Assenagon Asset Management S.A. Sells 1,674 Shares of Seneca Foods Co. (NASDAQ:SENEA)

Assenagon Asset Management S.A. lessened its position in Seneca Foods Co. (NASDAQ:SENEAGet Rating) by 10.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,543 shares of the company’s stock after selling 1,674 shares during the quarter. Assenagon Asset Management S.A. owned 0.18% of Seneca Foods worth $734,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Wipfli Financial Advisors LLC bought a new stake in shares of Seneca Foods in the 3rd quarter worth about $30,000. Janney Montgomery Scott LLC lifted its holdings in Seneca Foods by 22.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 6,324 shares of the company’s stock valued at $319,000 after buying an additional 1,150 shares in the last quarter. Denali Advisors LLC lifted its holdings in Seneca Foods by 76.9% during the 3rd quarter. Denali Advisors LLC now owns 4,600 shares of the company’s stock valued at $232,000 after buying an additional 2,000 shares in the last quarter. Foundry Partners LLC lifted its holdings in Seneca Foods by 6.4% during the 3rd quarter. Foundry Partners LLC now owns 73,140 shares of the company’s stock valued at $3,689,000 after buying an additional 4,390 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Seneca Foods by 4.6% during the 2nd quarter. Prudential Financial Inc. now owns 46,267 shares of the company’s stock valued at $2,570,000 after buying an additional 2,045 shares in the last quarter. Institutional investors own 55.92% of the company’s stock.

Seneca Foods Stock Down 0.8 %

Shares of Seneca Foods stock opened at $63.49 on Monday. The firm’s 50 day moving average price is $63.07 and its 200-day moving average price is $58.45. The company has a quick ratio of 0.41, a current ratio of 2.26 and a debt-to-equity ratio of 0.59. Seneca Foods Co. has a 52-week low of $44.19 and a 52-week high of $68.74. The company has a market cap of $481.64 million, a P/E ratio of 11.42 and a beta of 0.71.

Seneca Foods (NASDAQ:SENEAGet Rating) last issued its earnings results on Wednesday, November 9th. The company reported $4.84 earnings per share (EPS) for the quarter. The company had revenue of $439.84 million during the quarter. Seneca Foods had a return on equity of 14.39% and a net margin of 3.13%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Seneca Foods in a report on Wednesday, October 12th. They set a “hold” rating for the company.

About Seneca Foods

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Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. 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.

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

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