Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack Sells 5,000 Shares

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $16.12, for a total value of $80,600.00. Following the sale, the director now directly owns 72,544 shares in the company, valued at $1,169,409.28. The trade was a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tejon Ranch Trading Up 0.9 %

Shares of Tejon Ranch stock traded up $0.14 on Monday, reaching $16.08. The company had a trading volume of 73,031 shares, compared to its average volume of 75,066. 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 firm’s 50-day moving average price is $16.38 and its two-hundred day moving average price is $17.16. Tejon Ranch Co. has a 1 year low of $14.80 and a 1 year high of $19.82.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings data on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) EPS 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 firm had revenue of $10.86 million for the quarter, compared to analysts’ expectations of $10.19 million. On average, research analysts anticipate that Tejon Ranch Co. will post -0.04 earnings per share for the current year.

Hedge Funds Weigh In On Tejon Ranch

Several hedge funds have recently added to or reduced their stakes in TRC. Quent Capital LLC purchased a new position in shares of Tejon Ranch during the third quarter valued at approximately $42,000. Signaturefd LLC boosted its holdings in 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 valued at $44,000 after acquiring an additional 2,395 shares during the period. SG Americas Securities LLC boosted 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 valued at $192,000 after acquiring an additional 3,170 shares during the period. Accordant Advisory Group Inc grew 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 last quarter. Finally, American Century Companies Inc. increased its stake in Tejon Ranch by 17.4% in the second quarter. American Century Companies Inc. now owns 32,226 shares of the real estate development and agribusiness company’s stock worth $550,000 after purchasing an additional 4,769 shares during the period. 60.63% of the stock is currently owned by institutional investors.

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.