.jpg "Landec Corp (NASDAQ: LNDC)")
Today, a Director at Landec Corp, Gary T. Steele, exercised options of Landec Corp (NASDAQ: LNDC) for $331.5K. The options were close to expired and Gary T. Steele retained stocks.
Following this transaction Gary T. Steele’s holding in the company was increased by 28.97% to a total of $1.55 million. In addition to Gary T. Steele, 6 other LNDC executives reported Buy trades in the last month.
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Based on Landec Corp’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $149 million and quarterly net profit of $16.09 million. In comparison, last year the company earned revenue of $137 million and had a net profit of $3.5 million. LNDC’s market cap is $380.3M and the company has a P/E ratio of 17.92. Currently, Landec Corp has an average volume of 22.27K.
Five different firms, including Feltl and Maxim Group, currently also have a Buy rating on the stock. Starting in November 2017, LNDC received 5 Buy ratings in a row.
In the last 30 days, insiders have sold $125.7K worth of LNDC shares and purchased $565.5K worth of LNDC shares. The insider sentiment on Landec Corp has been negative according to 29 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Landec Corp. engages in the design, development, manufacture, and sale of health and wellness products for food and biomaterials markets. It operates through the following segments: Packaged Fresh Vegetables, Food Export, Biomaterials, and Other. The Packaged Fresh Vegetables segment sells Breathe Way packaging to partners for fruit, and vegetable products.
