Landec Co. (NASDAQ:LNDC) Director Nelson Obus purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $10.50 per share, for a total transaction of $105,000.00. Following the completion of the transaction, the director now directly owns 27,915 shares of the company’s stock, valued at $293,107.50. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Nelson Obus also recently made the following trade(s):
- On Friday, August 2nd, Nelson Obus purchased 20,000 shares of Landec stock. The shares were purchased at an average price of $10.72 per share, for a total transaction of $214,400.00.
NASDAQ:LNDC traded up $0.25 during trading hours on Tuesday, reaching $10.81. 120,753 shares of the company traded hands, compared to its average volume of 133,914. The firm has a 50-day moving average price of $10.21. The firm has a market capitalization of $306.04 million, a PE ratio of 33.78 and a beta of 0.77. Landec Co. has a 1 year low of $9.02 and a 1 year high of $15.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.58.
Several research firms recently weighed in on LNDC. Roth Capital restated a “neutral” rating and set a $12.00 price target (down from $16.50) on shares of Landec in a research report on Monday, April 8th. Zacks Investment Research cut Landec from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Maxim Group reiterated a “buy” rating and set a $17.00 price objective on shares of Landec in a research note on Wednesday, July 31st. Lake Street Capital lowered their price objective on Landec from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Finally, BidaskClub upgraded Landec from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Landec presently has a consensus rating of “Hold” and a consensus target price of $13.67.
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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