Tejon Ranch (NYSE:TRC) major shareholder Towerview Llc acquired 19,668 shares of the stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $13.69 per share, for a total transaction of $269,254.92. Following the completion of the transaction, the insider now owns 3,745,332 shares of the company’s stock, valued at approximately $51,273,595.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Towerview Llc also recently made the following trade(s):
- On Tuesday, September 8th, Towerview Llc acquired 5,332 shares of Tejon Ranch stock. The shares were purchased at an average price of $13.79 per share, for a total transaction of $73,528.28.
- On Wednesday, July 8th, Towerview Llc purchased 5,649 shares of Tejon Ranch stock. The stock was bought at an average price of $13.86 per share, for a total transaction of $78,295.14.
- On Friday, June 26th, Towerview Llc purchased 4,351 shares of Tejon Ranch stock. The stock was bought at an average price of $13.82 per share, for a total transaction of $60,130.82.
- On Wednesday, June 24th, Towerview Llc purchased 28,272 shares of Tejon Ranch stock. The stock was bought at an average price of $13.94 per share, for a total transaction of $394,111.68.
Shares of NYSE:TRC opened at $13.66 on Friday. The business’s fifty day moving average price is $14.75 and its two-hundred day moving average price is $14.27. Tejon Ranch has a fifty-two week low of $12.12 and a fifty-two week high of $18.89. The stock has a market capitalization of $363.01 million, a price-to-earnings ratio of 41.94 and a beta of 0.70. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.20 and a quick ratio of 4.59.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Tejon Ranch in the first quarter worth $110,000. Citigroup Inc. boosted its stake in Tejon Ranch by 18.6% in the first quarter. Citigroup Inc. now owns 9,826 shares of the real estate development and agribusiness company’s stock worth $138,000 after purchasing an additional 1,538 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Tejon Ranch in the first quarter worth $170,000. IndexIQ Advisors LLC acquired a new position in Tejon Ranch in the first quarter worth $187,000. Finally, Parametric Portfolio Associates LLC acquired a new position in Tejon Ranch in the first quarter worth $240,000. 69.12% of the stock is currently owned by institutional investors.
Tejon Ranch Company Profile
Tejon Ranch Co operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the entitling, planning, and permitting of land for development; construction of infrastructure; construction of pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.
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