Bridgeway Capital Management LLC Sells 30,900 Shares of Farmer Bros. Co. (NASDAQ:FARM)

Bridgeway Capital Management LLC cut its position in Farmer Bros. Co. (NASDAQ:FARM) by 41.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,100 shares of the company’s stock after selling 30,900 shares during the quarter. Bridgeway Capital Management LLC owned about 0.21% of Farmer Bros. worth $79,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of Farmer Bros. in the fourth quarter valued at $29,000. XTX Topco Ltd bought a new position in Farmer Bros. during the fourth quarter worth $36,000. Prudential Financial Inc. bought a new position in Farmer Bros. during the fourth quarter worth $48,000. Renaissance Technologies LLC boosted its position in Farmer Bros. by 7.2% during the fourth quarter. Renaissance Technologies LLC now owns 594,800 shares of the company’s stock worth $1,071,000 after purchasing an additional 40,200 shares during the period. Finally, Penn Capital Management Company LLC boosted its position in Farmer Bros. by 28.6% during the fourth quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company’s stock worth $2,390,000 after purchasing an additional 295,280 shares during the period. 64.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Farmer Bros. in a research report on Thursday, March 13th. They set a “hold” rating for the company.

Farmer Bros. Trading Down 2.4%

FARM stock opened at $1.63 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.28 and a quick ratio of 0.60. The company has a fifty day moving average price of $1.98 and a two-hundred day moving average price of $2.00. Farmer Bros. Co. has a one year low of $1.60 and a one year high of $3.29. The stock has a market cap of $34.81 million, a price-to-earnings ratio of -3.40 and a beta of 1.54.

Farmer Bros. (NASDAQ:FARM) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The company had revenue of $82.05 million for the quarter, compared to the consensus estimate of $88.99 million. Farmer Bros. had a negative return on equity of 27.45% and a negative net margin of 2.92%. Equities analysts anticipate that Farmer Bros. Co. will post -0.37 EPS for the current year.

Farmer Bros. 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.