GAMMA Investing LLC Acquires 19,432 Shares of Seneca Foods Corp. (NASDAQ:SENEA)

GAMMA Investing LLC boosted its stake in Seneca Foods Corp. (NASDAQ:SENEA - Free Report) by 12,377.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,589 shares of the company's stock after acquiring an additional 19,432 shares during the period. GAMMA Investing LLC owned about 0.28% of Seneca Foods worth $1,744,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Lazard Asset Management LLC purchased a new position in shares of Seneca Foods during the fourth quarter valued at approximately $54,000. Van ECK Associates Corp boosted its position in Seneca Foods by 73.6% during the 4th quarter. Van ECK Associates Corp now owns 729 shares of the company's stock worth $58,000 after purchasing an additional 309 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Seneca Foods during the 4th quarter worth $87,000. Jump Financial LLC purchased a new stake in Seneca Foods during the 4th quarter worth $204,000. Finally, Metis Global Partners LLC purchased a new stake in Seneca Foods during the 4th quarter worth $222,000. 42.51% of the stock is owned by hedge funds and other institutional investors.

Seneca Foods Price Performance

SENEA stock traded down $1.02 on Wednesday, hitting $89.32. 125,388 shares of the company's stock traded hands, compared to its average volume of 28,394. Seneca Foods Corp. has a 1-year low of $56.36 and a 1-year high of $96.79. The stock has a market cap of $614.52 million, a price-to-earnings ratio of 15.16 and a beta of 0.41. The stock has a fifty day moving average of $89.47 and a 200-day moving average of $82.94. The company has a current ratio of 3.52, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last released its quarterly earnings data on Thursday, June 12th. The company reported $1.37 earnings per share for the quarter. Seneca Foods had a net margin of 2.61% and a return on equity of 11.03%. The firm had revenue of $345.84 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Seneca Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, April 29th.

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.