Kennondale Capital Management LLC bought a new position in shares of Seneca Foods Corp. (NASDAQ:SENEA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,721 shares of the company's stock, valued at approximately $598,000. Kennondale Capital Management LLC owned about 0.10% of Seneca Foods at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new position in shares of Seneca Foods in the 4th quarter valued at $54,000. KLP Kapitalforvaltning AS bought a new position in shares of Seneca Foods in the 4th quarter valued at $87,000. Teacher Retirement System of Texas bought a new position in shares of Seneca Foods in the 1st quarter valued at $206,000. Jump Financial LLC bought a new position in shares of Seneca Foods in the 4th quarter valued at $204,000. Finally, Janus Henderson Group PLC bought a new position in shares of Seneca Foods in the 4th quarter valued at $223,000. 42.51% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded Seneca Foods from a "buy" rating to a "hold" rating in a report on Tuesday, April 29th.
Read Our Latest Stock Analysis on Seneca Foods
Seneca Foods Trading Down 0.2%
Seneca Foods stock traded down $0.18 during mid-day trading on Friday, hitting $101.96. The company's stock had a trading volume of 11,670 shares, compared to its average volume of 44,290. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 0.71. The stock has a market cap of $702.50 million, a price-to-earnings ratio of 17.34 and a beta of 0.42. The business has a 50 day moving average price of $96.76 and a 200-day moving average price of $87.32. Seneca Foods Corp. has a 12 month low of $56.36 and a 12 month high of $106.83.
Seneca Foods (NASDAQ:SENEA - Get Free Report) last released its quarterly earnings results on Thursday, June 12th. The company reported $1.37 earnings per share (EPS) for the quarter. The company had revenue of $345.84 million during the quarter. Seneca Foods had a net margin of 2.61% and a return on equity of 11.03%.
About Seneca Foods
(
Free Report)
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.
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