Seneca Foods Corp. (NASDAQ:SENEA) Shares Bought by Shufro Rose & Co. LLC

Key Points

• Shufro Rose & Co. LLC increased its stake in Seneca Foods Corp. by 259.1% during the first quarter, owning a total of 34,650 shares worth $3,085,000.
• GAMMA Investing LLC saw the largest increase, boosting its position in Seneca Foods by an astounding 12,377.1% during the same period.
• Seneca Foods received a downgrade from "buy" to "hold" by Wall Street Zen on April 29th.

Shufro Rose & Co. LLC lifted its position in Seneca Foods Corp. (NASDAQ:SENEA - Free Report) by 259.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 34,650 shares of the company's stock after purchasing an additional 25,000 shares during the period. Shufro Rose & Co. LLC owned about 0.50% of Seneca Foods worth $3,085,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SENEA. GAMMA Investing LLC increased its holdings in shares of Seneca Foods by 12,377.1% during the first quarter. GAMMA Investing LLC now owns 19,589 shares of the company's stock valued at $1,744,000 after acquiring an additional 19,432 shares in the last quarter. American Century Companies Inc. lifted its holdings in Seneca Foods by 171.8% in the 4th quarter. American Century Companies Inc. now owns 27,124 shares of the company's stock worth $2,150,000 after purchasing an additional 17,145 shares in the last quarter. Pullen Investment Management LLC lifted its holdings in Seneca Foods by 46.2% in the 4th quarter. Pullen Investment Management LLC now owns 27,974 shares of the company's stock worth $2,217,000 after purchasing an additional 8,842 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Seneca Foods during the 1st quarter worth approximately $206,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Seneca Foods by 12.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 28,830 shares of the company's stock worth $2,285,000 after acquiring an additional 3,157 shares in the last quarter. Institutional investors own 42.51% of the company's stock.

Seneca Foods Stock Down 0.3%

Shares of SENEA traded down $0.30 during midday trading on Monday, reaching $103.14. 4,166 shares of the stock were exchanged, compared to its average volume of 44,203. Seneca Foods Corp. has a 52 week low of $56.36 and a 52 week high of $107.36. The company has a current ratio of 3.52, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44. The company's 50 day moving average is $98.21 and its two-hundred day moving average is $88.75. The company has a market capitalization of $710.64 million, a P/E ratio of 17.54 and a beta of 0.38.

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

Wall Street Analyst Weigh In

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

About Seneca Foods

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.