OP Asset Management Ltd Buys Shares of 4,597 Seneca Foods Corp. $SENEA

OP Asset Management Ltd bought a new position in shares of Seneca Foods Corp. (NASDAQ:SENEA) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 4,597 shares of the company’s stock, valued at approximately $695,000. OP Asset Management Ltd owned approximately 0.07% of Seneca Foods as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SENEA. Royal Bank of Canada increased its holdings in shares of Seneca Foods by 5.2% in the 1st quarter. Royal Bank of Canada now owns 7,738 shares of the company’s stock valued at $690,000 after purchasing an additional 384 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Seneca Foods by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock worth $250,000 after buying an additional 156 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Seneca Foods during the first quarter worth about $245,000. Empowered Funds LLC grew its position in Seneca Foods by 54.0% during the first quarter. Empowered Funds LLC now owns 14,865 shares of the company’s stock worth $1,324,000 after buying an additional 5,214 shares during the period. Finally, Creative Planning acquired a new position in Seneca Foods during the second quarter worth about $266,000. 42.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SENEA shares. Weiss Ratings upgraded Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 15th. Freedom Capital upgraded Seneca Foods to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen raised Seneca Foods from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, Seneca Foods has an average rating of “Strong Buy”.

Seneca Foods Trading Up 0.5%

Shares of Seneca Foods stock opened at $173.94 on Wednesday. Seneca Foods Corp. has a 1 year low of $98.61 and a 1 year high of $181.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.06 and a quick ratio of 1.07. The business has a 50 day moving average price of $147.08 and a 200 day moving average price of $135.85. The company has a market capitalization of $1.18 billion, a P/E ratio of 10.48 and a beta of -0.03.

About Seneca Foods

Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.