Tejon Ranch Co. (NYSE:TRC) Director Sells $32,800.00 in Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $16.40, for a total value of $32,800.00. Following the sale, the director now directly owns 95,882 shares of the company’s stock, valued at $1,572,464.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tejon Ranch Price Performance

Shares of NYSE TRC traded down $0.03 during trading on Thursday, reaching $16.11. The company had a trading volume of 24,253 shares, compared to its average volume of 74,019. Tejon Ranch Co. has a 52 week low of $14.80 and a 52 week high of $19.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.46 and a current ratio of 2.84. The business’s 50 day moving average price is $16.98 and its 200-day moving average price is $17.27. The stock has a market cap of $432.07 million, a PE ratio of -1,614,000.00 and a beta of 0.59.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its stake in shares of Tejon Ranch by 2.3% during the second quarter. Rhumbline Advisers now owns 33,924 shares of the real estate development and agribusiness company’s stock worth $579,000 after purchasing an additional 770 shares during the period. Accordant Advisory Group Inc grew its position in shares of Tejon Ranch by 3.7% during the 3rd quarter. Accordant Advisory Group Inc now owns 32,358 shares of the real estate development and agribusiness company’s stock worth $568,000 after buying an additional 1,169 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Tejon Ranch by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company’s stock valued at $3,413,000 after acquiring an additional 1,486 shares during the period. Gabelli Funds LLC boosted its stake in Tejon Ranch by 1.4% during the 1st quarter. Gabelli Funds LLC now owns 142,200 shares of the real estate development and agribusiness company’s stock worth $2,191,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in Tejon Ranch in the third quarter valued at approximately $42,000. Institutional investors own 60.63% of the company’s stock.

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.