Seneca Foods (SENEA) Cut to Sell at BidaskClub
BidaskClub downgraded shares of Seneca Foods (NASDAQ:SENEA) from a hold rating to a sell rating in a research note issued to investors on Thursday.
Separately, TheStreet lowered shares of Seneca Foods from a c- rating to a d+ rating in a report on Tuesday, February 26th.
NASDAQ:SENEA opened at $24.07 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.29 and a current ratio of 1.51. Seneca Foods has a one year low of $23.87 and a one year high of $35.90.
In other news, Chairman Arthur S. Wolcott purchased 3,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $27.41 per share, for a total transaction of $82,230.00. Following the acquisition, the chairman now owns 8,551 shares in the company, valued at $234,382.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.47% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan bought a new stake in shares of Seneca Foods in the 4th quarter valued at $54,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Seneca Foods in the 4th quarter valued at $72,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Seneca Foods in the 4th quarter valued at $74,000. MetLife Investment Advisors LLC bought a new stake in shares of Seneca Foods in the 4th quarter valued at $101,000. Finally, Comerica Bank bought a new stake in shares of Seneca Foods in the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 48.44% of the company’s stock.
About Seneca Foods
Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It offers canned, frozen, and bottled produce; 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, READ, Green Valley, Cherryman, and Seneca Farms.
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