Dark Forest Capital Management LP Has $392,000 Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Dark Forest Capital Management LP increased its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 133.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,762 shares of the company’s stock after buying an additional 32,451 shares during the period. Dark Forest Capital Management LP’s holdings in The Hain Celestial Group were worth $392,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Illinois Municipal Retirement Fund lifted its position in shares of The Hain Celestial Group by 3.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 54,172 shares of the company’s stock worth $426,000 after purchasing an additional 1,710 shares during the period. First Trust Direct Indexing L.P. lifted its position in shares of The Hain Celestial Group by 13.0% in the 1st quarter. First Trust Direct Indexing L.P. now owns 16,404 shares of the company’s stock worth $129,000 after purchasing an additional 1,885 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of The Hain Celestial Group by 17.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,839 shares of the company’s stock worth $152,000 after purchasing an additional 2,096 shares during the period. Signaturefd LLC lifted its position in shares of The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after purchasing an additional 2,226 shares during the period. Finally, nVerses Capital LLC lifted its position in shares of The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after purchasing an additional 2,900 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at The Hain Celestial Group

In other news, insider Chad D. Marquardt bought 5,300 shares of The Hain Celestial Group stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the purchase, the insider now directly owns 15,300 shares in the company, valued at approximately $127,296. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.72% of the stock is currently owned by company insiders.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $8.57 on Friday. The firm has a market capitalization of $769.96 million, a PE ratio of -8.40 and a beta of 0.75. The firm has a fifty day simple moving average of $7.57 and a two-hundred day simple moving average of $7.27. The company has a current ratio of 1.98, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The Hain Celestial Group, Inc. has a 12 month low of $5.68 and a 12 month high of $12.49.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The business had revenue of $419.00 million during the quarter, compared to analyst estimates of $417.99 million. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The Hain Celestial Group’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 EPS. Analysts forecast that The Hain Celestial Group, Inc. will post 0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HAIN has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. DA Davidson reiterated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Wednesday, August 28th. Barclays boosted their target price on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, August 29th. Finally, Piper Sandler reiterated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $10.88.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.