Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack Sells 2,500 Shares

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 2,500 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $15.60, for a total transaction of $39,000.00. Following the transaction, the director now directly owns 67,544 shares in the company, valued at approximately $1,053,686.40. The trade was a 3.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tejon Ranch Price Performance

Shares of Tejon Ranch stock traded down $0.57 during mid-day trading on Friday, reaching $15.24. 143,980 shares of the stock traded hands, compared to its average volume of 90,397. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. Tejon Ranch Co. has a fifty-two week low of $14.70 and a fifty-two week high of $19.82. The stock has a market capitalization of $408.78 million, a PE ratio of -1,524,000.00 and a beta of 0.59. The business has a 50-day moving average of $15.90 and a 200 day moving average of $16.88.

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 (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.19 million. On average, analysts predict that Tejon Ranch Co. will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in Tejon Ranch by 0.8% during the third quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company’s stock worth $9,444,000 after acquiring an additional 4,247 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Tejon Ranch by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 339,038 shares of the real estate development and agribusiness company’s stock worth $5,784,000 after purchasing an additional 6,605 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Tejon Ranch by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company’s stock worth $3,413,000 after purchasing an additional 1,486 shares during the last quarter. Rhumbline Advisers raised its holdings in Tejon Ranch by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 33,924 shares of the real estate development and agribusiness company’s stock valued at $579,000 after buying an additional 770 shares during the period. Finally, Accordant Advisory Group Inc lifted its position in Tejon Ranch by 3.7% in the third quarter. Accordant Advisory Group Inc now owns 32,358 shares of the real estate development and agribusiness company’s stock valued at $568,000 after buying an additional 1,169 shares during the last quarter. Hedge funds and other 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.