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

Investment analysts at StockNews.com assumed 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 Trading Up 2.0 %

Shares of Willamette Valley Vineyards stock opened at $4.49 on Tuesday. The stock has a market cap of $22.29 million, a P/E ratio of -6.78 and a beta of 0.70. The stock’s 50 day simple moving average is $5.03 and its 200-day simple moving average is $5.22. Willamette Valley Vineyards has a 1-year low of $4.40 and a 1-year high of $6.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.33 and a quick ratio of 0.28.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. UBS Group AG lifted its holdings in 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 during the last quarter. NewEdge Advisors LLC purchased a new stake in Willamette Valley Vineyards in the second quarter valued at approximately $81,000. Creative Planning raised its position in 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 period. Finally, Vanguard Group Inc. raised its position in 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 period. 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.