StockNews.com Initiates Coverage on Willamette Valley Vineyards (NASDAQ:WVVI)

Equities researchers at StockNews.com began coverage on shares of Willamette Valley Vineyards (NASDAQ:WVVI) in a report issued on Tuesday. The firm set a “hold” rating on the stock.

Willamette Valley Vineyards Stock Performance

NASDAQ WVVI opened at $4.49 on Tuesday. The company has a current ratio of 2.33, a quick ratio of 0.28 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average price is $5.03 and its two-hundred day moving average price is $5.22. Willamette Valley Vineyards has a 1 year low of $4.40 and a 1 year high of $6.59. The firm has a market capitalization of $22.29 million, a P/E ratio of -6.78 and a beta of 0.70.

Willamette Valley Vineyards (NASDAQ:WVVI) last posted its quarterly earnings results on Tuesday, March 26th. The company reported ($0.15) earnings per share (EPS) for the quarter. Willamette Valley Vineyards had a negative return on equity of 4.09% and a negative net margin of 3.06%. The firm had revenue of $10.75 million for the quarter.

Hedge Funds Weigh In On Willamette Valley Vineyards

Several institutional investors and hedge funds have recently modified their holdings of WVVI. Creative Planning increased its holdings in shares of Willamette Valley Vineyards by 99.4% in the third quarter. Creative Planning now owns 31,100 shares of the company’s stock valued at $183,000 after purchasing an additional 15,500 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Willamette Valley Vineyards in the second quarter valued at $81,000. Vanguard Group Inc. increased its holdings in shares of Willamette Valley Vineyards by 4.1% in the first quarter. Vanguard Group Inc. now owns 213,403 shares of the company’s stock valued at $1,931,000 after purchasing an additional 8,461 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Willamette Valley Vineyards by 102.8% in the third quarter. UBS Group AG now owns 5,140 shares of the company’s stock valued at $32,000 after acquiring an additional 2,605 shares in the last quarter. 12.24% of the stock is currently owned by institutional investors and hedge funds.

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.