Foundry Partners LLC Decreases Position in Seneca Foods Co. (NASDAQ:SENEA)

Foundry Partners LLC cut its position in Seneca Foods Co. (NASDAQ:SENEA) by 30.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 67,870 shares of the company’s stock after selling 30,270 shares during the period. Foundry Partners LLC’s holdings in Seneca Foods were worth $3,862,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Seneca Foods during the fourth quarter valued at approximately $43,000. SG Americas Securities LLC grew its position in Seneca Foods by 21.5% during the fourth quarter. SG Americas Securities LLC now owns 2,990 shares of the company’s stock valued at $157,000 after buying an additional 529 shares during the period. Procyon Advisors LLC bought a new stake in Seneca Foods during the fourth quarter valued at approximately $244,000. Janney Montgomery Scott LLC bought a new stake in Seneca Foods during the first quarter valued at approximately $255,000. Finally, BNP Paribas Financial Markets grew its position in Seneca Foods by 42.3% during the first quarter. BNP Paribas Financial Markets now owns 5,155 shares of the company’s stock valued at $293,000 after buying an additional 1,533 shares during the period. 42.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Seneca Foods from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th.

Seneca Foods Stock Performance

NASDAQ SENEA traded down $2.13 during trading hours on Thursday, hitting $61.46. 9,550 shares of the company’s stock traded hands, compared to its average volume of 33,675. The business’s fifty day moving average price is $59.41 and its two-hundred day moving average price is $55.63. The company has a current ratio of 6.40, a quick ratio of 0.62 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $427.76 million, a P/E ratio of 7.51 and a beta of 0.30. Seneca Foods Co. has a 52 week low of $33.43 and a 52 week high of $63.77.

Seneca Foods (NASDAQ:SENEA) last posted its quarterly earnings results on Thursday, June 13th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $307.98 million during the quarter. Seneca Foods had a return on equity of 13.74% and a net margin of 4.34%.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It operates through three segments: Fruits and Vegetables, Prepared Food Products, and Snack Products. The company offers canned, frozen, and bottled 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.