Landec Co. (NASDAQ:LNDC) Director Nelson Obus bought 12,900 shares of the business’s stock in a transaction on Friday, February 8th. The stock was acquired at an average cost of $12.12 per share, for a total transaction of $156,348.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Nelson Obus also recently made the following trade(s):
- On Wednesday, February 6th, Nelson Obus bought 20,000 shares of Landec stock. The stock was acquired at an average cost of $12.38 per share, for a total transaction of $247,600.00.
Shares of LNDC traded up $0.02 during mid-day trading on Monday, reaching $12.40. 82,400 shares of the company’s stock traded hands, compared to its average volume of 106,543. The stock has a market cap of $361.13 million, a PE ratio of 30.24 and a beta of 0.90. The company has a current ratio of 0.95, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. Landec Co. has a 12 month low of $10.17 and a 12 month high of $15.60.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in shares of Landec by 20.7% during the second quarter. California Public Employees Retirement System now owns 93,557 shares of the basic materials company’s stock valued at $1,394,000 after buying an additional 16,037 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Landec by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,332,179 shares of the basic materials company’s stock valued at $33,583,000 after buying an additional 17,353 shares during the last quarter. Northpointe Capital LLC raised its holdings in shares of Landec by 62.3% during the third quarter. Northpointe Capital LLC now owns 320,677 shares of the basic materials company’s stock valued at $4,618,000 after buying an additional 123,111 shares during the last quarter. BlackRock Inc. raised its holdings in Landec by 5.0% during the second quarter. BlackRock Inc. now owns 1,950,345 shares of the basic materials company’s stock worth $29,061,000 after purchasing an additional 92,444 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Landec by 72.9% during the third quarter. Bessemer Group Inc. now owns 39,600 shares of the basic materials company’s stock worth $570,000 after purchasing an additional 16,700 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.
LNDC has been the topic of a number of recent analyst reports. Maxim Group reaffirmed a “buy” rating and set a $17.00 price target (down previously from $20.00) on shares of Landec in a report on Thursday, January 3rd. BidaskClub cut Landec from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. ValuEngine cut Landec from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Zacks Investment Research raised Landec from a “sell” rating to a “hold” rating in a report on Saturday, November 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.50.
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Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through two segments, Packaged Fresh Vegetables and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.
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