Green Alpha Advisors LLC acquired a new position in shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 64,614 shares of the specialty retailer’s stock, valued at approximately $2,004,000. Natural Grocers by Vitamin Cottage comprises approximately 1.3% of Green Alpha Advisors LLC’s holdings, making the stock its 24th biggest position.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NGVC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Natural Grocers by Vitamin Cottage by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,600 shares of the specialty retailer’s stock worth $225,000 after purchasing an additional 234 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Natural Grocers by Vitamin Cottage by 2.6% in the 2nd quarter. Jane Street Group LLC now owns 19,546 shares of the specialty retailer’s stock valued at $767,000 after buying an additional 495 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Natural Grocers by Vitamin Cottage by 105.2% in the fourth quarter. NewEdge Advisors LLC now owns 1,110 shares of the specialty retailer’s stock worth $28,000 after buying an additional 569 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Natural Grocers by Vitamin Cottage by 44.3% in the second quarter. Osaic Holdings Inc. now owns 1,931 shares of the specialty retailer’s stock worth $76,000 after buying an additional 593 shares during the last quarter. Finally, Invesco Ltd. raised its position in Natural Grocers by Vitamin Cottage by 2.1% during the fourth quarter. Invesco Ltd. now owns 29,862 shares of the specialty retailer’s stock valued at $748,000 after acquiring an additional 604 shares in the last quarter. Hedge funds and other institutional investors own 31.99% of the company’s stock.
Natural Grocers by Vitamin Cottage Price Performance
Shares of NYSE:NGVC opened at $27.62 on Friday. Natural Grocers by Vitamin Cottage, Inc. has a fifty-two week low of $23.47 and a fifty-two week high of $41.58. The business has a 50-day moving average of $30.98 and a two-hundred day moving average of $28.49. The stock has a market capitalization of $636.64 million, a P/E ratio of 13.41 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.10 and a quick ratio of 0.25.
Natural Grocers by Vitamin Cottage Announces Dividend
The business 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 $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, August 17th. Natural Grocers by Vitamin Cottage’s payout ratio is 29.13%.
Insider Transactions at Natural Grocers by Vitamin Cottage
In other Natural Grocers by Vitamin Cottage news, insider Charity Isely sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $29.04, for a total transaction 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. This represents a 21.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 58.30% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on NGVC shares. Wall Street Zen cut shares of Natural Grocers by Vitamin Cottage from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.
Read 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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