Seneca Foods Corp. (NASDAQ:SENEA) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of Seneca Foods Corp. (NASDAQ:SENEA) by 10.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,456 shares of the company’s stock after selling 846 shares during the quarter. Rhumbline Advisers owned about 0.11% of Seneca Foods worth $664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Seneca Foods by 12,377.1% in the first quarter. GAMMA Investing LLC now owns 19,589 shares of the company’s stock worth $1,744,000 after purchasing an additional 19,432 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Seneca Foods by 171.8% in the fourth 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 boosted its stake in Seneca Foods by 46.2% during the fourth quarter. Pullen Investment Management LLC now owns 27,974 shares of the company’s stock valued at $2,217,000 after buying an additional 8,842 shares in the last quarter. Edge Capital Group LLC bought a new position in Seneca Foods during the fourth quarter valued at about $5,919,000. Finally, Bailard Inc. bought a new position in Seneca Foods during the fourth quarter valued at about $317,000. Institutional investors own 42.51% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Seneca Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, April 29th.

Seneca Foods Trading Up 1.1%

Shares of NASDAQ SENEA opened at $90.29 on Friday. Seneca Foods Corp. has a 12 month low of $56.36 and a 12 month high of $96.79. The company has a market cap of $622.10 million, a price-to-earnings ratio of 15.33 and a beta of 0.41. The company has a quick ratio of 0.71, a current ratio of 3.52 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $89.72 and a 200-day simple moving average of $83.24.

Seneca Foods (NASDAQ:SENEA) last announced its earnings results on Thursday, June 12th. The company reported $1.37 EPS for the quarter. Seneca Foods had a return on equity of 11.03% and a net margin of 2.61%. The business had revenue of $345.84 million during the quarter.

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.