12,612 Shares in Suburban Propane Partners, L.P. (NYSE:SPH) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Suburban Propane Partners, L.P. (NYSE:SPH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,612 shares of the energy company’s stock, valued at approximately $217,000.

Several other hedge funds also recently made changes to their positions in the company. Corient Private Wealth LLC acquired a new stake in shares of Suburban Propane Partners in the 4th quarter valued at about $251,000. Avantax Advisory Services Inc. lifted its stake in Suburban Propane Partners by 2.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,750 shares of the energy company’s stock valued at $391,000 after buying an additional 480 shares during the last quarter. HM Payson & Co. lifted its stake in Suburban Propane Partners by 10.9% in the fourth quarter. HM Payson & Co. now owns 12,200 shares of the energy company’s stock valued at $210,000 after buying an additional 1,200 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Suburban Propane Partners in the fourth quarter valued at approximately $3,474,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Suburban Propane Partners during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 30.94% of the company’s stock.

Suburban Propane Partners Stock Down 0.0 %

SPH stock opened at $21.21 on Friday. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 20.01 and a beta of 0.46. The company has a fifty day moving average price of $20.81 and a 200 day moving average price of $19.16. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51. Suburban Propane Partners, L.P. has a 12 month low of $15.20 and a 12 month high of $22.24.

Suburban Propane Partners (NYSE:SPH) last announced its earnings results on Thursday, February 6th. The energy company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a net margin of 5.18% and a return on equity of 11.81%. During the same quarter in the previous year, the firm earned $0.38 earnings per share.

Suburban Propane Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were paid a $0.325 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $1.30 annualized dividend and a dividend yield of 6.13%. Suburban Propane Partners’s dividend payout ratio (DPR) is currently 122.64%.

Insider Activity

In other news, VP Michael A. Schueler sold 7,746 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total transaction of $162,123.78. Following the transaction, the vice president now directly owns 11,133 shares in the company, valued at $233,013.69. The trade was a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Douglas Brinkworth sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $20.50, for a total transaction of $41,000.00. Following the completion of the sale, the senior vice president now owns 159,355 shares of the company’s stock, valued at approximately $3,266,777.50. The trade was a 1.24 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Suburban Propane Partners Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.