Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 88,678 shares of the specialty retailer’s stock, valued at approximately $2,751,000.
Other large investors have also bought and sold shares of the company. KBC Group NV purchased a new stake in shares of Natural Grocers by Vitamin Cottage in the first quarter worth approximately $1,288,000. Wedge Capital Management L L P NC bought a new stake in shares of Natural Grocers by Vitamin Cottage in the second quarter valued at about $1,658,000. Green Alpha Advisors LLC bought a new stake in shares of Natural Grocers by Vitamin Cottage in the 2nd quarter valued at about $2,004,000. Public Employees Retirement System of Ohio bought a new position in Natural Grocers by Vitamin Cottage in the first quarter worth approximately $1,249,000. Finally, UBS Group AG lifted its stake in shares of Natural Grocers by Vitamin Cottage by 65.5% during the 4th quarter. UBS Group AG now owns 128,059 shares of the specialty retailer’s stock worth $3,208,000 after purchasing an additional 50,677 shares during the last quarter. 31.99% of the stock is owned by institutional investors.
Natural Grocers by Vitamin Cottage Trading Up 0.8%
Natural Grocers by Vitamin Cottage stock opened at $27.45 on Friday. The stock has a 50-day moving average price of $30.71 and a 200 day moving average price of $28.51. The company has a market capitalization of $632.72 million, a price-to-earnings ratio of 13.33 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 $41.14. The company has a quick ratio of 0.25, a current ratio of 1.10 and a debt-to-equity ratio of 0.18.
Natural Grocers by Vitamin Cottage Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, August 17th. Natural Grocers by Vitamin Cottage’s dividend payout ratio (DPR) is 29.13%.
Wall Street Analyst Weigh In
NGVC has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Natural Grocers by Vitamin Cottage in a research report on Monday. Wall Street Zen cut shares of Natural Grocers by Vitamin Cottage from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.00.
View Our Latest Report on NGVC
Natural Grocers by Vitamin Cottage Company Profile
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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