Assenagon Asset Management S.A. Sells 5,516 Shares of Seneca Foods Co. (NASDAQ:SENEA)

Assenagon Asset Management S.A. trimmed its holdings in Seneca Foods Co. (NASDAQ:SENEA) by 34.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,606 shares of the company’s stock after selling 5,516 shares during the period. Assenagon Asset Management S.A. owned 0.15% of Seneca Foods worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Seneca Foods during the third quarter worth $118,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Seneca Foods during the 3rd quarter worth $156,000. Rockbridge Investment Management LCC bought a new stake in shares of Seneca Foods during the 3rd quarter worth $220,000. Bleakley Financial Group LLC acquired a new stake in Seneca Foods in the third quarter valued at about $226,000. Finally, Clifford Capital Partners LLC bought a new position in Seneca Foods in the second quarter valued at about $243,000. 42.51% of the stock is currently owned by institutional investors.

Seneca Foods Stock Performance

NASDAQ SENEA opened at $74.41 on Friday. Seneca Foods Co. has a fifty-two week low of $43.89 and a fifty-two week high of $81.39. The stock has a market cap of $512.68 million, a PE ratio of 12.76 and a beta of 0.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.33 and a current ratio of 2.64. The firm’s fifty day moving average price is $74.71 and its two-hundred day moving average price is $66.21.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings results on Wednesday, November 6th. The company reported $3.52 earnings per share for the quarter. The company had revenue of $425.47 million for the quarter. Seneca Foods had a return on equity of 10.43% and a net margin of 2.79%.

About Seneca Foods

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred 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.