Longboard Asset Management LP Purchases New Position in Seneca Foods Corp. $SENEA

Longboard Asset Management LP purchased a new stake in Seneca Foods Corp. (NASDAQ:SENEA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,223 shares of the company’s stock, valued at approximately $225,000.

Other large investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in Seneca Foods in the 4th quarter valued at about $54,000. Russell Investments Group Ltd. lifted its position in Seneca Foods by 179.2% in the 1st quarter. Russell Investments Group Ltd. now owns 726 shares of the company’s stock valued at $65,000 after acquiring an additional 466 shares in the last quarter. HFM Investment Advisors LLC bought a new position in Seneca Foods in the 1st quarter valued at about $71,000. Quantbot Technologies LP bought a new position in shares of Seneca Foods during the 1st quarter worth approximately $135,000. Finally, State of Wyoming lifted its position in shares of Seneca Foods by 128.0% during the 1st quarter. State of Wyoming now owns 1,838 shares of the company’s stock worth $164,000 after buying an additional 1,032 shares in the last quarter. Institutional investors own 42.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Seneca Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th.

Seneca Foods Trading Down 1.3%

Shares of SENEA stock opened at $105.78 on Thursday. The company’s fifty day simple moving average is $106.25 and its two-hundred day simple moving average is $95.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.11 and a quick ratio of 0.66. Seneca Foods Corp. has a 1 year low of $60.24 and a 1 year high of $115.40. The stock has a market capitalization of $726.07 million, a price-to-earnings ratio of 16.98 and a beta of 0.31.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.86 EPS for the quarter. The firm had revenue of $297.46 million during the quarter. Seneca Foods had a net margin of 2.76% and a return on equity of 10.07%.

About Seneca Foods

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.