Tejon Ranch (NYSE:TRC) announced its earnings results on Thursday. The real estate development and agribusiness company reported $0.03 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Tejon Ranch had a net margin of 6.81% and a return on equity of 0.67%. The firm had revenue of $8.95 million for the quarter.
NYSE TRC traded down $0.31 during mid-day trading on Friday, reaching $17.89. 61,700 shares of the stock were exchanged, compared to its average volume of 58,184. Tejon Ranch has a 1-year low of $16.04 and a 1-year high of $23.50. The firm’s fifty day simple moving average is $17.42. The firm has a market capitalization of $470.99 million, a PE ratio of 181.50 and a beta of 0.94. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.46 and a quick ratio of 5.13.
In related news, major shareholder Dt Four Partners, Llc purchased 70,097 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were bought at an average price of $16.50 per share, for a total transaction of $1,156,600.50. Following the acquisition, the insider now directly owns 1,034,550 shares in the company, valued at $17,070,075. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Towerview Llc purchased 4,933 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was bought at an average price of $16.20 per share, for a total transaction of $79,914.60. Following the acquisition, the director now owns 3,677,592 shares in the company, valued at $59,576,990.40. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 129,317 shares of company stock worth $2,121,163. 19.79% of the stock is owned by company insiders.
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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