Yesterday, the CFO of Willamette Valley Vineyards (NASDAQ: WVVI), Richard Goward, bought shares of WVVI for $954.
Following this transaction Richard Goward’s holding in the company was increased by 24% to a total of $4,929. Following Richard Goward’s last WVVI Buy transaction on October 01, 2015, the stock climbed by 1.2%.
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Based on Willamette Valley Vineyards’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $5.82 million and quarterly net profit of $803.3K. In comparison, last year the company earned revenue of $5.31 million and had a net profit of $593.5K. WVVI’s market cap is $40.16M and the company has a P/E ratio of 16.91. Currently, Willamette Valley Vineyards has an average volume of 7,455.
The insider sentiment on Willamette Valley Vineyards has been negative according to 15 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Willamette Valley Vineyards, Inc. engages in the production and sale of premium, super premium and ultra premium varietal wines. The company product brands include Willamette Valley Pinot Noir, Whole Cluster Pinot Noir, Dijon Clone, Pinot Gris, Riesling, Founders Reserve Pinot Noir, Signature Cuvee Pinot Noir, Estate Vineyard Pinot Noir And Estate Vineyard Chardonnay. It operates through the following segments: Direct Sales and Distributor Sales. The Direct Sales segment includes retail sales in its tasting room and remote sites, wine club sales, on-site events, kitchen and catering sales and other sales made directly to the consumer without the use of an intermediary. The Distributor Sales segment include all sales through a third party where prices are given at a wholesale rate. The company was founded by Oregon winegrower James W. Bernau in May 1988 and is headquartered in Turner, OR.
