SoFi CEO enters prepaid forward contract on 1.5 million shares
In recent transactions, Lin Xi, President and CEO of HF Foods Group Inc. (NASDAQ:HFFG), acquired a total of 12,500 shares of the company’s common stock. These purchases, disclosed in a regulatory filing, took place on March 17 and 18, 2025. The shares were bought at prices ranging from $2.32 to $2.82 per share, with a total transaction value of approximately $32,392. The timing appears strategic, as the stock has surged over 72% in the past week, with analysts setting a $7.00 price target. InvestingPro analysis reveals 12 additional key insights about HFFG’s market position and growth potential.
Following these acquisitions, Xi’s direct ownership in the company increased to 274,057 shares. HF Foods Group, a wholesale groceries company headquartered in Las Vegas, Nevada, generates annual revenue of $1.2 billion. According to InvestingPro data, the company’s net income is expected to grow this year, with analysts forecasting a return to profitability.
In other recent news, HF Foods Group Inc. reported a significant earnings surprise for the fourth quarter of 2024, with an earnings per share (EPS) of $0.11, surpassing the anticipated loss of $0.06. The company’s revenue also exceeded expectations, reaching $305.3 million, marking an 8.7% increase from the previous year. Despite a net loss of $48.1 million attributed to a $46.3 million goodwill impairment, the company’s operational performance remains strong, as evidenced by a 39.4% increase in adjusted EBITDA to $14.5 million. The company is actively pursuing strategic investments and digital transformation initiatives to bolster future growth, including expanding its market presence and product offerings. HF Foods has increased its credit facility to $125 million, indicating a commitment to enhancing its market position through mergers and acquisitions. CEO Felix Lin emphasized the strategic nature of 2025, focusing on infrastructure and capabilities to capitalize on market opportunities. Analysts have noted the company’s robust performance and strategic initiatives, which continue to drive investor confidence.
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