Seneca Foods Co. (NASDAQ:SENEA) Shares Acquired by Acuitas Investments LLC

Acuitas Investments LLC lifted its holdings in shares of Seneca Foods Co. (NASDAQ:SENEA) by 123.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,501 shares of the company’s stock after buying an additional 62,707 shares during the quarter. Seneca Foods makes up approximately 3.0% of Acuitas Investments LLC’s investment portfolio, making the stock its largest position. Acuitas Investments LLC’s holdings in Seneca Foods were worth $5,952,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SENEA. Allspring Global Investments Holdings LLC purchased a new stake in shares of Seneca Foods during the fourth quarter worth approximately $43,000. Guardian Wealth Management Inc. purchased a new stake in shares of Seneca Foods during the third quarter worth approximately $66,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Seneca Foods during the third quarter worth approximately $118,000. SG Americas Securities LLC purchased a new stake in shares of Seneca Foods during the third quarter worth approximately $132,000. Finally, Caxton Associates LP purchased a new stake in shares of Seneca Foods during the third quarter worth approximately $230,000. 42.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Seneca Foods

In other Seneca Foods news, CFO Michael S. Wolcott purchased 1,898 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $45.05 per share, with a total value of $85,504.90. Following the purchase, the chief financial officer now directly owns 15,198 shares in the company, valued at approximately $684,669.90. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Seneca Foods Trading Up 2.2 %

NASDAQ:SENEA traded up $1.26 during trading hours on Wednesday, hitting $58.43. The company had a trading volume of 24,091 shares, compared to its average volume of 34,802. The company has a current ratio of 4.81, a quick ratio of 0.49 and a debt-to-equity ratio of 1.05. The company has a 50-day moving average of $53.22 and a 200 day moving average of $52.63. The company has a market cap of $416.02 million, a P/E ratio of 7.74 and a beta of 0.34. Seneca Foods Co. has a 1 year low of $32.50 and a 1 year high of $59.99.

Seneca Foods (NASDAQ:SENEA) last issued its earnings results on Thursday, February 8th. The company reported $3.70 earnings per share (EPS) for the quarter. The company had revenue of $444.48 million during the quarter. Seneca Foods had a return on equity of 14.48% and a net margin of 3.81%.

Seneca Foods Profile

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.