Tejon Ranch Co. (NYSE:TRC) Director Sells $94,620.00 in Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $15.77, for a total transaction of $94,620.00. Following the transaction, the director now owns 87,544 shares of the company’s stock, valued at approximately $1,380,568.88. This represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tejon Ranch Price Performance

TRC stock traded up $0.19 during trading on Friday, reaching $15.82. 77,617 shares of the company were exchanged, compared to its average volume of 74,387. The company has a market capitalization of $424.29 million, a price-to-earnings ratio of -1,563,000.00 and a beta of 0.59. 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 company has a 50-day moving average of $16.81 and a two-hundred day moving average of $17.22. Tejon Ranch Co. has a twelve month low of $14.80 and a twelve month high of $19.82.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in shares of Tejon Ranch by 65.7% during the first quarter. BNP Paribas Financial Markets now owns 10,216 shares of the real estate development and agribusiness company’s stock worth $157,000 after acquiring an additional 4,051 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in Tejon Ranch during the first quarter worth $344,000. CANADA LIFE ASSURANCE Co lifted its holdings in Tejon Ranch by 1,141.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 15,939 shares of the real estate development and agribusiness company’s stock valued at $246,000 after buying an additional 14,655 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Tejon Ranch by 1.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 667,822 shares of the real estate development and agribusiness company’s stock worth $10,291,000 after acquiring an additional 11,062 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in shares of Tejon Ranch by 1.4% in the 1st quarter. Gabelli Funds LLC now owns 142,200 shares of the real estate development and agribusiness company’s stock valued at $2,191,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 60.63% of the company’s stock.

Wall Street Analyst Weigh In

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

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.