Published on 29 Jan 2024 on Insider Monkey via Yahoo Finance
Should You Hold Seneca Foods Corporation (SENEA)?
Alluvial Capital Management, an investment advisory firm, released its fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. The fund returned 3.2% in the fourth quarter, bringing yearly returns to 15.1%. The portfolio typically lags during significant market movements, and the current quarter was no different. Despite being ahead of benchmarks through October, the fund achieved a decent outcome this year, outperforming the micro-cap index and trailing only small caps. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Alluvial Capital Management featured stocks such as Seneca Foods Corporation (NASDAQ:SENEA) in the fourth quarter 2023 investor letter. Headquartered in Fairport, New York, Seneca Foods Corporation (NASDAQ:SENEA) offers packaged fruits and vegetables. On January 30, 2024, Seneca Foods Corporation (NASDAQ:SENEA) stock closed at $54.99 per share. One-month return of Seneca Foods Corporation (NASDAQ:SENEA) was 4.31%, and its shares lost 9.63% of their value over the last 52 weeks. Seneca Foods Corporation (NASDAQ:SENEA) has a market capitalization of $390.07 million.
Alluvial Capital Management stated the following regarding Seneca Foods Corporation (NASDAQ:SENEA) in its fourth quarter 2023 investor letter: