Seneca Foods Corp. $SENEA Shares Sold by Pullen Investment Management LLC

Pullen Investment Management LLC reduced its position in Seneca Foods Corp. (NASDAQ:SENEA) by 40.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,043 shares of the company’s stock after selling 13,651 shares during the quarter. Seneca Foods makes up about 1.5% of Pullen Investment Management LLC’s investment portfolio, making the stock its 16th biggest holding. Pullen Investment Management LLC owned approximately 0.30% of Seneca Foods worth $3,029,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new position in shares of Seneca Foods in the 2nd quarter worth approximately $36,000. Quarry LP bought a new position in Seneca Foods during the third quarter worth $57,000. Employees Retirement System of Texas acquired a new position in Seneca Foods in the third quarter worth $64,000. Van ECK Associates Corp boosted its holdings in Seneca Foods by 34.8% in the third quarter. Van ECK Associates Corp now owns 818 shares of the company’s stock worth $88,000 after purchasing an additional 211 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Seneca Foods by 36.8% during the second quarter. Russell Investments Group Ltd. now owns 993 shares of the company’s stock valued at $101,000 after purchasing an additional 267 shares during the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Stock Performance

Shares of NASDAQ SENEA opened at $155.85 on Friday. Seneca Foods Corp. has a 12-month low of $89.50 and a 12-month high of $181.43. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 9.39 and a beta of -0.03. The company has a current ratio of 5.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $145.44 and its 200 day simple moving average is $133.14.

Analyst Ratings Changes

A number of analysts have weighed in on SENEA shares. Weiss Ratings raised shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 15th. Wall Street Zen raised shares of Seneca Foods from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Finally, Freedom Capital raised shares of Seneca Foods to a “strong-buy” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, Seneca Foods presently has a consensus rating of “Strong Buy”.

Seneca Foods Company Profile

Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit?based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit?based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private?label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.