Insider Buying: Seneca Foods Corp (NASDAQ:SENEA) Chairman Purchases 1,000 Shares of Stock

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Seneca Foods Corp (NASDAQ:SENEA) Chairman Arthur S. Wolcott acquired 1,000 shares of Seneca Foods stock in a transaction on Monday, November 11th. The stock was purchased at an average cost of $35.00 per share, for a total transaction of $35,000.00. Following the purchase, the chairman now owns 9,551 shares in the company, valued at $334,285. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NASDAQ SENEA traded up $0.22 during trading hours on Friday, hitting $36.30. 11,000 shares of the company traded hands, compared to its average volume of 15,488. Seneca Foods Corp has a 12 month low of $21.97 and a 12 month high of $36.44. The company’s 50 day moving average price is $33.55 and its 200 day moving average price is $28.72. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.52 and a current ratio of 2.53.

Several equities analysts have recently weighed in on SENEA shares. BidaskClub downgraded Seneca Foods from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th. TheStreet raised Seneca Foods from a “d+” rating to a “c-” rating in a research report on Monday, October 28th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its stake in shares of Seneca Foods by 134.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,269 shares of the company’s stock worth $164,000 after purchasing an additional 3,021 shares during the last quarter. Comerica Bank purchased a new stake in shares of Seneca Foods during the 3rd quarter worth $208,000. KBC Group NV lifted its stake in shares of Seneca Foods by 15.7% during the 2nd quarter. KBC Group NV now owns 7,638 shares of the company’s stock worth $213,000 after purchasing an additional 1,036 shares during the last quarter. Heritage Investors Management Corp purchased a new stake in shares of Seneca Foods during the 2nd quarter worth $215,000. Finally, Boenning & Scattergood Inc. purchased a new stake in shares of Seneca Foods during the 3rd quarter worth $249,000. Hedge funds and other institutional investors own 49.16% of the company’s stock.

About Seneca Foods

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It offers canned, frozen, and bottled produce; 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, READ, Green Valley, Cherryman, and Seneca Farms.

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