Bridgeway Capital Management LLC Raises Stock Position in Seneca Foods Co. (NASDAQ:SENEA)

Bridgeway Capital Management LLC grew its stake in shares of Seneca Foods Co. (NASDAQ:SENEA) by 25.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,551 shares of the company’s stock after acquiring an additional 6,223 shares during the period. Bridgeway Capital Management LLC owned about 0.44% of Seneca Foods worth $2,421,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in shares of Seneca Foods by 73.6% in the 4th quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock valued at $58,000 after purchasing an additional 309 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Seneca Foods in the fourth quarter worth approximately $87,000. SG Americas Securities LLC lifted its holdings in Seneca Foods by 8.7% during the fourth quarter. SG Americas Securities LLC now owns 2,054 shares of the company’s stock worth $163,000 after buying an additional 165 shares during the period. Jump Financial LLC purchased a new stake in Seneca Foods during the fourth quarter worth $204,000. Finally, Metis Global Partners LLC bought a new stake in Seneca Foods during the 4th quarter valued at $222,000. Hedge funds and other institutional investors own 42.51% of the company’s stock.

Seneca Foods Stock Down 0.5 %

NASDAQ:SENEA opened at $88.50 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.36 and a current ratio of 3.38. The stock has a market capitalization of $608.88 million, a P/E ratio of 16.15 and a beta of 0.40. The company’s 50-day simple moving average is $86.62 and its 200-day simple moving average is $78.11. Seneca Foods Co. has a fifty-two week low of $51.79 and a fifty-two week high of $92.00.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings results on Thursday, February 6th. The company reported $3.29 earnings per share (EPS) for the quarter. Seneca Foods had a net margin of 2.49% and a return on equity of 9.71%.

Analyst Ratings Changes

Separately, StockNews.com cut Seneca Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, April 29th.

Seneca Foods Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred 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.