2 weeks Ago By ABMN Staff
Farmer Bros. Co. ( NASDAQ:FARM – Get Free Report ) was the target of a significant growth in short interest during the month of September.
As of September 15th, there was short interest totalling 56,100 shares, a growth of 6.3% from the August 31st total of 52,800 shares. Based on an average trading volume of 56,500 shares, the short-interest ratio is currently 1.
0 days. Currently, 0.3% of the company’s shares are sold short.
Institutional Inflows and Outflows Several institutional investors and hedge funds have recently added to or reduced their stakes in FARM. Vanguard Group Inc. lifted its stake in shares of Farmer Bros.
by 8.6% in the first quarter. Vanguard Group Inc.
now owns 824,528 shares of the company’s stock valued at $2,944,000 after buying an additional 65,277 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Farmer Bros. by 1.
4% in the 2nd quarter. Renaissance Technologies LLC now owns 559,500 shares of the company’s stock worth $1,499,000 after acquiring an additional 7,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Farmer Bros.
by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock valued at $986,000 after acquiring an additional 17,327 shares in the last quarter.
Finally, Sanders Morris Harris LLC lifted its position in Farmer Bros. by 42.9% in the 2nd quarter.
Sanders Morris Harris LLC now owns 100,283 shares of the company’s stock valued at $269,000 after acquiring an additional 30,122 shares in the last quarter. Institutional investors own 64.48% of the company’s stock.
Farmer Bros. Trading Down 3.5 % Shares of NASDAQ:FARM traded down $0.
07 during mid-day trading on Tuesday, hitting $1.91. The company had a trading volume of 131,792 shares, compared to its average volume of 68,170.
The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 0.
59. Farmer Bros. has a one year low of $1.
86 and a one year high of $4.04. The firm has a fifty day moving average price of $2.
53 and a 200 day moving average price of $2.86. The company has a market capitalization of $40.
61 million, a PE ratio of -0.83 and a beta of 1.79.
Analyst Ratings Changes Several equities research analysts have recently weighed in on FARM shares. Roth Mkm decreased their price objective on shares of Farmer Bros. from $6.
00 to $4.50 and set a “buy” rating for the company in a research report on Wednesday, September 18th. StockNews.
com downgraded Farmer Bros. from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Finally, Craig Hallum assumed coverage on Farmer Bros.
in a research report on Monday, June 17th. They set a “buy” rating and a $6.00 target price on the stock.
Read Our Latest Stock Analysis on FARM Farmer Bros. Company Profile ( Get Free Report ) Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States.
The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee. Featured Stories Receive News & Ratings for Farmer Bros. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmer Bros.
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