Seneca Foods Co. (NASDAQ:SENEA) Holdings Increased by Acuitas Investments LLC

Acuitas Investments LLC increased its position in Seneca Foods Co. (NASDAQ:SENEA) by 123.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,501 shares of the company’s stock after purchasing an additional 62,707 shares during the period. Seneca Foods makes up approximately 3.0% of Acuitas Investments LLC’s holdings, making the stock its biggest position. Acuitas Investments LLC owned 1.59% of Seneca Foods worth $5,952,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SENEA. SG Americas Securities LLC bought a new position in Seneca Foods in the 3rd quarter worth about $132,000. Caldwell Sutter Capital Inc. boosted its stake in Seneca Foods by 3,130.8% in the 3rd quarter. Caldwell Sutter Capital Inc. now owns 10,371 shares of the company’s stock worth $558,000 after purchasing an additional 10,050 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Seneca Foods in the 3rd quarter worth about $118,000. Shufro Rose & Co. LLC lifted its stake in Seneca Foods by 12.4% during the 3rd quarter. Shufro Rose & Co. LLC now owns 13,600 shares of the company’s stock valued at $732,000 after acquiring an additional 1,500 shares during the period. Finally, Marquette Asset Management LLC lifted its stake in Seneca Foods by 21.1% during the 3rd quarter. Marquette Asset Management LLC now owns 10,665 shares of the company’s stock valued at $574,000 after acquiring an additional 1,858 shares during the period. Institutional investors own 42.51% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Seneca Foods

In related news, CFO Michael S. Wolcott acquired 1,898 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was acquired at an average cost of $45.05 per share, with a total value of $85,504.90. Following the acquisition, the chief financial officer now directly owns 15,198 shares in the company, valued at approximately $684,669.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 7.24% of the company’s stock.

Seneca Foods Stock Performance

Shares of NASDAQ:SENEA traded up $1.26 during trading on Wednesday, hitting $58.43. The company’s stock had a trading volume of 24,091 shares, compared to its average volume of 34,802. The company has a 50-day moving average of $53.22 and a 200-day moving average of $52.63. Seneca Foods Co. has a 12 month low of $32.50 and a 12 month high of $59.99. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.81 and a quick ratio of 0.49. The firm has a market cap of $416.02 million, a price-to-earnings ratio of 7.74 and a beta of 0.34.

Seneca Foods (NASDAQ:SENEA) last released 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 net margin of 3.81% and a return on equity of 14.48%.

Seneca Foods Company 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.