton Advisors LLC bought a new position in shares of Willamette Valley Vineyards during the 3rd quarter worth approximately $82,000. Finally, FreeGulliver LLC raised its stake in shares of Willamette Valley Vineyards by 57.6% during the 2nd quarter. FreeGulliver LLC now owns 101,969 shares of the company’s stock worth $563,000 after acquiring an additional 37,254 shares in the last quarter. 12.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Willamette Valley Vineyards in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Willamette Valley Vineyards

Willamette Valley Vineyards, Inc produces and sells wine in the United States and internationally. The company operates through two segments, Direct Sales and Distributor Sales. It primarily offers Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Sauvignon Blanc, Gruner Veltliner, Rose, Brut, Brut Rose, and Riesling branded wines under the Willamette Valley Vineyards label; Semi-Sparkling Muscat branded wine under the Tualatin Estate Vineyards label; Syrah, Merlot, Cabernet Sauvignon, Grenache, Cabernet Franc, Tempranillo, Malbec, The Griffin, and Viognier branded wines under the Griffin Creek label; and Brut, Brut Rose, and Blanc de Blancs under the Domaine Willamette label.