Tejon Ranch Co. (NYSE:TRC) Director Sells $39,000.00 in Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 2,500 shares of Tejon Ranch stock in a transaction that occurred on 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 sale, the director now owns 67,544 shares of the company’s stock, valued at $1,053,686.40. This trade represents 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 through the SEC website.

Tejon Ranch Stock Performance

Shares of NYSE TRC traded down $0.57 during midday trading on Friday, reaching $15.24. The company had a trading volume of 143,980 shares, compared to its average volume of 90,397. Tejon Ranch Co. has a 1 year low of $14.70 and a 1 year high of $19.82. The business’s 50-day simple moving average is $15.90 and its 200 day simple moving average is $16.88. 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 market cap of $408.78 million, a P/E ratio of -1,524,000.00 and a beta of 0.59.

Tejon Ranch (NYSE:TRC) last released its earnings results 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 firm had revenue of $10.86 million during the quarter, compared to analyst estimates of $10.19 million. On average, analysts forecast that Tejon Ranch Co. will post -0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of Tejon Ranch by 2.0% during the second 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. Rhumbline Advisers raised its stake in shares of Tejon Ranch by 2.3% during 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 last quarter. American Century Companies Inc. raised its stake in shares of Tejon Ranch by 17.4% during the 2nd 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 last quarter. SG Americas Securities LLC lifted its holdings in shares of Tejon Ranch by 29.7% in the 3rd 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. Finally, Quent Capital LLC purchased a new stake in shares of Tejon Ranch in the third quarter worth about $42,000. 60.63% of the stock is currently 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.