Farmer Bros. Co. (NASDAQ:FARM) Short Interest Down 6.1% in April

Farmer Bros. Co. (NASDAQ:FARM) was the target of a significant decline in short interest during 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. Based on an average daily trading volume, of 72,600 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.6% of the shares of the company are sold short.

Hedge Funds Weigh In On Farmer Bros.

Several large investors have recently bought and sold shares of FARM. Sanders Morris Harris LLC acquired a new position in Farmer Bros. during the 1st quarter valued at $250,000. Hodges Capital Management Inc. acquired a new position in Farmer Bros. during the 3rd quarter valued at $148,000. Kestra Private Wealth Services LLC raised its stake in Farmer Bros. by 169.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 31,815 shares of the company’s stock valued at $97,000 after purchasing an additional 19,990 shares during the last quarter. AE Wealth Management LLC acquired a new position in Farmer Bros. during the 3rd quarter valued at $31,000. Finally, Global Wealth Management Investment Advisory Inc. acquired a new position in Farmer Bros. during the 3rd quarter valued at $31,000. 64.48% of the stock is currently owned by institutional investors and hedge funds.

Farmer Bros. Price Performance

Shares of Farmer Bros. stock opened at $3.13 on Tuesday. The firm has a fifty day simple moving average of $3.44 and a 200-day simple moving average of $3.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.42. Farmer Bros. has a 1-year low of $1.75 and a 1-year high of $4.04.

Farmer Bros. (NASDAQ:FARM) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.11. The business had revenue of $89.45 million during the quarter, compared to analysts’ expectations of $88.50 million. Farmer Bros. had a negative net margin of 14.91% and a negative return on equity of 65.75%. As a group, research analysts expect that Farmer Bros. will post -0.74 EPS 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.