Insider Selling: 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 that occurred on Wednesday, November 13th. The shares were sold at an average price of $16.40, for a total transaction of $32,800.00. Following the completion of the transaction, the director now directly owns 95,882 shares of the company’s stock, valued at $1,572,464.80. This represents a 2.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tejon Ranch Trading Up 0.2 %

Shares of TRC opened at $16.04 on Friday. Tejon Ranch Co. has a 1 year low of $14.80 and a 1 year high of $19.82. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $16.94 and a 200-day simple moving average of $17.25.

Tejon Ranch (NYSE:TRC) last issued its quarterly earnings results on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $10.19 million. As a group, equities analysts forecast 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 research note on Wednesday, August 7th.

Institutional Investors Weigh In On Tejon Ranch

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in Tejon Ranch by 65.7% in the first quarter. BNP Paribas Financial Markets now owns 10,216 shares of the real estate development and agribusiness company’s stock valued at $157,000 after buying an additional 4,051 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Tejon Ranch in the 1st quarter valued at about $344,000. CANADA LIFE ASSURANCE Co raised its position in shares of 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 in the last quarter. CM Management LLC lifted its stake in Tejon Ranch by 12.5% during the first quarter. CM Management LLC now owns 45,000 shares of the real estate development and agribusiness company’s stock worth $693,000 after purchasing an additional 5,000 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its holdings in Tejon Ranch by 286.1% in the first quarter. EntryPoint Capital LLC now owns 14,740 shares of the real estate development and agribusiness company’s stock valued at $227,000 after purchasing an additional 10,922 shares in the last quarter. 60.63% of the stock is owned by hedge funds and other 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.