Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack Sells 2,500 Shares

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $16.10, for a total transaction of $40,250.00. Following the completion of the sale, the director now owns 77,544 shares of the company’s stock, valued at $1,248,458.40. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Tejon Ranch Stock Down 1.3 %

Shares of NYSE:TRC opened at $15.79 on Friday. Tejon Ranch Co. has a 52-week low of $14.80 and a 52-week high of $19.82. The company has a 50-day simple moving average of $16.42 and a 200 day simple moving average of $17.19. 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 (NYSE:TRC) last released its quarterly earnings results on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The company had revenue of $10.86 million during 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%. Research analysts forecast that Tejon Ranch Co. will post 0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quent Capital LLC bought a new position in Tejon Ranch in the 3rd quarter valued at about $42,000. Signaturefd LLC raised its holdings in Tejon Ranch by 1,267.2% in the 2nd quarter. Signaturefd LLC now owns 2,584 shares of the real estate development and agribusiness company’s stock valued at $44,000 after acquiring an additional 2,395 shares during the period. SG Americas Securities LLC increased its holdings in shares of Tejon Ranch by 39.2% during the second quarter. SG Americas Securities LLC now owns 11,249 shares of the real estate development and agribusiness company’s stock worth $192,000 after purchasing an additional 3,170 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Tejon Ranch by 1,141.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 15,939 shares of the real estate development and agribusiness company’s stock worth $246,000 after purchasing an additional 14,655 shares during the period. Finally, Accordant Advisory Group Inc increased its holdings in shares of Tejon Ranch by 4.1% during the second quarter. Accordant Advisory Group Inc now owns 31,189 shares of the real estate development and agribusiness company’s stock worth $532,000 after purchasing an additional 1,219 shares during the period. 60.63% of the stock is owned by institutional investors.

About Tejon Ranch

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.