With 44% stake, Seneca Foods Corporation (NASDAQ:SENE.A) seems to have captured institutional investors' interest

In This Article:

Key Insights

  • Institutions' substantial holdings in Seneca Foods implies that they have significant influence over the company's share price

  • The top 17 shareholders own 51% of the company

  • Recent purchases by insiders

Every investor in Seneca Foods Corporation (NASDAQ:SENE.A) should be aware of the most powerful shareholder groups. We can see that institutions own the lion's share in the company with 44% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.

Let's delve deeper into each type of owner of Seneca Foods, beginning with the chart below.

See our latest analysis for Seneca Foods

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NasdaqGS:SENE.A Ownership Breakdown April 10th 2024

What Does The Institutional Ownership Tell Us About Seneca Foods?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

We can see that Seneca Foods does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Seneca Foods' earnings history below. Of course, the future is what really matters.

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NasdaqGS:SENE.A Earnings and Revenue Growth April 10th 2024

Hedge funds don't have many shares in Seneca Foods. Seneca Foods Corp. Employees' Pension Benefit Plan is currently the company's largest shareholder with 8.1% of shares outstanding. With 7.7% and 6.1% of the shares outstanding respectively, Dimensional Fund Advisors LP and BlackRock, Inc. are the second and third largest shareholders. In addition, we found that Paul Palmby, the CEO has 2.6% of the shares allocated to their name.

A closer look at our ownership figures suggests that the top 17 shareholders have a combined ownership of 51% implying that no single shareholder has a majority.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.