GSA Capital Partners LLP Sells 17,177 Shares of Tejon Ranch Co. (NYSE:TRC)

GSA Capital Partners LLP reduced its position in Tejon Ranch Co. (NYSE:TRC) by 57.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,712 shares of the real estate development and agribusiness company’s stock after selling 17,177 shares during the period. GSA Capital Partners LLP’s holdings in Tejon Ranch were worth $184,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TRC. Strs Ohio purchased a new stake in Tejon Ranch in the 4th quarter worth about $73,000. SG3 Management LLC purchased a new stake in Tejon Ranch in the 3rd quarter worth about $127,000. JPMorgan Chase & Co. raised its position in Tejon Ranch by 58.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,185 shares of the real estate development and agribusiness company’s stock worth $160,000 after purchasing an additional 4,132 shares during the period. Jane Street Group LLC purchased a new stake in Tejon Ranch in the 3rd quarter worth about $177,000. Finally, Marquette Asset Management LLC purchased a new stake in Tejon Ranch in the 4th quarter worth about $225,000. 67.29% of the stock is currently owned by institutional investors.

In related news, major shareholder Towerview Llc bought 25,000 shares of Tejon Ranch stock in a transaction dated Monday, December 21st. The shares were acquired at an average cost of $13.95 per share, with a total value of $348,750.00. Following the completion of the transaction, the insider now owns 3,790,000 shares in the company, valued at approximately $52,870,500. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 20.91% of the company’s stock.

Tejon Ranch stock opened at $16.77 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.67 and a quick ratio of 4.35. Tejon Ranch Co. has a 1-year low of $12.12 and a 1-year high of $17.90. The firm has a market capitalization of $439.99 million, a P/E ratio of 47.92 and a beta of 0.64. The company’s 50-day moving average is $16.19 and its 200 day moving average is $14.96.

Tejon Ranch Company Profile

Tejon Ranch Co 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; construction of pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.

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Institutional Ownership by Quarter for Tejon Ranch (NYSE:TRC)

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