Tejon Ranch (NYSE:TRC) Stock Crosses Above Fifty Day Moving Average of $16.74

Tejon Ranch (NYSE:TRC) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $16.74 and traded as high as $16.45. Tejon Ranch shares last traded at $16.42, with a volume of 895 shares changing hands.

The stock’s fifty day moving average is $16.67. The company has a quick ratio of 5.13, a current ratio of 5.46 and a debt-to-equity ratio of 0.14. The firm has a market cap of $430.51 million, a price-to-earnings ratio of 162.70 and a beta of 0.98.

In other news, Director Dt Four Partners, Llc bought 39,453 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were bought at an average cost of $16.36 per share, for a total transaction of $645,451.08. Following the completion of the acquisition, the director now owns 964,453 shares in the company, valued at approximately $15,778,451.08. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Towerview Llc bought 6,508 shares of the business’s stock in a transaction on Friday, May 31st. The stock was purchased at an average price of $16.16 per share, for a total transaction of $105,169.28. Following the completion of the acquisition, the director now owns 3,685,100 shares of the company’s stock, valued at approximately $59,551,216. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 59,220 shares of company stock worth $964,562. Company insiders own 19.79% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc raised its holdings in Tejon Ranch by 23.7% in the fourth quarter. Legal & General Group Plc now owns 3,879 shares of the real estate development and agribusiness company’s stock worth $64,000 after purchasing an additional 742 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Tejon Ranch by 0.5% during the first quarter. Gamco Investors INC. ET AL now owns 537,959 shares of the real estate development and agribusiness company’s stock worth $9,468,000 after acquiring an additional 2,529 shares during the period. Mraz Amerine & Associates Inc. raised its holdings in shares of Tejon Ranch by 25.9% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 14,562 shares of the real estate development and agribusiness company’s stock worth $241,000 after acquiring an additional 3,000 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Tejon Ranch by 5.2% during the first quarter. BNP Paribas Arbitrage SA now owns 64,209 shares of the real estate development and agribusiness company’s stock worth $1,130,000 after acquiring an additional 3,169 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Tejon Ranch by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 340,523 shares of the real estate development and agribusiness company’s stock worth $5,646,000 after acquiring an additional 4,218 shares during the period. Institutional investors own 70.62% of the company’s stock.

About Tejon Ranch (NYSE:TRC)

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 entitling, 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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