Yesterday it was reported that the CEO of Landec Corp (LNDC), Albert Bolles, exercised options to buy 4,240 LNDC shares at $9.91 a share, for a total transaction value of $42.02K. The options were close to expired and Albert Bolles retained stocks.
Following this transaction Albert Bolles’ holding in the company was increased by 24.56% to a total of $213.1K. In addition to Albert Bolles, 8 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 $156 million and quarterly net profit of $1.07 million. In comparison, last year the company earned revenue of $149 million and had a net profit of $16.09 million. LNDC’s market cap is $287.4M and the company has a P/E ratio of 40.35. Currently, Landec Corp has an average volume of 151.5K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $13.67, reflecting a 37.9% upside.
The insider sentiment on Landec Corp has been positive according to 28 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Albert Bolles’ trades have generated a -15.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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, Biomaterials, and Other. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole, and fresh-cut fruit and vegetables.
