GuruFocus - On September 11, 2024, Michael Degiglio, CEO of Village Farms (TSX:VFF) International Inc (NASDAQ:VFF), executed a significant transaction by selling 267,309 shares of the company. The sale was documented in a recent SEC Filing. Following this transaction, the insider now owns 9,690,818 shares of Village Farms International Inc .
Village Farms International Inc is engaged in the production and distribution of greenhouse-grown tomatoes, bell peppers, and cucumbers. These products are supplied to major retailers and distributors across North America. The company has also expanded into the cannabis industry, leveraging its extensive greenhouse expertise to produce cannabis products.
Over the past year, Michael Degiglio's trading activities have included the sale of 267,309 shares and no recorded purchases. This recent sale aligns with the broader insider trading pattern at Village Farms International Inc, which has seen minimal insider buying compared to selling activities.
Shares of Village Farms International Inc were priced at $1.01 on the day of the transaction. The company's market cap stands at $111.728 million, reflecting its size and scale within the industry.
According to the GF Value, the intrinsic value of Village Farms International Inc is estimated at $1.34 per share, suggesting that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.75. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
This insider sale might draw the attention of current and potential investors, especially considering the company's valuation and the insider's remaining substantial stake in the company. As always, investors are encouraged to consider the broader context of their investment decisions, including market conditions and individual financial goals.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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