Ancora Advisors Adds to Stake in Coffee Holding
According to a recent Form 13F filing submitted to the SEC, Ancora Advisors, LLC disclosed a noteworthy and bullish position in JVA stock. Here’s what you need to know about Coffee Holding Co., Inc., as well as Ancora Advisors’ position in shares of JVA stock:
About Coffee Holding Co., Inc. (NASDAQ: JVA)
Coffee Holding Co., Inc. manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as coffee shop operators. It also roasts, blends, packages, and sells coffee under private labels. As of October 31, 2021, the company supplied private label coffee under approximately 21 labels to wholesalers and retailers in cans, brick packages, and instants of various sizes. In addition, it roasts and blends company label branded coffee to supermarkets, wholesalers, and individually owned and multi-unit retail customers. Further, the company offers tabletop coffee roasting equipment, instant coffees, and tea products for its customers. Its coffee brands include Cafe Caribe, Don Manuel, S&W, Cafe Supremo, Via Roma, Premier Roasters, Harmony Bay, and Steep and Brew. The company was formerly known as Transpacific International Group Corp and changed its name to Coffee Holding Co., Inc. in April 1998. Coffee Holding Co., Inc. was founded in 1971 and is headquartered in Staten Island, New York. Learn more about Coffee Holding Co., Inc. on their website here
Ancora Advisors, LLC Position in JVA
According to the most recent 13F filed by Ancora Advisors, the firm added 76,848 shares of JVA stock to it holdings in the recent quarter. That brings their total long position in Coffee Holding Co., Inc. to 174,266 shares, representing approximately 3.0527% of the entire 5,708,600 JVA shares outstanding. Based on the most recent closing price of $2.08 per share of JVA, the entire Ancora Advisors position in Coffee Holding Co., Inc. stock is worth roughly $362,473.28.
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