Edge Capital Group LLC Invests $5.92 Million in Seneca Foods Co. (NASDAQ:SENEA)

Edge Capital Group LLC bought a new position in shares of Seneca Foods Co. (NASDAQ:SENEA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 74,672 shares of the company’s stock, valued at approximately $5,919,000. Edge Capital Group LLC owned about 1.08% of Seneca Foods at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Van ECK Associates Corp grew its position in Seneca Foods by 73.6% in the 4th quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock valued at $58,000 after buying an additional 309 shares during the last quarter. SG Americas Securities LLC purchased a new position in Seneca Foods in the 3rd quarter valued at $118,000. Wilmington Savings Fund Society FSB purchased a new position in Seneca Foods in the 3rd quarter valued at $156,000. Rockbridge Investment Management LCC purchased a new position in Seneca Foods in the 3rd quarter valued at $220,000. Finally, Summit Global Investments purchased a new position in Seneca Foods in the 3rd quarter valued at $282,000. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

Seneca Foods Stock Performance

NASDAQ:SENEA opened at $80.49 on Monday. The firm’s fifty day moving average price is $76.22 and its 200 day moving average price is $68.60. Seneca Foods Co. has a 1-year low of $45.38 and a 1-year high of $81.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.38 and a quick ratio of 0.36. The firm has a market cap of $553.77 million, a price-to-earnings ratio of 14.69 and a beta of 0.25.

Seneca Foods (NASDAQ:SENEA) last issued its earnings results on Thursday, February 6th. The company reported $3.29 EPS for the quarter. Seneca Foods had a net margin of 2.49% and a return on equity of 9.71%.

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.