Procyon Advisors LLC Buys Shares of 4,644 Seneca Foods Co. (NASDAQ:SENEA)

Procyon Advisors LLC bought a new stake in Seneca Foods Co. (NASDAQ:SENEAFree Report) during the fourth quarter, Holdings Channel.com reports. The firm bought 4,644 shares of the company’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SENEA. Charles Schwab Investment Management Inc. raised its holdings in shares of Seneca Foods by 41.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 90,282 shares of the company’s stock valued at $4,860,000 after buying an additional 26,598 shares during the period. Anchor Capital Advisors LLC purchased a new stake in shares of Seneca Foods in the 3rd quarter valued at $707,000. Carnegie Capital Asset Management LLC purchased a new stake in shares of Seneca Foods in the 3rd quarter valued at $296,000. Foundry Partners LLC raised its holdings in shares of Seneca Foods by 0.3% in the 3rd quarter. Foundry Partners LLC now owns 116,965 shares of the company’s stock valued at $6,296,000 after buying an additional 335 shares during the period. Finally, Caldwell Sutter Capital Inc. raised its holdings in shares of Seneca Foods by 3,130.8% in the 3rd quarter. Caldwell Sutter Capital Inc. now owns 10,371 shares of the company’s stock valued at $558,000 after buying an additional 10,050 shares during the period. Hedge funds and other institutional investors own 42.51% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Seneca Foods from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th.

Check Out Our Latest Report on SENEA

Seneca Foods Stock Performance

Shares of Seneca Foods stock opened at $56.90 on Friday. Seneca Foods Co. has a one year low of $32.50 and a one year high of $59.99. The company has a market cap of $405.13 million, a PE ratio of 7.54 and a beta of 0.32. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.49 and a current ratio of 4.81. The business has a 50-day simple moving average of $51.62 and a 200-day simple moving average of $52.29.

Seneca Foods (NASDAQ:SENEAGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported $3.70 EPS for the quarter. Seneca Foods had a return on equity of 14.48% and a net margin of 3.81%. The business had revenue of $444.48 million during the quarter.

Insider Transactions at Seneca Foods

In related news, CFO Michael S. Wolcott purchased 1,898 shares of Seneca Foods stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average cost of $45.05 per share, with a total value of $85,504.90. Following the completion of the transaction, the chief financial officer now directly owns 15,198 shares in the company, valued at $684,669.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.24% of the company’s stock.

Seneca Foods Company Profile

(Free Report)

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It operates through three segments: Fruits and Vegetables, Prepared Food Products, and Snack Products. The company offers canned, frozen, and bottled 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.

Further Reading

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Institutional Ownership by Quarter for Seneca Foods (NASDAQ:SENEA)

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