Seneca Foods Co. (NASDAQ:SENEA) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in Seneca Foods Co. (NASDAQ:SENEA) by 16.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,162 shares of the company’s stock after selling 3,081 shares during the quarter. Assenagon Asset Management S.A. owned 0.23% of Seneca Foods worth $928,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Anchor Capital Advisors LLC boosted its stake in shares of Seneca Foods by 69.8% during the 4th quarter. Anchor Capital Advisors LLC now owns 22,311 shares of the company’s stock valued at $1,170,000 after buying an additional 9,173 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Seneca Foods by 34.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 121,546 shares of the company’s stock worth $6,374,000 after purchasing an additional 31,264 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in 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 during the last quarter. Janney Montgomery Scott LLC bought a new position in Seneca Foods during the first quarter worth $255,000. Finally, Caldwell Sutter Capital Inc. lifted its stake in Seneca Foods by 9.7% during the first quarter. Caldwell Sutter Capital Inc. now owns 22,685 shares of the company’s stock worth $1,291,000 after purchasing an additional 2,000 shares during the last quarter. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Seneca Foods Price Performance

Shares of SENEA opened at $60.06 on Friday. The firm has a market capitalization of $416.22 million, a price-to-earnings ratio of 7.19 and a beta of 0.30. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.46 and a current ratio of 3.83. Seneca Foods Co. has a one year low of $43.89 and a one year high of $63.77. The stock’s fifty day moving average is $59.58 and its 200-day moving average is $56.77.

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

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.