Peapod Lane Capital LLC Purchases New Position in Seneca Foods Co. (NASDAQ:SENEA)

Peapod Lane Capital LLC acquired a new position in Seneca Foods Co. (NASDAQ:SENEA) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 58,380 shares of the company’s stock, valued at approximately $4,627,000. Seneca Foods accounts for approximately 4.6% of Peapod Lane Capital LLC’s portfolio, making the stock its 3rd biggest holding.

Several other institutional investors also recently bought and sold shares of SENEA. 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. SG Americas Securities LLC purchased a new position in Seneca Foods during the third quarter valued at approximately $118,000. Wilmington Savings Fund Society FSB bought a new position in Seneca Foods in the third quarter worth approximately $156,000. Rockbridge Investment Management LCC purchased a new stake in Seneca Foods during the third quarter worth $220,000. Finally, Bleakley Financial Group LLC bought a new stake in Seneca Foods during the 3rd quarter valued at $226,000. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

Seneca Foods Trading Down 0.6 %

Shares of NASDAQ:SENEA opened at $79.09 on Thursday. The company has a market capitalization of $544.93 million, a PE ratio of 14.43 and a beta of 0.25. The company has a current ratio of 2.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.73. Seneca Foods Co. has a 12-month low of $43.89 and a 12-month high of $81.39. The business’s fifty day simple moving average is $75.42 and its 200-day simple moving average is $67.49.

Seneca Foods (NASDAQ:SENEA) last posted its earnings results on Thursday, February 6th. The company reported $3.29 earnings per share (EPS) for the quarter. Seneca Foods had a return on equity of 9.80% and a net margin of 2.49%.

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.