Peapod Lane Capital LLC Invests $4.63 Million in Seneca Foods Co. (NASDAQ:SENEA)

Peapod Lane Capital LLC purchased a new stake in Seneca Foods Co. (NASDAQ:SENEA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 58,380 shares of the company’s stock, valued at approximately $4,627,000. Seneca Foods comprises about 4.6% of Peapod Lane Capital LLC’s portfolio, making the stock its 3rd largest holding. Peapod Lane Capital LLC owned 0.85% of Seneca Foods at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its position in Seneca Foods by 73.6% in the fourth quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock worth $58,000 after buying an additional 309 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Seneca Foods in the 4th quarter worth about $291,000. Empowered Funds LLC boosted its stake in shares of Seneca Foods by 181.5% during the 4th quarter. Empowered Funds LLC now owns 9,651 shares of the company’s stock worth $765,000 after purchasing an additional 6,223 shares during the period. Bleakley Financial Group LLC grew its holdings in Seneca Foods by 4.1% during the 4th quarter. Bleakley Financial Group LLC now owns 3,778 shares of the company’s stock valued at $299,000 after purchasing an additional 148 shares during the last quarter. Finally, Money Concepts Capital Corp raised its position in Seneca Foods by 82.7% in the 4th quarter. Money Concepts Capital Corp now owns 29,442 shares of the company’s stock worth $2,334,000 after purchasing an additional 13,327 shares during the period. Hedge funds and other institutional investors own 42.51% of the company’s stock.

Seneca Foods Stock Down 0.6 %

Shares of NASDAQ SENEA opened at $79.09 on Thursday. Seneca Foods Co. has a 1 year low of $43.89 and a 1 year high of $81.39. The firm has a 50-day simple moving average of $75.42 and a two-hundred day simple moving average of $67.49. The company has a market cap of $544.93 million, a P/E ratio of 14.43 and a beta of 0.25. 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 (NASDAQ:SENEA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $3.29 earnings per share (EPS) for the quarter. Seneca Foods had a return on equity of 9.80% and a net margin of 2.49%.

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.