Royce & Associates LP Sells 16,404 Shares of Seneca Foods Corp. $SENEA

Royce & Associates LP lowered its holdings in Seneca Foods Corp. (NASDAQ:SENEA) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,703 shares of the company’s stock after selling 16,404 shares during the period. Royce & Associates LP owned approximately 3.81% of Seneca Foods worth $28,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in shares of Seneca Foods in the third quarter worth $28,000. EverSource Wealth Advisors LLC purchased a new stake in Seneca Foods during the 2nd quarter worth about $36,000. CWM LLC boosted its stake in Seneca Foods by 75.9% in the 3rd quarter. CWM LLC now owns 475 shares of the company’s stock worth $51,000 after purchasing an additional 205 shares during the period. Russell Investments Group Ltd. increased its position in shares of 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 buying an additional 267 shares during the period. Finally, O Brien Greene & Co. Inc bought a new stake in shares of Seneca Foods during the second quarter valued at about $203,000. 42.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SENEA shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seneca Foods in a research note on Monday, December 29th. Wall Street Zen raised shares of Seneca Foods from a “buy” rating to a “strong-buy” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Seneca Foods presently has a consensus rating of “Buy”.

Seneca Foods Stock Down 0.8%

NASDAQ:SENEA opened at $138.98 on Monday. The company has a current ratio of 4.34, a quick ratio of 0.72 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $118.97 and its two-hundred day moving average is $114.73. The company has a market cap of $940.89 million, a PE ratio of 10.69 and a beta of 0.02. Seneca Foods Corp. has a twelve month low of $80.00 and a twelve month high of $146.12.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings data on Thursday, February 5th. The company reported $6.48 earnings per share for the quarter. Seneca Foods had a return on equity of 12.30% and a net margin of 5.58%.The business had revenue of $508.35 million during the quarter.

Seneca Foods 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.