Schwarz Dygos Wheeler Investment Advisors LLC Has $57,000 Holdings in Local Bounti Co. (NYSE:LOCL)

Schwarz Dygos Wheeler Investment Advisors LLC decreased its position in Local Bounti Co. (NYSE:LOCL) by 85.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,588 shares of the company’s stock after selling 166,667 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC owned about 0.33% of Local Bounti worth $57,000 as of its most recent SEC filing.

Local Bounti Stock Performance

Shares of Local Bounti stock traded down $0.05 on Friday, hitting $2.95. The stock had a trading volume of 11,450 shares, compared to its average volume of 11,364. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 18.20. The stock has a market cap of $24.90 million, a price-to-earnings ratio of -0.19 and a beta of 2.66. The business’s 50 day moving average is $2.66 and its two-hundred day moving average is $2.51. Local Bounti Co. has a twelve month low of $1.17 and a twelve month high of $8.70.

Local Bounti (NYSE:LOCL) last issued 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). The company had revenue of $6.87 million during the quarter, compared to the consensus estimate of $7.40 million. Local Bounti had a negative net margin of 450.03% and a negative return on equity of 167.86%. Analysts forecast that Local Bounti Co. will post -10.29 EPS for the current year.

About Local Bounti

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.