Nationwide Fund Advisors Buys 516 Shares of Tejon Ranch Co (TRC)

Nationwide Fund Advisors grew its stake in Tejon Ranch Co (NYSE:TRC) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,662 shares of the real estate development and agribusiness company’s stock after acquiring an additional 516 shares during the quarter. Nationwide Fund Advisors’ holdings in Tejon Ranch were worth $199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TRC. Royce & Associates LP increased its stake in shares of Tejon Ranch by 9.2% in the 2nd quarter. Royce & Associates LP now owns 1,585,761 shares of the real estate development and agribusiness company’s stock worth $32,730,000 after acquiring an additional 133,000 shares during the last quarter. Moloney Securities Asset Management LLC increased its stake in shares of Tejon Ranch by 299.5% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 43,950 shares of the real estate development and agribusiness company’s stock worth $907,000 after acquiring an additional 32,950 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Tejon Ranch by 6.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 476,334 shares of the real estate development and agribusiness company’s stock worth $9,832,000 after acquiring an additional 30,128 shares during the last quarter. First Manhattan Co. increased its stake in shares of Tejon Ranch by 499.5% in the 2nd quarter. First Manhattan Co. now owns 6,001 shares of the real estate development and agribusiness company’s stock worth $123,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Reik & CO. LLC increased its stake in shares of Tejon Ranch by 3.4% in the 2nd quarter. Reik & CO. LLC now owns 147,976 shares of the real estate development and agribusiness company’s stock worth $3,055,000 after acquiring an additional 4,928 shares during the last quarter. 59.46% of the stock is owned by institutional investors and hedge funds.

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In other Tejon Ranch news, Director Daniel R. Tisch purchased 1,096,169 shares of the stock in a transaction dated Friday, October 27th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $19,731,042.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Geoffrey L. Stack purchased 5,555 shares of the stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average price of $18.00 per share, with a total value of $99,990.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,113,601 shares of company stock valued at $20,044,818. Company insiders own 29.40% of the company’s stock.

Separately, BidaskClub downgraded Tejon Ranch from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th.

Tejon Ranch Co (NYSE TRC) opened at $21.02 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 1.31. Tejon Ranch Co has a twelve month low of $18.59 and a twelve month high of $27.99.

Tejon Ranch Company Profile

Tejon Ranch Co is a diversified real estate development and agribusiness company. The Company operates through five segments: Real Estate-Commercial/Industrial; Real Estate-Resort/Residential; Mineral Resources; Farming Operations, and Ranch Operations. Its Real Estate-Commercial/Industrial segment is engaged in building, land lease activities, and land and building sales.

Institutional Ownership by Quarter for Tejon Ranch (NYSE:TRC)

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