Tejon Ranch Co. (NYSE:TRC) Director Sells $40,250.00 in Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 2,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $16.10, for a total transaction of $40,250.00. Following the transaction, the director now owns 77,544 shares in the company, valued at approximately $1,248,458.40. The trade was a 3.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tejon Ranch Stock Performance

Shares of NYSE:TRC traded down $0.17 during midday trading on Tuesday, hitting $15.98. The stock had a trading volume of 20,553 shares, compared to its average volume of 74,714. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. The company’s 50-day moving average price is $16.52 and its 200-day moving average price is $17.22. Tejon Ranch Co. has a fifty-two week low of $14.80 and a fifty-two week high of $19.82.

Tejon Ranch (NYSE:TRC) last announced its quarterly earnings data 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). Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. The business had revenue of $10.86 million for the quarter, compared to the consensus estimate of $10.19 million. Research analysts predict that Tejon Ranch Co. will post 0.02 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Tejon Ranch

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

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.