Dimensional Fund Advisors LP raised its stake in Farmer Brothers Company (NASDAQ:FARM) by 7.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 657,858 shares of the company’s stock after buying an additional 43,405 shares during the period. Dimensional Fund Advisors LP’s holdings in Farmer Brothers were worth $23,255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. acquired a new position in shares of Farmer Brothers during the first quarter valued at about $142,000. American International Group Inc. boosted its position in shares of Farmer Brothers by 7.0% in the first quarter. American International Group Inc. now owns 4,977 shares of the company’s stock valued at $176,000 after buying an additional 326 shares during the period. Nationwide Fund Advisors boosted its position in shares of Farmer Brothers by 8.7% in the first quarter. Nationwide Fund Advisors now owns 5,447 shares of the company’s stock valued at $193,000 after buying an additional 438 shares during the period. Trexquant Investment LP acquired a new position in shares of Farmer Brothers during the first quarter valued at about $205,000. Finally, TFS Capital LLC acquired a new position in shares of Farmer Brothers during the first quarter valued at about $268,000. 50.93% of the stock is owned by hedge funds and other institutional investors.

Farmer Brothers Company (NASDAQ:FARM) traded down 1.13% on Wednesday, reaching $30.50. 4,931 shares of the company’s stock were exchanged. Farmer Brothers Company has a 1-year low of $28.90 and a 1-year high of $37.55. The company has a market capitalization of $506.45 million, a P/E ratio of 4.74 and a beta of 0.48. The firm has a 50-day moving average price of $30.48 and a 200-day moving average price of $32.71.

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A number of research analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $37.25 price objective on shares of Farmer Brothers in a report on Monday, July 10th. TheStreet cut shares of Farmer Brothers from a “b” rating to a “c+” rating in a report on Tuesday, May 30th. ValuEngine raised shares of Farmer Brothers from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Farmer Brothers from a “hold” rating to a “sell” rating in a report on Thursday, May 11th.

Farmer Brothers Company Profile

Farmer Bros. Co is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers. Its product line includes organic, Direct Trade, Direct Trade Verified Sustainable (DTVS) coffees and other coffees, iced and hot teas, cappuccino, spices, and baking/biscuit mixes.

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Institutional Ownership by Quarter for Farmer Brothers (NASDAQ:FARM)

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