Landec Corporation (NASDAQ:LNDC) CEO Molly Hemmeter sold 7,399 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $13.06, for a total transaction of $96,630.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Landec Corporation (NASDAQ:LNDC) remained flat at $13.00 during midday trading on Tuesday. 34,702 shares of the stock traded hands. Landec Corporation has a 52 week low of $11.20 and a 52 week high of $15.50. The firm has a market capitalization of $357.58 million, a price-to-earnings ratio of 38.24 and a beta of 1.29. The stock has a 50 day moving average price of $12.78 and a 200-day moving average price of $13.51.

Landec Corporation (NASDAQ:LNDC) last posted its quarterly earnings data on Tuesday, September 26th. The basic materials company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. Landec Corporation had a net margin of 1.80% and a return on equity of 4.17%. The company had revenue of $123.40 million during the quarter, compared to the consensus estimate of $123.00 million. During the same quarter in the prior year, the company posted $0.12 EPS. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, equities analysts expect that Landec Corporation will post $0.55 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of LNDC. Walthausen & Co. LLC acquired a new position in shares of Landec Corporation during the 2nd quarter valued at about $2,896,000. Royce & Associates LP increased its stake in shares of Landec Corporation by 17.0% during the 2nd quarter. Royce & Associates LP now owns 1,214,136 shares of the basic materials company’s stock valued at $18,030,000 after acquiring an additional 176,629 shares during the last quarter. Algert Global LLC acquired a new position in shares of Landec Corporation during the 2nd quarter valued at about $2,012,000. Vanguard Group Inc. increased its stake in shares of Landec Corporation by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 1,254,994 shares of the basic materials company’s stock valued at $15,060,000 after acquiring an additional 49,191 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Landec Corporation by 21.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 209,579 shares of the basic materials company’s stock valued at $3,113,000 after acquiring an additional 37,603 shares during the last quarter. 92.01% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the stock. Wedbush restated a “hold” rating on shares of Landec Corporation in a research report on Wednesday, July 26th. Zacks Investment Research cut shares of Landec Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Landec Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. TheStreet cut shares of Landec Corporation from a “b” rating to a “c+” rating in a research report on Monday, July 31st. Finally, Maxim Group restated a “buy” rating and set a $18.00 price objective on shares of Landec Corporation in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Landec Corporation has an average rating of “Hold” and an average target price of $15.33.

Landec Corporation Company Profile

Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company operates through three segments: Packaged Fresh Vegetables, Food Export and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.

Insider Buying and Selling by Quarter for Landec Corporation (NASDAQ:LNDC)

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