Y Intercept Hong Kong Ltd purchased a new position in shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,556 shares of the specialty retailer’s stock, valued at approximately $1,203,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of NGVC. Inspire Investing LLC boosted its stake in shares of Natural Grocers by Vitamin Cottage by 6.9% during the 1st quarter. Inspire Investing LLC now owns 19,979 shares of the specialty retailer’s stock worth $516,000 after acquiring an additional 1,282 shares during the period. Janney Montgomery Scott LLC raised its stake in Natural Grocers by Vitamin Cottage by 2.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 36,927 shares of the specialty retailer’s stock valued at $955,000 after acquiring an additional 1,014 shares during the period. OP Asset Management Ltd acquired a new stake in Natural Grocers by Vitamin Cottage during the 1st quarter valued at $331,000. Invesco Ltd. lifted its holdings in Natural Grocers by Vitamin Cottage by 2.1% during the 4th quarter. Invesco Ltd. now owns 29,862 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 604 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Natural Grocers by Vitamin Cottage by 105.2% during the fourth quarter. NewEdge Advisors LLC now owns 1,110 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 569 shares during the period. Institutional investors own 31.99% of the company’s stock.
Natural Grocers by Vitamin Cottage Stock Performance
Shares of NYSE NGVC traded down $0.24 during trading hours on Friday, reaching $32.76. 80,330 shares of the stock were exchanged, compared to its average volume of 117,607. The stock’s fifty day simple moving average is $30.17 and its 200 day simple moving average is $27.50. The firm has a market capitalization of $754.89 million, a price-to-earnings ratio of 15.75 and a beta of 1.33. Natural Grocers by Vitamin Cottage, Inc. has a 52 week low of $23.47 and a 52 week high of $45.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.25 and a current ratio of 1.05.
Natural Grocers by Vitamin Cottage Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, May 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, May 18th. Natural Grocers by Vitamin Cottage’s dividend payout ratio (DPR) is currently 28.85%.
Wall Street Analysts Forecast Growth
Several research firms have commented on NGVC. Wall Street Zen downgraded shares of Natural Grocers by Vitamin Cottage from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Alliance Global Partners began coverage on shares of Natural Grocers by Vitamin Cottage in a research note on Thursday, April 16th. They set a “buy” rating and a $40.00 target price for the company. Finally, Weiss Ratings upgraded shares of Natural Grocers by Vitamin Cottage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Natural Grocers by Vitamin Cottage presently has an average rating of “Moderate Buy” and a consensus price target of $47.00.
Check Out Our Latest Analysis on NGVC
Insider Buying and Selling
In other Natural Grocers by Vitamin Cottage news, insider Charity Isely sold 3,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $29.04, for a total value of $87,120.00. Following the completion of the sale, the insider owned 10,697 shares of the company’s stock, valued at $310,640.88. The trade was a 21.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 58.30% of the company’s stock.
About Natural Grocers by Vitamin Cottage
Natural Grocers by Vitamin Cottage, Inc operates a chain of specialty grocery stores focused on natural and organic products. Founded in 1955 by Margaret and Philip Isely in Lakewood, Colorado, the company has built a reputation on strict product standards, including certified organic produce, non-GMO groceries and dietary supplements. Natural Grocers emphasizes whole, unprocessed foods and carries a broad assortment of private-label and national brands that meet its quality guidelines.
The company’s core offerings include fresh fruits and vegetables, bulk foods, vitamins, minerals and nutritional supplements, as well as natural body care and household items.
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