Draper Asset Management LLC Takes Position in Seneca Foods Corp. $SENEA

Draper Asset Management LLC bought a new position in Seneca Foods Corp. (NASDAQ:SENEA) during the 1st quarter, Holdings Channel reports. The fund bought 6,533 shares of the company’s stock, valued at approximately $987,000. Seneca Foods accounts for about 0.6% of Draper Asset Management LLC’s portfolio, making the stock its 19th biggest holding.

A number of other hedge funds also recently made changes to their positions in SENEA. Ritholtz Wealth Management boosted its stake in Seneca Foods by 68.6% during the first quarter. Ritholtz Wealth Management now owns 18,988 shares of the company’s stock valued at $2,869,000 after buying an additional 7,723 shares during the last quarter. OP Asset Management Ltd bought a new stake in Seneca Foods in the 1st quarter worth approximately $695,000. Assenagon Asset Management S.A. increased its stake in Seneca Foods by 13.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 11,938 shares of the company’s stock worth $1,804,000 after acquiring an additional 1,451 shares during the last quarter. Baron Wealth Management LLC bought a new stake in Seneca Foods in the 1st quarter worth approximately $245,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Seneca Foods during the 4th quarter worth approximately $722,000. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

Seneca Foods Stock Up 1.0%

Shares of SENEA opened at $168.16 on Friday. The company has a quick ratio of 1.07, a current ratio of 5.06 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $145.30 and a 200 day moving average of $134.53. The company has a market cap of $1.14 billion, a PE ratio of 10.13 and a beta of -0.03. Seneca Foods Corp. has a 52-week low of $95.55 and a 52-week high of $181.43.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SENEA shares. Freedom Capital raised shares of Seneca Foods to a “strong-buy” rating in a report on Wednesday, May 20th. Wall Street Zen raised shares of Seneca Foods from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings upgraded shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Seneca Foods Company Profile

Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.