hf foods group inc., formerly atlantic acquisition corp., is a foodservice company. the company through its subsidiary, hf group holding corporation is a food service distributor. the company offers its foodservices to asian/chinese restaurants in southeastern united states. the company serves over 3, 200 restaurants across 10 states.
Company profile
Ticker
HFFG
Exchange
Website
CEO
Zhou Min Ni / Xiao Mou Zhang
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Sysco • US Foods Holding • Dominos Pizza • Alkame • Alkaline Water Company Inc • Rave Restaurant • Cuentas • Veroni Brands • Sino Green Land • Loha ...
Former names
Atlantic Acquisition Corp., Stars Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
273 Fifth Avenue, L.L.C. • A & Kie, LLC • American Fortune Foods, Inc. • Asahi Food, Inc • B & L Trading, LLC • B&B Trucking Services, Inc. • B&R Global Holdings, Inc. • B&R Global Services, LLC • B&R Group • B&R Realty, LLC ...
HFFG stock data
Latest filings (excl ownership)
8-K
HF Foods Appoints Cindy Yao as Chief Financial Officer
24 Apr 24
DEF 14A
Definitive proxy
24 Apr 24
8-K
Entry into a Material Definitive Agreement
12 Apr 24
8-A12B/A
Registration of securities on exchange (amended)
11 Apr 24
8-A12B/A
Registration of securities on exchange (amended)
11 Apr 24
10-K
2023 FY
Annual report
26 Mar 24
8-K
HF Foods Reports Fourth Quarter and Full Year 2023 Financial Results
14 Mar 24
NT 10-K
Notice of late annual filing
14 Mar 24
8-K
HF Foods Appoints Felix Lin as President of the Company
9 Feb 24
10-Q
2023 Q2
Quarterly report
9 Nov 23
Transcripts
Latest ownership filings
4
Christine Chang
17 Apr 24
4
Xi Lin
17 Apr 24
4
Xiao Mou Zhang
17 Apr 24
SC 13D/A
Ni Zhou Min
22 Dec 23
4
Xiao Mou Zhang
12 Sep 23
4
Xiao Mou Zhang
8 Sep 23
4
Xiao Mou Zhang
28 Aug 23
4
Xiao Mou Zhang
18 Aug 23
SC 13D/A
Irrevocable Trust for Raymond Ni
15 May 23
SC 13D/A
Irrevocable Trust for Raymond Ni
5 May 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 14.30 mm | 14.30 mm | 14.30 mm | 14.30 mm | 14.30 mm | 14.30 mm |
Cash burn (monthly) | 215.33 k | 292.17 k | (no burn) | 1.07 mm | (no burn) | (no burn) |
Cash used (since last report) | 1.48 mm | 2.01 mm | n/a | 7.34 mm | n/a | n/a |
Cash remaining | 12.82 mm | 12.29 mm | n/a | 6.96 mm | n/a | n/a |
Runway (months of cash) | 59.5 | 42.1 | n/a | 6.5 | n/a | n/a |
Institutional ownership, Q3 2023
28.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 50 |
Opened positions | 3 |
Closed positions | 1 |
Increased positions | 17 |
Reduced positions | 14 |
13F shares | Current |
---|---|
Total value | 34.39 bn |
Total shares | 14.87 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Irrevocable Trust for Raymond Ni | 6.04 mm | $21.91 mm |
BLK Blackrock | 2.41 mm | $9.56 bn |
Vanguard | 1.80 mm | $7.15 bn |
Zhang Financial | 1.11 mm | $4.41 bn |
Geode Capital Management | 819.29 k | $3.25 bn |
STT State Street | 728.55 k | $2.89 bn |
Nuveen Asset Management | 324.36 k | $1.29 bn |
NTRS Northern Trust | 321.98 k | $1.28 bn |
MS Morgan Stanley | 185.32 k | $735.74 mm |
Russell Investments | 162.35 k | $644.52 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Apr 24 | Xi Lin | Common Stock | Grant | Acquire A | No | No | 0 | 32,878 | 0.00 | 191,839 |
15 Apr 24 | Christine Chang | Common Stock | Grant | Acquire A | No | No | 0 | 20,697 | 0.00 | 113,274 |
8 Sep 23 | Zhang Xiao Mou | Common Stock | Buy | Acquire P | Yes | No | 4.38 | 14,952 | 65.49 k | 130,000 |
7 Sep 23 | Zhang Xiao Mou | Common Stock | Buy | Acquire P | Yes | No | 4.57 | 15,000 | 68.55 k | 115,048 |
6 Sep 23 | Zhang Xiao Mou | Common Stock | Buy | Acquire P | Yes | No | 4.47 | 10,000 | 44.70 k | 100,048 |
28 Aug 23 | Zhang Xiao Mou | Common Stock | Buy | Acquire P | Yes | No | 4.82 | 20,000 | 96.40 k | 90,048 |
24 Aug 23 | Zhang Xiao Mou | Common Stock | Buy | Acquire P | Yes | No | 4.82 | 25,048 | 120.73 k | 70,048 |
24 Aug 23 | Zhang Xiao Mou | Common Stock | Buy | Acquire P | No | No | 4.81 | 10,000 | 48.10 k | 2,926,500 |