Ballentine Partners LLC Purchases Shares of 2,661 Seneca Foods Corp. $SENEA

Key Points

• Ballentine Partners LLC purchased 2,661 shares of Seneca Foods Corp., valued at approximately $270,000, during the second quarter, indicating growing institutional interest in the company.
• Several hedge funds have significantly increased their stakes in Seneca Foods, with Russell Investments Group Ltd. boosting its holdings by 179.2%.
• Seneca Foods has seen a stock price increase of 2.8%, with recent earnings reporting $0.86 earnings per share and $297.46 million in revenue for the quarter.

Ballentine Partners LLC bought a new stake in shares of Seneca Foods Corp. (NASDAQ:SENEA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,661 shares of the company's stock, valued at approximately $270,000.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in Seneca Foods by 179.2% during the 1st quarter. Russell Investments Group Ltd. now owns 726 shares of the company's stock worth $65,000 after purchasing an additional 466 shares in the last quarter. HFM Investment Advisors LLC bought a new position in shares of Seneca Foods during the first quarter valued at about $71,000. Quantbot Technologies LP purchased a new position in Seneca Foods during the first quarter worth about $135,000. State of Wyoming boosted its holdings in Seneca Foods by 128.0% during the first quarter. State of Wyoming now owns 1,838 shares of the company's stock worth $164,000 after purchasing an additional 1,032 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Seneca Foods in the 1st quarter worth about $206,000. Institutional investors and hedge funds own 42.51% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Seneca Foods from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th.

Seneca Foods Stock Up 2.8%

SENEA stock opened at $107.45 on Monday. The stock has a 50-day simple moving average of $106.62 and a two-hundred day simple moving average of $96.72. The firm has a market capitalization of $737.11 million, a PE ratio of 17.25 and a beta of 0.31. The company has a quick ratio of 0.66, a current ratio of 4.11 and a debt-to-equity ratio of 0.44. Seneca Foods Corp. has a twelve month low of $60.92 and a twelve month high of $115.40.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.86 earnings per share (EPS) for the quarter. The company had revenue of $297.46 million for the quarter. Seneca Foods had a return on equity of 10.07% and a net margin of 2.76%.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.