GAMMA Investing LLC Boosts Holdings in Seneca Foods Co. (NASDAQ:SENEA)

GAMMA Investing LLC increased its holdings in Seneca Foods Co. (NASDAQ:SENEA) by 12,377.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,589 shares of the company’s stock after purchasing an additional 19,432 shares during the period. GAMMA Investing LLC owned 0.28% of Seneca Foods worth $1,744,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SENEA. Lazard Asset Management LLC purchased a new position in Seneca Foods in the 4th quarter worth approximately $54,000. Van ECK Associates Corp increased its stake in Seneca Foods by 73.6% in the 4th quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock worth $58,000 after acquiring an additional 309 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Seneca Foods in the 4th quarter worth approximately $87,000. Jump Financial LLC bought a new stake in Seneca Foods in the 4th quarter worth approximately $204,000. Finally, Metis Global Partners LLC bought a new stake in Seneca Foods in the 4th quarter worth approximately $222,000. 42.51% of the stock is owned by hedge funds and other institutional investors.

Seneca Foods Trading Down 3.0%

Shares of NASDAQ SENEA opened at $90.26 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.38 and a quick ratio of 0.36. The stock has a market capitalization of $620.99 million, a P/E ratio of 16.47 and a beta of 0.41. Seneca Foods Co. has a 1-year low of $55.97 and a 1-year high of $96.79. The business has a fifty day moving average price of $89.05 and a 200 day moving average price of $82.64.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings results on Thursday, June 12th. The company reported $1.37 EPS for the quarter. Seneca Foods had a return on equity of 9.71% and a net margin of 2.49%. The company had revenue of $345.84 million during the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded 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.