Granite Investment Partners LLC raised its stake in Farmer Brothers Company (NASDAQ:FARM) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 408,765 shares of the company’s stock after buying an additional 3,409 shares during the period. Granite Investment Partners LLC’s holdings in Farmer Brothers were worth $12,365,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FARM. Wellington Management Group LLP increased its position in shares of Farmer Brothers by 62.8% in the first quarter. Wellington Management Group LLP now owns 1,337,166 shares of the company’s stock valued at $47,269,000 after buying an additional 515,867 shares during the period. Trigran Investments Inc. increased its position in shares of Farmer Brothers by 3.4% in the first quarter. Trigran Investments Inc. now owns 940,773 shares of the company’s stock valued at $33,256,000 after buying an additional 31,260 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Farmer Brothers by 7.1% in the first quarter. Dimensional Fund Advisors LP now owns 657,858 shares of the company’s stock valued at $23,255,000 after buying an additional 43,405 shares during the period. Vanguard Group Inc. increased its position in shares of Farmer Brothers by 11.0% in the first quarter. Vanguard Group Inc. now owns 513,123 shares of the company’s stock valued at $18,139,000 after buying an additional 51,021 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Farmer Brothers by 1.1% in the first quarter. Renaissance Technologies LLC now owns 443,200 shares of the company’s stock valued at $15,667,000 after buying an additional 5,000 shares during the period. Institutional investors own 50.93% of the company’s stock.

Shares of Farmer Brothers Company (NASDAQ:FARM) opened at 30.45 on Thursday. Farmer Brothers Company has a 52 week low of $28.90 and a 52 week high of $37.55. The firm has a market cap of $505.62 million, a PE ratio of 4.73 and a beta of 0.48. The stock’s 50 day moving average is $30.51 and its 200-day moving average is $32.64.

ILLEGAL ACTIVITY WARNING: “Granite Investment Partners LLC Raises Stake in Farmer Brothers Company (NASDAQ:FARM)” was originally published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/08/10/granite-investment-partners-llc-raises-stake-in-farmer-brothers-company-nasdaqfarm.html.

Several equities analysts recently weighed in on FARM shares. B. Riley reiterated a “buy” rating and issued a $37.25 price target (down previously from $39.50) on shares of Farmer Brothers in a report on Sunday, June 18th. Zacks Investment Research downgraded shares of Farmer Brothers from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. ValuEngine upgraded shares of Farmer Brothers from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, TheStreet downgraded shares of Farmer Brothers from a “b” rating to a “c+” rating in a report on Tuesday, May 30th.

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.

Want to see what other hedge funds are holding FARM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Farmer Brothers Company (NASDAQ:FARM).

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

Receive News & Ratings for Farmer Brothers Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmer Brothers Company and related companies with MarketBeat.com's FREE daily email newsletter.