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Christine Chang, the Chief Compliance Officer and General Counsel at HF Foods Group Inc. (NASDAQ:HFFG), recently acquired 7,961 shares of the company’s common stock. The transaction, which took place on March 17, 2025, was executed at a weighted average price of $2.49 per share, resulting in a total transaction value of $19,822. The stock has since risen to $2.93, marking a significant 72% gain over the past week. This purchase increases Chang’s total holdings to 174,052 shares in the $153 million market cap company. According to InvestingPro, analysts have set a price target of $7.00 for HFFG, suggesting substantial upside potential.
The shares were bought at prices ranging from $2.38 to $2.60 per share, as per the details provided in the SEC filing. This acquisition reflects Chang’s continued investment in the company, which operates in the wholesale groceries and related products sector. InvestingPro analysis reveals the company’s overall financial health score is FAIR, with 12 additional exclusive insights available to subscribers.
In other recent news, HF Foods Group Inc. reported a significant earnings beat for Q4 2024, with earnings per share (EPS) at $0.11, surpassing the forecasted loss of $0.06. This positive surprise was accompanied by revenue reaching $305.3 million, an 8.7% increase from the previous year, which further bolstered investor confidence. Despite a net loss primarily due to a goodwill impairment charge, the company’s operational performance remained strong, with adjusted EBITDA increasing by 39.4% from the previous year. HF Foods is actively pursuing strategic investments and digital transformation initiatives to enhance its market presence and product offerings.
The company is also focusing on expanding its wholesale and retail channels, which is part of its broader strategy to capitalize on opportunities in the underserved wholesale specialty food market. Looking to the future, HF Foods has increased its credit facility to $125 million to support its planned mergers and acquisitions, indicating an active approach to growth through strategic investments. Furthermore, the company’s management has outlined plans for infrastructure improvements and a reduction in distribution, selling, and administrative expenses by 3-5% in 2025. These developments reflect HF Foods’ commitment to driving sustainable long-term growth and operational efficiency.
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