Tejon Ranch Company (NYSE:TRC), saw an insider lower his profile with a transaction completed today, August 14th. Director Robert A. Stine disposed of 4,900 shares of common stock at an average of $28.094 per share. Following this transaction, Stine now has a total of 94,721 shares directly invested in the company.
Tejon Ranch Company (NYSE:TRC), is a $583.77 million market cap corporation that is a diversified real estate development and agribusiness company. Moreover, Its operations consist of land planning and entitlement, land development, commercial sales and leasing, leasing of land for mineral royalties, grazing leases, income portfolio management, and farming.
While there are multiple outside investors, Third Avenue Management, the hedge fund run by Martin Whitman. Even though this fund reported a 2% decrease in its activity last quarter, it still holds a total of 2,369,185 shares worth about $80.1 million invested in Tejon Ranch Company (NYSE:TRC).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.