Local BountiLOCL
Market Cap: $20.1M
About: Local Bounti Corp is a controlled environment agriculture company. Its business model is based on building local facilities, operated by local teams, to deliver fresh and quality produce to local communities while maintaining a limited carbon footprint. Using proprietary technology to grow leafy greens and herbs in smart greenhouses with a cultivation process that uses less water and land than conventional agriculture, free from herbicides or pesticides, it delivers products that have a longer shelf life, and are good in taste.
Employees: 301
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
9% more capital invested
Capital invested by funds: $2.45M [Q1] → $2.66M (+$211K) [Q2]
1.05% more ownership
Funds ownership: 10.18% [Q1] → 11.23% (+1.05%) [Q2]
10% less funds holding
Funds holding: 20 [Q1] → 18 (-2) [Q2]
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Research analyst outlook
We haven’t received any recent analyst ratings for LOCL.
Financial journalist opinion
Based on 5 articles about LOCL published over the past 30 days