Farmer Bros. Co. (NASDAQ:FARM) Sees Large Decline in Short Interest

Farmer Bros. Co. (NASDAQ:FARM) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 81,600 shares, a decline of 5.4% from the January 15th total of 86,300 shares. Based on an average daily volume of 556,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Penn Capital Management Company LLC increased its holdings in shares of Farmer Bros. by 28.6% during the 4th quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company’s stock worth $2,390,000 after acquiring an additional 295,280 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Farmer Bros. by 7.2% in the 4th quarter. Renaissance Technologies LLC now owns 594,800 shares of the company’s stock valued at $1,071,000 after purchasing an additional 40,200 shares during the period. Geode Capital Management LLC boosted its stake in Farmer Bros. by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 209,288 shares of the company’s stock valued at $414,000 after purchasing an additional 11,390 shares during the period. Squarepoint Ops LLC boosted its stake in Farmer Bros. by 67.1% in the 4th quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock valued at $125,000 after purchasing an additional 27,805 shares during the period. Finally, Millennium Management LLC bought a new stake in Farmer Bros. in the 4th quarter valued at $69,000. 64.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Farmer Bros. in a research report on Monday. They set a “hold” rating on the stock.

Farmer Bros. Stock Up 11.7 %

FARM stock opened at $2.20 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $46.98 million, a PE ratio of -4.58 and a beta of 1.78. Farmer Bros. has a 1-year low of $1.60 and a 1-year high of $3.86. The business’s 50 day simple moving average is $1.82 and its 200 day simple moving average is $2.08.

Farmer Bros. (NASDAQ:FARM) last posted its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.18. Farmer Bros. had a negative return on equity of 27.18% and a negative net margin of 2.92%. As a group, research analysts anticipate that Farmer Bros. will post -0.62 EPS 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.