Farmer Brothers Co (FARM): Michael H Keown , President, CEO of Farmer Brothers Co sold 12,000 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $32.60 per share for a total value of $391,134.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Michael H Keown (President, CEO) sold 12,000 shares at $30.14 per share price.On May 20, 2016, Richard F Farmer (10% owner) sold 600,000 shares at $25.00 per share price.Also, On May 17, 2016, Charles F Marcy (director) purchased 1,000 shares at $28.81 per share price.On May 13, 2016, Christopher P Mottern (director) purchased 1,000 shares at $29.35 per share price.
Farmer Brothers Co.: On Monday, Sep 12, 2016 heightened volatility was witnessed in Farmer Brothers Co. which led to swings in the share price. The shares opened for trading at $33.07 and hit $33.76 on the upside , eventually ending the session at $33.46, with a gain of 0.57% or 0.19 points. The heightened volatility saw the trading volume jump to 190,349 shares. The 52-week high of the share price is $33.76 and the company has a market cap of $561 M . The 52-week low of the share price is at $24.04.
Farmer Bros. Co. is a manufacturer wholesaler and distributor of coffee tea and culinary products. The Company’s customers include restaurants hotels casinos offices quick service restaurants (QSRs) convenience stores healthcare facilities and other foodservice providers as well as private brand retailers in the QSR grocery drugstore restaurant convenience store and coffee house channels. The Company distributes its products through its nationwide direct-store-delivery (DSD) network of approximately 470 delivery routes 111 branch warehouses and around five distribution centers and through the distribution channels of its national account and institutional customers. The Company offers value-added services to its foodservice customers including beverage equipment installation and service; menu solutions wherein the Company recommends products how these products are prepared in the kitchen and presented on the menu and inventory and product procurement management.