Informed Momentum Co LLC Invests $1.03 Million in Seneca Foods Corp. (NASDAQ:SENEA)

Key Points

• Informed Momentum Co LLC has purchased 11,585 shares of Seneca Foods Corp. valued at approximately $1,032,000, marking a new investment in the company.
• Other institutional investors, including Vanguard Group and Invesco Ltd., have also increased their stakes in Seneca Foods, indicating growing institutional interest.
• Seneca Foods recently reported earnings of $0.86 per share for the last quarter, with a net margin of 2.76% and revenue of $297.46 million.

Informed Momentum Co LLC acquired a new position in Seneca Foods Corp. (NASDAQ:SENEA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,585 shares of the company's stock, valued at approximately $1,032,000. Informed Momentum Co LLC owned approximately 0.17% of Seneca Foods as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Seneca Foods by 2.1% in the first quarter. Vanguard Group Inc. now owns 307,325 shares of the company's stock worth $27,364,000 after buying an additional 6,208 shares in the last quarter. Northern Trust Corp raised its stake in Seneca Foods by 11.1% in the fourth quarter. Northern Trust Corp now owns 70,134 shares of the company's stock worth $5,559,000 after buying an additional 7,020 shares in the last quarter. Invesco Ltd. raised its stake in Seneca Foods by 80.0% in the first quarter. Invesco Ltd. now owns 52,492 shares of the company's stock worth $4,674,000 after buying an additional 23,329 shares in the last quarter. Shufro Rose & Co. LLC raised its stake in Seneca Foods by 259.1% in the first quarter. Shufro Rose & Co. LLC now owns 34,650 shares of the company's stock worth $3,085,000 after buying an additional 25,000 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in Seneca Foods by 25.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 30,551 shares of the company's stock worth $2,421,000 after buying an additional 6,223 shares in the last quarter. Institutional investors own 42.51% of the company's stock.

Seneca Foods Stock Performance

Shares of NASDAQ SENEA traded up $0.01 during mid-day trading on Friday, hitting $104.32. The stock had a trading volume of 80,509 shares, compared to its average volume of 40,609. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 4.11. The company has a 50 day moving average of $100.22 and a two-hundred day moving average of $90.74. Seneca Foods Corp. has a twelve month low of $59.21 and a twelve month high of $107.36. The firm has a market cap of $718.76 million, a PE ratio of 16.74 and a beta of 0.38.

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

Analysts Set New Price Targets

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

Seneca Foods 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.