Bessemer Group Inc. lifted its stake in shares of Landec Co. (NASDAQ:LNDC) by 46.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,100 shares of the basic materials company’s stock after buying an additional 18,500 shares during the period. Bessemer Group Inc. owned approximately 0.20% of Landec worth $688,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. First Trust Advisors LP lifted its holdings in shares of Landec by 34.9% in the third quarter. First Trust Advisors LP now owns 42,127 shares of the basic materials company’s stock valued at $607,000 after purchasing an additional 10,891 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Landec by 1.7% in the third quarter. Wells Fargo & Company MN now owns 269,793 shares of the basic materials company’s stock valued at $3,885,000 after purchasing an additional 4,470 shares in the last quarter. Chartwell Investment Partners LLC lifted its holdings in shares of Landec by 5.5% in the third quarter. Chartwell Investment Partners LLC now owns 112,254 shares of the basic materials company’s stock valued at $1,616,000 after purchasing an additional 5,865 shares in the last quarter. Heartland Advisors Inc. lifted its holdings in shares of Landec by 2.8% in the third quarter. Heartland Advisors Inc. now owns 838,900 shares of the basic materials company’s stock valued at $12,080,000 after purchasing an additional 23,150 shares in the last quarter. Finally, Martingale Asset Management L P lifted its holdings in shares of Landec by 101.0% in the third quarter. Martingale Asset Management L P now owns 99,926 shares of the basic materials company’s stock valued at $1,439,000 after purchasing an additional 50,203 shares in the last quarter. Institutional investors and hedge funds own 88.98% of the company’s stock.

A number of research firms have recently weighed in on LNDC. Zacks Investment Research lowered Landec from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. BidaskClub upgraded Landec from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Finally, ValuEngine lowered Landec from a “buy” rating to a “hold” rating in a report on Monday, February 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.50.

In other Landec news, CFO Gregory S. Skinner purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 8th. The shares were acquired at an average cost of $11.25 per share, for a total transaction of $281,250.00. Following the completion of the acquisition, the chief financial officer now owns 288,036 shares of the company’s stock, valued at approximately $3,240,405. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nelson Obus purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The shares were acquired at an average price of $12.38 per share, for a total transaction of $247,600.00. Following the completion of the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $309,500. The disclosure for this purchase can be found here. Insiders have purchased 78,900 shares of company stock worth $921,228 over the last quarter. 15.04% of the stock is currently owned by corporate insiders.

Shares of Landec stock opened at $12.29 on Friday. The firm has a market cap of $358.50 million, a P/E ratio of 29.98 and a beta of 0.95. Landec Co. has a 12 month low of $10.17 and a 12 month high of $15.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.95.

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Landec Profile

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through two segments, Packaged Fresh Vegetables and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.

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Institutional Ownership by Quarter for Landec (NASDAQ:LNDC)

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