Landec Co. (NASDAQ:LNDC) Director Purchases $81,120.00 in Stock

Landec Co. (NASDAQ:LNDC) Director Nelson Obus bought 8,000 shares of the stock in a transaction dated Monday, October 7th. The shares were purchased at an average cost of $10.14 per share, for a total transaction of $81,120.00. Following the completion of the purchase, the director now owns 27,915 shares in the company, valued at $283,058.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Nelson Obus also recently made the following trade(s):

  • On Thursday, October 10th, Nelson Obus bought 5,000 shares of Landec stock. The shares were purchased at an average cost of $9.67 per share, for a total transaction of $48,350.00.
  • On Friday, October 4th, Nelson Obus bought 7,000 shares of Landec stock. The shares were purchased at an average cost of $10.40 per share, for a total transaction of $72,800.00.
  • On Monday, August 5th, Nelson Obus bought 10,000 shares of Landec stock. The shares were purchased at an average cost of $10.50 per share, for a total transaction of $105,000.00.
  • On Friday, August 2nd, Nelson Obus bought 20,000 shares of Landec stock. The shares were purchased at an average cost of $10.72 per share, for a total transaction of $214,400.00.

Shares of Landec stock opened at $9.46 on Friday. The firm has a market capitalization of $288.32 million, a PE ratio of 29.55, a P/E/G ratio of 3.92 and a beta of 0.72. Landec Co. has a twelve month low of $9.02 and a twelve month high of $15.57. The firm’s 50-day moving average price is $10.94 and its 200 day moving average price is $10.51. The company has a current ratio of 0.89, a quick ratio of 0.51 and a debt-to-equity ratio of 0.43.

Landec (NASDAQ:LNDC) last issued its quarterly earnings results on Tuesday, October 1st. The basic materials company reported ($0.16) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.16). The company had revenue of $138.70 million during the quarter, compared to analysts’ expectations of $131.14 million. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 earnings per share. On average, sell-side analysts predict that Landec Co. will post 0.25 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Barrington Research reissued an “in-line” rating and set a $11.00 target price (down from $13.00) on shares of Landec in a research note on Thursday, October 3rd. DA Davidson assumed coverage on shares of Landec in a research note on Friday, August 23rd. They set a “buy” rating on the stock. BidaskClub lowered shares of Landec from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. ValuEngine raised shares of Landec from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, Zacks Investment Research lowered shares of Landec from a “hold” rating to a “strong sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.00.

A number of institutional investors have recently modified their holdings of LNDC. Tower Research Capital LLC TRC purchased a new position in Landec in the 2nd quarter valued at about $44,000. Susquehanna International Group LLP purchased a new position in Landec in the 2nd quarter valued at about $106,000. Citadel Advisors LLC purchased a new position in Landec in the 2nd quarter valued at about $111,000. GSA Capital Partners LLP purchased a new position in Landec in the 2nd quarter valued at about $123,000. Finally, Cutter & CO Brokerage Inc. purchased a new position in Landec in the 2nd quarter valued at about $306,000. 94.36% of the stock is currently owned by hedge funds and other institutional investors.

About Landec

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through two segments, Packaged Fresh Vegetables and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.

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Insider Buying and Selling by Quarter for Landec (NASDAQ:LNDC)

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