Edge Capital Group LLC Makes New Investment in Seneca Foods Co. (NASDAQ:SENEA)

Edge Capital Group LLC acquired a new stake in shares of Seneca Foods Co. (NASDAQ:SENEA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SENEA. Royce & Associates LP boosted its position in shares of Seneca Foods by 2.3% in the third quarter. Royce & Associates LP now owns 255,901 shares of the company's stock valued at $15,950,000 after acquiring an additional 5,767 shares during the period. Peapod Lane Capital LLC bought a new position in shares of Seneca Foods in the fourth quarter worth $4,627,000. Money Concepts Capital Corp raised its position in shares of Seneca Foods by 82.7% in the fourth quarter. Money Concepts Capital Corp now owns 29,442 shares of the company's stock worth $2,334,000 after buying an additional 13,327 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Seneca Foods by 92.2% during the third quarter. JPMorgan Chase & Co. now owns 20,390 shares of the company's stock valued at $1,271,000 after buying an additional 9,783 shares during the period. Finally, Pullen Investment Management LLC increased its stake in Seneca Foods by 16.2% in the 3rd quarter. Pullen Investment Management LLC now owns 19,132 shares of the company's stock worth $1,192,000 after acquiring an additional 2,671 shares during the last quarter. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

Seneca Foods Price Performance

Shares of SENEA traded down $1.29 during trading hours on Thursday, reaching $80.70. 14,351 shares of the company's stock traded hands, compared to its average volume of 14,980. Seneca Foods Co. has a 12 month low of $47.91 and a 12 month high of $82.30. The company has a current ratio of 3.38, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53. The stock has a market cap of $555.22 million, a PE ratio of 14.73 and a beta of 0.25. The firm's 50 day simple moving average is $76.45 and its 200-day simple moving average is $68.99.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last released its quarterly 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 Company 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.