Seneca Foods Corp. $SENEA Shares Purchased by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC boosted its holdings in Seneca Foods Corp. (NASDAQ:SENEA) by 41.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,151 shares of the company’s stock after purchasing an additional 630 shares during the quarter. Morgan Dempsey Capital Management LLC’s holdings in Seneca Foods were worth $218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SENEA. American Century Companies Inc. boosted its holdings in Seneca Foods by 161.5% in the first quarter. American Century Companies Inc. now owns 70,929 shares of the company’s stock valued at $6,316,000 after purchasing an additional 43,805 shares in the last quarter. Shufro Rose & Co. LLC lifted its stake in Seneca Foods by 259.1% in the first quarter. Shufro Rose & Co. LLC now owns 34,650 shares of the company’s stock valued at $3,085,000 after buying an additional 25,000 shares during the last quarter. Invesco Ltd. lifted its stake in Seneca Foods by 80.0% in the first quarter. Invesco Ltd. now owns 52,492 shares of the company’s stock valued at $4,674,000 after buying an additional 23,329 shares during the last quarter. Nuveen LLC purchased a new stake in Seneca Foods in the first quarter valued at approximately $1,392,000. Finally, Informed Momentum Co LLC purchased a new stake in Seneca Foods in the first quarter valued at approximately $1,032,000. 42.51% of the stock is owned by institutional investors and hedge funds.

Seneca Foods Price Performance

Seneca Foods stock opened at $122.04 on Friday. Seneca Foods Corp. has a 12 month low of $60.92 and a 12 month high of $123.27. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.11 and a quick ratio of 0.66. The business has a 50 day simple moving average of $109.60 and a 200-day simple moving average of $99.33. The stock has a market capitalization of $837.19 million, a PE ratio of 19.59 and a beta of 0.19.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.86 EPS for the quarter. Seneca Foods had a return on equity of 10.07% and a net margin of 2.76%.The business had revenue of $297.46 million during the quarter.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SENEA shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Seneca Foods in a research note on Wednesday, October 8th. Wall Street Zen cut Seneca Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Seneca Foods Company 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.