Farmer Bros. Co. (NASDAQ:FARM) Short Interest Up 36.8% in January

Farmer Bros. Co. (NASDAQ:FARM) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 74,700 shares, an increase of 36.8% from the December 31st total of 54,600 shares. Based on an average daily trading volume, of 85,300 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FARM. Dimensional Fund Advisors LP increased its position in shares of 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 during the period. Renaissance Technologies LLC grew its stake in Farmer Bros. by 1.4% during the 2nd quarter. Renaissance Technologies LLC now owns 559,500 shares of the company’s stock valued at $1,499,000 after purchasing an additional 7,600 shares during the last quarter. Sanders Morris Harris LLC increased its holdings in shares of Farmer Bros. by 53.8% in the third quarter. Sanders Morris Harris LLC now owns 154,283 shares of the company’s stock valued at $305,000 after purchasing an additional 54,000 shares during the period. PFG Investments LLC purchased a new position in shares of Farmer Bros. in the third quarter worth about $33,000. Finally, Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Farmer Bros. by 58.3% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock worth $38,000 after purchasing an additional 7,000 shares during the period. Hedge funds and other institutional investors own 64.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Farmer Bros. in a research note on Saturday. They set a “hold” rating for the company.

Farmer Bros. Stock Down 2.8 %

Shares of FARM stock opened at $1.73 on Friday. The stock’s fifty day moving average price is $1.87 and its 200 day moving average price is $2.16. Farmer Bros. has a 1-year low of $1.60 and a 1-year high of $3.86. The company has a market cap of $36.94 million, a price-to-earnings ratio of -4.81 and a beta of 1.80. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 0.58.

Farmer Bros. (NASDAQ:FARM) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). The business had revenue of $85.07 million for the quarter, compared to analysts’ expectations of $84.80 million. Farmer Bros. had a negative return on equity of 35.41% and a negative net margin of 2.20%. During the same quarter in the previous year, the firm posted ($0.06) EPS. On average, research analysts expect that Farmer Bros. will post -0.62 earnings per share for the current fiscal year.

Farmer Bros. Company Profile

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.