Van ECK Associates Corp Cuts Stake in Seneca Foods Co. (NASDAQ:SENEA)

Van ECK Associates Corp lessened its holdings in Seneca Foods Co. (NASDAQ:SENEA) by 29.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 420 shares of the company’s stock after selling 175 shares during the period. Van ECK Associates Corp’s holdings in Seneca Foods were worth $26,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Oppenheimer & Close LLC acquired a new stake in Seneca Foods in the second quarter valued at approximately $2,014,000. Marshall Wace LLP raised its holdings in shares of Seneca Foods by 42.3% in the 2nd quarter. Marshall Wace LLP now owns 46,186 shares of the company’s stock valued at $2,651,000 after purchasing an additional 13,725 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Seneca Foods by 199.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 13,421 shares of the company’s stock worth $837,000 after purchasing an additional 8,938 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Seneca Foods during the second quarter worth $268,000. Finally, Clifford Capital Partners LLC purchased a new position in Seneca Foods in the second quarter valued at $243,000. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Stock Up 1.7 %

Shares of NASDAQ SENEA opened at $66.56 on Friday. The business has a 50-day moving average of $62.76 and a two-hundred day moving average of $60.75. The company has a market capitalization of $461.26 million, a price-to-earnings ratio of 11.42 and a beta of 0.26. Seneca Foods Co. has a 1 year low of $43.89 and a 1 year high of $68.95. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.64 and a quick ratio of 0.33.

Seneca Foods Profile

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.