Insider Selling: Tejon Ranch Co. (NYSE:TRC) Director Sells 2,000 Shares of Stock

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

Tejon Ranch Stock Performance

TRC stock opened at $16.04 on Friday. The company has a fifty day moving average price of $16.94 and a 200 day moving average price of $17.25. 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 announced its 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). Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. The business had revenue of $10.86 million during the quarter, compared to analysts’ expectations of $10.19 million. Equities research analysts anticipate that Tejon Ranch Co. will post 0.02 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Tejon Ranch

A number of hedge funds have recently added to or reduced their stakes in TRC. OFI Invest Asset Management acquired a new position in shares of Tejon Ranch in the second quarter valued at approximately $655,000. Lee Danner & Bass Inc. purchased a new position in Tejon Ranch in the 2nd quarter valued at $802,000. SG Americas Securities LLC increased its stake 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 period. CANADA LIFE ASSURANCE Co raised its position 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 buying an additional 14,655 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Tejon Ranch in the 1st quarter worth $344,000. 60.63% of the stock is owned by institutional investors and hedge funds.

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.