Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack Sells 2,000 Shares

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $16.40, for a total transaction of $32,800.00. Following the transaction, the director now owns 95,882 shares in the company, valued at approximately $1,572,464.80. This trade represents a 2.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tejon Ranch Stock Down 0.3 %

Shares of NYSE:TRC traded down $0.05 during midday trading on Friday, hitting $15.95. 16,242 shares of the company’s stock were exchanged, compared to its average volume of 73,939. The stock has a 50 day moving average price of $16.98 and a 200-day moving average price of $17.27. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. Tejon Ranch Co. has a 12 month low of $14.80 and a 12 month high of $19.82.

Tejon Ranch (NYSE:TRC) last released its quarterly earnings results on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The business had revenue of $10.86 million for the quarter, compared to the consensus estimate of $10.19 million. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. Analysts anticipate that Tejon Ranch Co. will post 0.02 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Quent Capital LLC bought a new stake in shares of Tejon Ranch in the 3rd quarter valued at about $42,000. Signaturefd LLC increased its holdings in shares of Tejon Ranch by 1,267.2% during the 2nd quarter. Signaturefd LLC now owns 2,584 shares of the real estate development and agribusiness company’s stock worth $44,000 after buying an additional 2,395 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Tejon Ranch by 65.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,216 shares of the real estate development and agribusiness company’s stock worth $157,000 after acquiring an additional 4,051 shares in the last quarter. SG Americas Securities LLC grew its holdings in Tejon Ranch by 39.2% during the 2nd quarter. SG Americas Securities LLC now owns 11,249 shares of the real estate development and agribusiness company’s stock worth $192,000 after acquiring an additional 3,170 shares in the last quarter. Finally, EntryPoint Capital LLC boosted its stake in Tejon Ranch by 286.1% in the first quarter. EntryPoint Capital LLC now owns 14,740 shares of the real estate development and agribusiness company’s stock valued at $227,000 after acquiring an additional 10,922 shares in the last quarter. Institutional investors own 60.63% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Tejon Ranch to a “sell” rating in a research report on Wednesday, August 7th.

Tejon Ranch Company Profile

Tejon Ranch Co, together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.