Farmer Bros Co (NASDAQ:FARM) Major Shareholder Acquires $37,975.30 in Stock

Farmer Bros Co (NASDAQ:FARM) major shareholder Levin Easterly Partners Llc purchased 3,002 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $12.65 per share, with a total value of $37,975.30. The purchase was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Levin Easterly Partners Llc also recently made the following trade(s):

  • On Tuesday, August 6th, Levin Easterly Partners Llc sold 7,026 shares of Farmer Bros stock. The shares were sold at an average price of $14.18, for a total transaction of $99,628.68.
  • On Wednesday, July 31st, Levin Easterly Partners Llc purchased 9,342 shares of Farmer Bros stock. The stock was acquired at an average cost of $16.47 per share, with a total value of $153,862.74.
  • On Tuesday, July 23rd, Levin Easterly Partners Llc purchased 449 shares of Farmer Bros stock. The stock was acquired at an average cost of $16.70 per share, with a total value of $7,498.30.
  • On Friday, July 19th, Levin Easterly Partners Llc purchased 1,078 shares of Farmer Bros stock. The stock was acquired at an average cost of $16.60 per share, with a total value of $17,894.80.
  • On Wednesday, June 19th, Levin Easterly Partners Llc purchased 94,497 shares of Farmer Bros stock. The stock was acquired at an average cost of $17.02 per share, with a total value of $1,608,338.94.
  • On Monday, June 17th, Levin Easterly Partners Llc purchased 2,892 shares of Farmer Bros stock. The stock was acquired at an average cost of $18.22 per share, with a total value of $52,692.24.
  • On Monday, June 3rd, Levin Easterly Partners Llc purchased 267 shares of Farmer Bros stock. The stock was acquired at an average cost of $18.20 per share, with a total value of $4,859.40.
  • On Tuesday, May 28th, Levin Easterly Partners Llc purchased 902 shares of Farmer Bros stock. The stock was acquired at an average cost of $18.48 per share, with a total value of $16,668.96.
  • On Tuesday, May 21st, Levin Easterly Partners Llc purchased 21,684 shares of Farmer Bros stock. The stock was acquired at an average cost of $18.81 per share, with a total value of $407,876.04.

Shares of Farmer Bros stock traded down $0.21 during trading on Monday, hitting $13.10. 87,330 shares of the stock were exchanged, compared to its average volume of 98,125. The stock has a market cap of $224.59 million, a price-to-earnings ratio of 100.77, a price-to-earnings-growth ratio of 7.85 and a beta of 0.11. The firm’s 50-day moving average price is $15.89 and its 200 day moving average price is $19.55. Farmer Bros Co has a 12-month low of $12.42 and a 12-month high of $30.20. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.03 and a quick ratio of 0.93.

FARM has been the subject of several recent research reports. B. Riley cut shares of Farmer Bros from a “buy” rating to a “neutral” rating and decreased their price target for the company from $29.00 to $21.00 in a research report on Wednesday, May 8th. Lake Street Capital decreased their price target on shares of Farmer Bros from $36.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. BidaskClub cut shares of Farmer Bros from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 7th. TheStreet cut shares of Farmer Bros from a “c” rating to a “d+” rating in a research report on Wednesday, May 8th. Finally, ValuEngine raised shares of Farmer Bros from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Farmer Bros has a consensus rating of “Hold” and a consensus price target of $22.33.

Several institutional investors have recently added to or reduced their stakes in FARM. Russell Investments Group Ltd. lifted its position in shares of Farmer Bros by 123.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,773,197 shares of the company’s stock worth $45,393,000 after purchasing an additional 1,530,752 shares during the last quarter. Trigran Investments Inc. lifted its position in shares of Farmer Bros by 12.8% during the 2nd quarter. Trigran Investments Inc. now owns 1,972,319 shares of the company’s stock worth $32,286,000 after purchasing an additional 223,041 shares during the last quarter. Granite Investment Partners LLC lifted its position in shares of Farmer Bros by 21.6% during the 1st quarter. Granite Investment Partners LLC now owns 507,599 shares of the company’s stock worth $10,157,000 after purchasing an additional 90,019 shares during the last quarter. Teton Advisors Inc. lifted its position in shares of Farmer Bros by 25.3% during the 2nd quarter. Teton Advisors Inc. now owns 366,021 shares of the company’s stock worth $5,992,000 after purchasing an additional 73,987 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Farmer Bros by 10.4% during the 2nd quarter. BlackRock Inc. now owns 771,123 shares of the company’s stock worth $12,623,000 after purchasing an additional 72,842 shares during the last quarter. 65.43% of the stock is owned by institutional investors and hedge funds.

About Farmer Bros

Farmer Bros. Co engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavored and unflavored iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and ready-to-drink cold brew and iced coffee.

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Insider Buying and Selling by Quarter for Farmer Bros (NASDAQ:FARM)

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