Janney Montgomery Scott LLC raised its position in shares of Seneca Foods Co. (NASDAQ:SENEA – Free Report) by 8.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,367 shares of the company’s stock after purchasing an additional 650 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.11% of Seneca Foods worth $273,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SENEA. Alliancebernstein L.P. raised its holdings in shares of Seneca Foods by 3.5% in the 4th quarter. Alliancebernstein L.P. now owns 7,681 shares of the company’s stock worth $468,000 after acquiring an additional 259 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Seneca Foods by 5.5% in the first quarter. American Century Companies Inc. now owns 5,120 shares of the company’s stock valued at $265,000 after purchasing an additional 265 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Seneca Foods by 4.6% during the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,844 shares of the company’s stock valued at $358,000 after buying an additional 300 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Seneca Foods by 10.9% during the fourth quarter. Lazard Asset Management LLC now owns 3,236 shares of the company’s stock worth $197,000 after buying an additional 319 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Seneca Foods by 6.4% in the 1st quarter. Royal Bank of Canada now owns 5,368 shares of the company’s stock valued at $277,000 after buying an additional 322 shares during the last quarter. Institutional investors and hedge funds own 48.51% of the company’s stock.
Insider Activity
In other news, Director Pete Call acquired 1,000 shares of Seneca Foods stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of $49.37 per share, with a total value of $49,370.00. Following the completion of the acquisition, the director now owns 3,567 shares in the company, valued at $176,102.79. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 7.24% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Report on Seneca Foods
Seneca Foods Trading Down 0.4 %
NASDAQ:SENEA opened at $55.00 on Friday. Seneca Foods Co. has a 52 week low of $32.50 and a 52 week high of $68.74. The firm has a 50-day moving average price of $53.16 and a two-hundred day moving average price of $46.99. The firm has a market cap of $417.45 million, a price-to-earnings ratio of 8.36 and a beta of 0.48. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.51 and a current ratio of 4.19.
Seneca Foods (NASDAQ:SENEA – Get Free Report) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $2.84 EPS for the quarter. The company had revenue of $298.66 million during the quarter. Seneca Foods had a return on equity of 18.96% and a net margin of 3.32%.
Seneca Foods Profile
Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It operates through three segments: Fruits and Vegetables, Prepared Food Products, and Snack Products. The company offers canned, frozen, and bottled produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, Cherryman, Green Valley, and READ.
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