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 business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.60, for a total transaction of $39,000.00. Following the completion of the transaction, the director now directly owns 67,544 shares in the company, valued at $1,053,686.40. This trade represents a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Tejon Ranch Price Performance

Shares of NYSE:TRC opened at $15.24 on Friday. The company’s 50-day moving average is $15.89 and its 200 day moving average is $16.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.46 and a current ratio of 2.84. The company has a market capitalization of $408.78 million, a P/E ratio of -1,524,000.00 and a beta of 0.59. Tejon Ranch Co. has a fifty-two week low of $14.70 and a fifty-two week high of $19.82.

Tejon Ranch (NYSE:TRC) last released 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). The business had revenue of $10.86 million for the quarter, compared to analysts’ expectations of $10.19 million. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. On average, equities research analysts forecast that Tejon Ranch Co. will post -0.04 earnings per share for the current year.

Institutional Investors Weigh In On Tejon Ranch

Several institutional investors have recently added to or reduced their stakes in the business. Quent Capital LLC bought a new stake in shares of Tejon Ranch during the third quarter valued at about $42,000. SG Americas Securities LLC increased its position in shares of Tejon Ranch by 29.7% during the third quarter. SG Americas Securities LLC now owns 14,586 shares of the real estate development and agribusiness company’s stock valued at $256,000 after buying an additional 3,337 shares during the period. American Century Companies Inc. increased its position in shares of Tejon Ranch by 17.4% during the second quarter. American Century Companies Inc. now owns 32,226 shares of the real estate development and agribusiness company’s stock valued at $550,000 after buying an additional 4,769 shares during the period. Barclays PLC increased its position in shares of Tejon Ranch by 298.1% during the third quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company’s stock valued at $563,000 after buying an additional 24,015 shares during the period. Finally, Accordant Advisory Group Inc increased its position in shares of Tejon Ranch by 3.7% during 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 period. 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.