State of Tennessee Treasury Department boosted its stake in shares of Seneca Foods Corp (NASDAQ:SENEA) by 26.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,798 shares of the company’s stock after purchasing an additional 1,825 shares during the period. State of Tennessee Treasury Department’s holdings in Seneca Foods were worth $298,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Comerica Bank boosted its stake in Seneca Foods by 4.4% during the 1st quarter. Comerica Bank now owns 6,620 shares of the company’s stock valued at $225,000 after purchasing an additional 278 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Seneca Foods by 13.8% in the first quarter. BNP Paribas Arbitrage SA now owns 2,665 shares of the company’s stock worth $106,000 after acquiring an additional 323 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Seneca Foods by 5.6% during the first quarter. Ensign Peak Advisors Inc now owns 7,533 shares of the company’s stock worth $300,000 after buying an additional 400 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Seneca Foods by 7.6% during the first quarter. Alliancebernstein L.P. now owns 10,600 shares of the company’s stock valued at $422,000 after purchasing an additional 750 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Seneca Foods by 3.5% in the first quarter. Rhumbline Advisers now owns 24,114 shares of the company’s stock valued at $959,000 after buying an additional 810 shares during the period. Hedge funds and other institutional investors own 53.53% of the company’s stock.
Shares of Seneca Foods stock opened at $37.40 on Wednesday. The company has a market capitalization of $340.42 million, a P/E ratio of 4.83 and a beta of 0.69. The company has a current ratio of 2.95, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $42.83 and a 200 day simple moving average of $37.26. Seneca Foods Corp has a 12-month low of $25.04 and a 12-month high of $48.05.
Seneca Foods (NASDAQ:SENEA) last posted its earnings results on Wednesday, August 5th. The company reported $2.24 earnings per share for the quarter. Seneca Foods had a net margin of 5.29% and a return on equity of 17.17%. The business had revenue of $288.17 million for the quarter.
A number of brokerages have weighed in on SENEA. BidaskClub downgraded Seneca Foods from a “buy” rating to a “hold” rating in a research report on Thursday, September 10th. TheStreet raised Seneca Foods from a “c+” rating to a “b-” rating in a research report on Tuesday, July 28th.
Seneca Foods Company Profile
Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It offers canned, frozen, and bottled produce; 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, READ, Green Valley, Cherryman, and Seneca Farms.
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