Acuitas Investments LLC Boosts Stock Position in Seneca Foods Co. (NASDAQ:SENEA)

Acuitas Investments LLC grew its holdings in Seneca Foods Co. (NASDAQ:SENEA) by 0.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,488 shares of the company’s stock after buying an additional 309 shares during the quarter. Seneca Foods accounts for 1.8% of Acuitas Investments LLC’s investment portfolio, making the stock its 11th largest position. Acuitas Investments LLC owned about 0.83% of Seneca Foods worth $3,300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Range Financial Group LLC increased its position in shares of Seneca Foods by 2.6% in the first quarter. Range Financial Group LLC now owns 10,175 shares of the company’s stock valued at $579,000 after buying an additional 262 shares in the last quarter. Pullen Investment Management LLC increased its position in shares of Seneca Foods by 2.5% during the second quarter. Pullen Investment Management LLC now owns 16,461 shares of the company’s stock worth $945,000 after purchasing an additional 397 shares in the last quarter. Empowered Funds LLC increased its position in shares of Seneca Foods by 7.1% during the first quarter. Empowered Funds LLC now owns 13,251 shares of the company’s stock worth $754,000 after purchasing an additional 875 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Seneca Foods by 107.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,710 shares of the company’s stock worth $97,000 after purchasing an additional 884 shares in the last quarter. Finally, Anchor Capital Advisors LLC increased its position in shares of Seneca Foods by 4.1% during the first quarter. Anchor Capital Advisors LLC now owns 23,224 shares of the company’s stock worth $1,321,000 after purchasing an additional 913 shares in the last quarter. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

Seneca Foods Stock Performance

Shares of Seneca Foods stock opened at $60.13 on Friday. Seneca Foods Co. has a 52 week low of $43.89 and a 52 week high of $63.77. The business’s fifty day simple moving average is $60.18 and its 200-day simple moving average is $57.58. The firm has a market cap of $416.70 million, a PE ratio of 7.13 and a beta of 0.27. The company has a quick ratio of 0.46, a current ratio of 3.83 and a debt-to-equity ratio of 0.82.

Seneca Foods (NASDAQ:SENEA) last posted its earnings results on Thursday, June 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. Seneca Foods had a return on equity of 11.72% and a net margin of 3.61%. The firm had revenue of $307.98 million for the quarter.

Analyst Upgrades and Downgrades

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

Seneca Foods 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.