Tejon Ranch Co (NYSE:TRC) CEO Gregory S. Bielli acquired 5,600 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were acquired at an average price of $18.00 per share, with a total value of $100,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Tejon Ranch Co (TRC) traded up $0.89 during mid-day trading on Friday, hitting $19.61. 389,765 shares of the stock traded hands, compared to its average volume of 147,329. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.20.

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Separately, BidaskClub downgraded shares of Tejon Ranch from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th.

Hedge funds have recently made changes to their positions in the company. First Manhattan Co. boosted its stake in shares of Tejon Ranch by 499.5% in the second quarter. First Manhattan Co. now owns 6,001 shares of the real estate development and agribusiness company’s stock valued at $123,000 after purchasing an additional 5,000 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Tejon Ranch by 19.1% in the second quarter. JPMorgan Chase & Co. now owns 8,965 shares of the real estate development and agribusiness company’s stock valued at $185,000 after purchasing an additional 1,436 shares during the period. Nationwide Fund Advisors raised its holdings in Tejon Ranch by 5.6% in the second quarter. Nationwide Fund Advisors now owns 9,662 shares of the real estate development and agribusiness company’s stock valued at $199,000 after acquiring an additional 516 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Tejon Ranch by 2.0% in the second quarter. Wells Fargo & Company MN now owns 9,777 shares of the real estate development and agribusiness company’s stock valued at $201,000 after acquiring an additional 189 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in Tejon Ranch in the second quarter valued at $222,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Tejon Ranch Company Profile

Tejon Ranch Co is a diversified real estate development and agribusiness company. The Company operates through five segments: Real Estate-Commercial/Industrial; Real Estate-Resort/Residential; Mineral Resources; Farming Operations, and Ranch Operations. Its Real Estate-Commercial/Industrial segment is engaged in building, land lease activities, and land and building sales.

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