Wynnefield Capital AUM, Holdings, Returns

Landec Corporation (NASDAQ:LNDC) remained Wynnefield’s top stock pick at the end of June, a position it has held since the third-quarter of 2016. The fund owned 2.68 million shares of the stock on June 30, valued at $39.83 million. A small-cap producer of healthy packaged foods as well as products for the medical industry, Landec Corporation (NASDAQ:LNDC) shares have gained 4.74% over the past year. The stock was recently hit hard following disappointing FY 2018 guidance however, as its projected EPS of $0.52-$0.58 was well below estimates of $0.77.

Wynnefield appears to be very bullish on healthy foods, as its second-largest position was held by another producer of packaged foods, Nature’s Sunshine Prod. (NASDAQ:NATR). The fund owned 2.18 million shares of the stock, worth $28.94 million at the end of June. Nature’s Sunshine shares got a nice kick in mid-May when the company was approved for a direct selling license in China, allowing it to begin selling its products to China’s 1.3 billion consumers. However, its Q2 earnings were a disappointment, with $81.3 million in sales and a loss of $0.01 per share, which led to shares slumping over the following few days; they are down by 32.67% this year.

One of Wynnefield’s biggest moves of the second-quarter was to expand its position in S&W Seed Company (NASDAQ:SANW) by 37% to 3.26 million shares. Sticking with the food theme, shares of the agricultural company slumped heavily in May, which may be what prompted Wynnefield to buy more shares. S&W Seed Company (NASDAQ:SANW) announced a distribution agreement with Wilbur Ellis at the end of May, which will see its alfalfa seeds sold through Wilbur Ellis’ 160 locations in North America.

Disclosure: None