Tejon Ranch Co. (NYSE:TRC) Director Sells $39,000.00 in Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $15.60, for a total value of $39,000.00. Following the completion of the sale, the director now directly owns 67,544 shares of the company’s stock, valued at approximately $1,053,686.40. This trade represents a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Tejon Ranch Trading Down 3.6 %

Shares of Tejon Ranch stock opened at $15.24 on Monday. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $15.89 and a 200 day simple moving average of $16.88. Tejon Ranch Co. has a 12-month low of $14.70 and a 12-month high of $19.82. The company has a market capitalization of $408.78 million, a P/E ratio of -1,524,000.00 and a beta of 0.59.

Tejon Ranch (NYSE:TRC) last announced its earnings results on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. The firm had revenue of $10.86 million during the quarter, compared to analysts’ expectations of $10.19 million. On average, sell-side analysts anticipate that Tejon Ranch Co. will post -0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tejon Ranch

Hedge funds have recently modified their holdings of the company. Rhumbline Advisers increased its position in shares of Tejon Ranch by 2.3% during the second quarter. Rhumbline Advisers now owns 33,924 shares of the real estate development and agribusiness company’s stock valued at $579,000 after acquiring an additional 770 shares during the last quarter. Accordant Advisory Group Inc increased its position in shares of Tejon Ranch by 3.7% during the 3rd quarter. Accordant Advisory Group Inc now owns 32,358 shares of the real estate development and agribusiness company’s stock valued at $568,000 after purchasing an additional 1,169 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Tejon Ranch by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company’s stock valued at $3,413,000 after purchasing an additional 1,486 shares during the last quarter. Quent Capital LLC bought a new stake in shares of Tejon Ranch during the 3rd quarter worth $42,000. Finally, SG Americas Securities LLC grew its position in Tejon Ranch by 29.7% during the third quarter. SG Americas Securities LLC now owns 14,586 shares of the real estate development and agribusiness company’s stock valued at $256,000 after buying an additional 3,337 shares during the period. Institutional investors own 60.63% of the company’s stock.

About Tejon Ranch

Tejon Ranch Co, together with its subsidiaries, 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 planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.