Tejon Ranch Co (NYSE:TRC) Director Frederick C. Tuomi purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were acquired at an average cost of $18.00 per share, with a total value of $18,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tejon Ranch Co (TRC) traded up $0.89 on Friday, hitting $19.61. 389,765 shares of the company were exchanged, compared to its average volume of 147,329. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 1.22.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royce & Associates LP raised its stake in shares of Tejon Ranch by 9.2% during the second quarter. Royce & Associates LP now owns 1,585,761 shares of the real estate development and agribusiness company’s stock worth $32,730,000 after buying an additional 133,000 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Tejon Ranch by 6.8% during the second quarter. Gamco Investors INC. ET AL now owns 476,334 shares of the real estate development and agribusiness company’s stock worth $9,832,000 after buying an additional 30,128 shares during the last quarter. Moloney Securities Asset Management LLC raised its stake in shares of Tejon Ranch by 299.5% during the second quarter. Moloney Securities Asset Management LLC now owns 43,950 shares of the real estate development and agribusiness company’s stock worth $907,000 after buying an additional 32,950 shares during the last quarter. Lee Danner & Bass Inc. raised its stake in shares of Tejon Ranch by 16.7% during the second quarter. Lee Danner & Bass Inc. now owns 14,000 shares of the real estate development and agribusiness company’s stock worth $289,000 after buying an additional 2,000 shares during the last quarter. Finally, Reik & CO. LLC raised its stake in shares of Tejon Ranch by 3.4% during the second quarter. Reik & CO. LLC now owns 147,976 shares of the real estate development and agribusiness company’s stock worth $3,055,000 after buying an additional 4,928 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Tejon Ranch Company Profile

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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