Short Interest in Farmer Bros. Co. (NASDAQ:FARM) Decreases By 6.1%

Farmer Bros. Co. (NASDAQ:FARM) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 100,700 shares, a decline of 6.1% from the March 31st total of 107,200 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 72,600 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On Farmer Bros.

Several large investors have recently made changes to their positions in the company. AE Wealth Management LLC purchased a new stake in Farmer Bros. in the 3rd quarter worth $31,000. Global Wealth Management Investment Advisory Inc. purchased a new stake in Farmer Bros. in the 3rd quarter worth $31,000. Kestra Private Wealth Services LLC purchased a new stake in Farmer Bros. in the 3rd quarter worth $31,000. Hodges Capital Management Inc. purchased a new stake in Farmer Bros. in the 3rd quarter worth $148,000. Finally, Penn Capital Management Company LLC increased its holdings in Farmer Bros. by 1.2% in the 4th quarter. Penn Capital Management Company LLC now owns 869,757 shares of the company’s stock worth $2,661,000 after acquiring an additional 10,110 shares in the last quarter. 64.48% of the stock is currently owned by institutional investors and hedge funds.

Farmer Bros. Stock Performance

FARM opened at $3.20 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.67. The firm has a fifty day moving average price of $3.42 and a 200 day moving average price of $3.19. Farmer Bros. has a 1 year low of $1.75 and a 1 year high of $4.04. The stock has a market cap of $67.42 million, a P/E ratio of -1.13 and a beta of 1.75.

Farmer Bros. (NASDAQ:FARM) last posted its earnings results on Thursday, February 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.11. Farmer Bros. had a negative net margin of 14.91% and a negative return on equity of 65.75%. The firm had revenue of $89.45 million during the quarter, compared to analysts’ expectations of $88.50 million. Equities research analysts anticipate that Farmer Bros. will post -0.74 earnings per share for the current year.

About Farmer Bros.

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.