Panagora Asset Management Inc. Boosts Stake in Seneca Foods Corp (NASDAQ:SENEA)

Panagora Asset Management Inc. boosted its stake in Seneca Foods Corp (NASDAQ:SENEA) by 126.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,968 shares of the company’s stock after buying an additional 6,688 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.13% of Seneca Foods worth $333,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in shares of Seneca Foods by 3.2% during the 2nd quarter. Wells Fargo & Company MN now owns 11,963 shares of the company’s stock valued at $333,000 after purchasing an additional 372 shares in the last quarter. Rhumbline Advisers boosted its holdings in Seneca Foods by 2.3% during the first quarter. Rhumbline Advisers now owns 20,384 shares of the company’s stock worth $501,000 after purchasing an additional 458 shares during the last quarter. KBC Group NV boosted its holdings in Seneca Foods by 15.7% during the second quarter. KBC Group NV now owns 7,638 shares of the company’s stock worth $213,000 after purchasing an additional 1,036 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Seneca Foods by 608.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,501 shares of the company’s stock worth $37,000 after purchasing an additional 1,289 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Seneca Foods by 7.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,825 shares of the company’s stock worth $552,000 after acquiring an additional 1,325 shares in the last quarter. 49.65% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub raised shares of Seneca Foods from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

Shares of SENEA traded down $0.02 during mid-day trading on Friday, reaching $31.27. The company had a trading volume of 130 shares, compared to its average volume of 13,043. The company’s 50 day simple moving average is $28.04 and its 200 day simple moving average is $26.41. Seneca Foods Corp has a 1-year low of $21.97 and a 1-year high of $35.90. The company has a current ratio of 3.91, a quick ratio of 0.66 and a debt-to-equity ratio of 0.82.

Seneca Foods (NASDAQ:SENEA) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $264.93 million for the quarter. Seneca Foods had a net margin of 1.28% and a negative return on equity of 6.09%.

Seneca Foods Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It offers canned, frozen, and bottled produce; 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, READ, Green Valley, Cherryman, and Seneca Farms.

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Institutional Ownership by Quarter for Seneca Foods (NASDAQ:SENEA)

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