Schwarz Dygos Wheeler Investment Advisors LLC Cuts Position in Local Bounti Co. (NYSE:LOCL)

Schwarz Dygos Wheeler Investment Advisors LLC cut its stake in Local Bounti Co. (NYSE:LOCL) by 85.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,588 shares of the company’s stock after selling 166,667 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Local Bounti were worth $57,000 as of its most recent SEC filing.

Local Bounti Trading Down 1.7 %

NYSE LOCL traded down $0.05 during trading on Friday, hitting $2.95. 11,450 shares of the company’s stock traded hands, compared to its average volume of 11,364. The stock has a fifty day moving average of $2.66 and a two-hundred day moving average of $2.51. The company has a debt-to-equity ratio of 18.20, a current ratio of 0.84 and a quick ratio of 0.71. Local Bounti Co. has a 12-month low of $1.17 and a 12-month high of $8.70. The firm has a market cap of $24.90 million, a P/E ratio of -0.19 and a beta of 2.66.

Local Bounti (NYSE:LOCL) last posted its quarterly earnings results on Wednesday, March 27th. The company reported ($8.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.18) by ($4.92). Local Bounti had a negative net margin of 450.03% and a negative return on equity of 167.86%. The business had revenue of $6.87 million for the quarter, compared to analysts’ expectations of $7.40 million. As a group, sell-side analysts expect that Local Bounti Co. will post -10.29 EPS for the current year.

Local Bounti Profile

Local Bounti Corporation grows and packs fresh greens in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.