Tejon Ranch Co (NYSE:TRC) insider Allen E. Lyda purchased 5,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $90,000.00. Following the completion of the acquisition, the insider now owns 104,977 shares of the company’s stock, valued at approximately $1,889,586. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Tejon Ranch Co (NYSE:TRC) traded up $0.89 during trading hours on Friday, reaching $19.61. 389,765 shares of the company’s stock traded hands, compared to its average volume of 147,329. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 0.94.

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Several hedge funds have recently bought and sold shares of TRC. First Manhattan Co. boosted its stake in shares of Tejon Ranch by 499.5% during the 2nd quarter. First Manhattan Co. now owns 6,001 shares of the real estate development and agribusiness company’s stock worth $123,000 after acquiring an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Tejon Ranch by 19.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,965 shares of the real estate development and agribusiness company’s stock worth $185,000 after acquiring an additional 1,436 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Tejon Ranch by 5.6% during the 2nd quarter. Nationwide Fund Advisors now owns 9,662 shares of the real estate development and agribusiness company’s stock worth $199,000 after acquiring an additional 516 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Tejon Ranch by 2.0% during the 2nd quarter. Wells Fargo & Company MN now owns 9,777 shares of the real estate development and agribusiness company’s stock worth $201,000 after acquiring an additional 189 shares in the last quarter. Finally, PDT Partners LLC purchased a new stake in shares of Tejon Ranch during the 2nd quarter worth about $222,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub lowered shares of Tejon Ranch from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th.

About Tejon Ranch

Tejon Ranch Co is a diversified real estate development and agribusiness company. The Company operates through five segments: Real Estate-Commercial/Industrial; Real Estate-Resort/Residential; Mineral Resources; Farming Operations, and Ranch Operations. Its Real Estate-Commercial/Industrial segment is engaged in building, land lease activities, and land and building sales.

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