Insider Selling: Tejon Ranch Co. (NYSE:TRC) Director Sells 2,500 Shares of 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 shares were sold at an average price of $15.60, for a total value of $39,000.00. Following the completion of the transaction, the director now 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 is available at this hyperlink.

Tejon Ranch Price Performance

Shares of NYSE TRC opened at $15.24 on Friday. The stock has a fifty day moving average price of $15.89 and a 200 day moving average price of $16.88. Tejon Ranch Co. has a 1-year low of $14.70 and a 1-year high of $19.82. 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 market cap of $408.78 million, a PE 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) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. The firm had revenue of $10.86 million during the quarter, compared to analyst estimates of $10.19 million. Sell-side analysts forecast that Tejon Ranch Co. will post -0.04 EPS for the current year.

Institutional Investors Weigh In On Tejon Ranch

A number of institutional investors have recently added to or reduced their stakes in TRC. Barclays PLC boosted its stake in shares of Tejon Ranch by 298.1% in 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Tejon Ranch by 0.8% during the 3rd 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 purchasing an additional 4,247 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Tejon Ranch by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company’s stock valued at $3,413,000 after purchasing an additional 1,486 shares in the last quarter. Accordant Advisory Group Inc lifted its stake in shares of 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 purchasing an additional 1,169 shares during the period. Finally, Quent Capital LLC purchased a new stake in Tejon Ranch during the third quarter worth about $42,000. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Tejon Ranch Company Profile

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.