Dimensional Fund Advisors LP Reduces Stock Position in Seneca Foods Co. (NASDAQ:SENEA)

Dimensional Fund Advisors LP decreased its position in shares of Seneca Foods Co. (NASDAQ:SENEA) by 0.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 460,607 shares of the company’s stock after selling 3,755 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.07% of Seneca Foods worth $26,439,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in Seneca Foods by 10.9% in the second quarter. American Century Companies Inc. now owns 8,676 shares of the company’s stock valued at $498,000 after purchasing an additional 856 shares during the period. Anchor Capital Advisors LLC grew its stake in Seneca Foods by 3.1% in the 2nd quarter. Anchor Capital Advisors LLC now owns 23,942 shares of the company’s stock worth $1,374,000 after acquiring an additional 718 shares during the period. Acuitas Investments LLC grew its stake in Seneca Foods by 0.5% in the 2nd quarter. Acuitas Investments LLC now owns 57,488 shares of the company’s stock worth $3,300,000 after acquiring an additional 309 shares during the period. Pullen Investment Management LLC grew its stake in shares of Seneca Foods by 2.5% during the 2nd quarter. Pullen Investment Management LLC now owns 16,461 shares of the company’s stock valued at $945,000 after buying an additional 397 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Seneca Foods by 3.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 27,294 shares of the company’s stock valued at $1,567,000 after buying an additional 1,013 shares during the period. Hedge funds and other institutional investors own 42.51% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Seneca Foods from a “sell” rating to a “hold” rating in a report on Thursday, June 20th.

Seneca Foods Price Performance

Shares of NASDAQ:SENEA opened at $62.02 on Thursday. The company has a quick ratio of 0.46, a current ratio of 3.83 and a debt-to-equity ratio of 0.82. Seneca Foods Co. has a fifty-two week low of $43.89 and a fifty-two week high of $65.50. The firm has a 50-day simple moving average of $60.72 and a 200 day simple moving average of $59.18. The company has a market cap of $429.80 million, a PE ratio of 7.36 and a beta of 0.27.

Seneca Foods (NASDAQ:SENEA) last posted its earnings results on Thursday, August 8th. The company reported $1.49 EPS for the quarter. Seneca Foods had a net margin of 3.61% and a return on equity of 11.72%. The firm had revenue of $304.73 million during the quarter.

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.