Pullen Investment Management LLC Purchases 247 Shares of Seneca Foods Corp. $SENEA

Pullen Investment Management LLC increased its position in shares of Seneca Foods Corp. (NASDAQ:SENEA) by 0.9% during the second quarter, HoldingsChannel reports. The fund owned 28,806 shares of the company’s stock after buying an additional 247 shares during the quarter. Seneca Foods comprises about 1.8% of Pullen Investment Management LLC’s portfolio, making the stock its 12th largest holding. Pullen Investment Management LLC’s holdings in Seneca Foods were worth $2,922,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SENEA. New York State Teachers Retirement System acquired a new position in Seneca Foods during the 2nd quarter worth about $43,000. Russell Investments Group Ltd. lifted its holdings in Seneca Foods by 179.2% during the 1st quarter. Russell Investments Group Ltd. now owns 726 shares of the company’s stock worth $65,000 after buying an additional 466 shares during the period. HFM Investment Advisors LLC acquired a new position in shares of Seneca Foods in the 1st quarter valued at about $71,000. Quantbot Technologies LP acquired a new position in shares of Seneca Foods in the 1st quarter valued at about $135,000. Finally, State of Wyoming lifted its stake in shares of Seneca Foods by 128.0% in the 1st quarter. State of Wyoming now owns 1,838 shares of the company’s stock valued at $164,000 after purchasing an additional 1,032 shares during the period. 42.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SENEA shares. Wall Street Zen downgraded Seneca Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings downgraded Seneca Foods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Seneca Foods Stock Performance

Shares of SENEA opened at $115.59 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 4.11. The stock has a 50 day moving average price of $111.00 and a two-hundred day moving average price of $100.49. The firm has a market capitalization of $792.95 million, a P/E ratio of 18.55 and a beta of 0.19. Seneca Foods Corp. has a 52 week low of $61.46 and a 52 week high of $124.00.

Seneca Foods (NASDAQ:SENEA) last issued its quarterly earnings data 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 return on equity of 10.07% and a net margin of 2.76%.

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.