Pacific Ridge Capital Partners LLC increased its stake in Landec Co. (NASDAQ:LNDC) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 263,142 shares of the basic materials company’s stock after acquiring an additional 9,010 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in Landec were worth $3,316,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of LNDC. Dynamic Technology Lab Private Ltd purchased a new position in Landec in the 3rd quarter valued at approximately $141,000. Citadel Advisors LLC purchased a new position in Landec in the 3rd quarter valued at approximately $188,000. Alliancebernstein L.P. purchased a new position in Landec in the 2nd quarter valued at approximately $241,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Landec in the 3rd quarter valued at approximately $241,000. Finally, First Trust Advisors LP purchased a new position in Landec in the 3rd quarter valued at approximately $281,000. 94.59% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on LNDC shares. Maxim Group reiterated a “buy” rating and issued a $18.00 price objective on shares of Landec in a research note on Wednesday, November 29th. Sidoti started coverage on shares of Landec in a research note on Wednesday, December 13th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Landec from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, BidaskClub upgraded shares of Landec from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Landec has a consensus rating of “Hold” and an average target price of $15.33.
Landec Co. (NASDAQ:LNDC) opened at $13.30 on Friday. Landec Co. has a one year low of $11.20 and a one year high of $14.95. The firm has a market cap of $374.28, a P/E ratio of 42.90 and a beta of 1.04. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.19.
Landec (NASDAQ:LNDC) last released its quarterly earnings data on Wednesday, January 3rd. The basic materials company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $136.50 million during the quarter, compared to analyst estimates of $135.82 million. Landec had a net margin of 1.64% and a return on equity of 3.75%. Landec’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. equities analysts predict that Landec Co. will post 0.5 earnings per share for the current fiscal year.
Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company operates through three segments: Packaged Fresh Vegetables, Food Export and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.
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