Sprague Resources (NYSE:SRLP) Share Price Crosses Below Two Hundred Day Moving Average of $23.11

Shares of Sprague Resources LP (NYSE:SRLP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.11 and traded as low as $17.32. Sprague Resources shares last traded at $17.60, with a volume of 47,330 shares trading hands.

A number of research analysts recently commented on SRLP shares. Zacks Investment Research downgraded Sprague Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 11th. TheStreet downgraded Sprague Resources from a “b” rating to a “c” rating in a report on Tuesday, September 7th.

The company has a debt-to-equity ratio of 12.50, a quick ratio of 0.56 and a current ratio of 0.94. The business has a fifty day simple moving average of $21.06 and a 200 day simple moving average of $23.11. The company has a market cap of $461.58 million, a P/E ratio of 27.08 and a beta of 0.88.

The company also recently announced a quarterly dividend, which was paid on Monday, August 9th. Shareholders of record on Tuesday, August 3rd were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 15.17%. The ex-dividend date was Monday, August 2nd. This is an increase from Sprague Resources’s previous quarterly dividend of $0.65. Sprague Resources’s dividend payout ratio (DPR) is currently 240.54%.

A number of large investors have recently added to or reduced their stakes in SRLP. Commonwealth Equity Services LLC bought a new position in Sprague Resources during the 1st quarter worth approximately $508,000. Sowell Financial Services LLC bought a new position in Sprague Resources during the 1st quarter worth approximately $116,000. Captrust Financial Advisors acquired a new stake in shares of Sprague Resources during the 1st quarter worth approximately $53,000. Tortoise Index Solutions LLC acquired a new stake in shares of Sprague Resources during the 2nd quarter worth approximately $223,000. Finally, Vident Investment Advisory LLC acquired a new stake in shares of Sprague Resources during the 2nd quarter worth approximately $223,000. 1.99% of the stock is currently owned by institutional investors.

About Sprague Resources (NYSE:SRLP)

Sprague Resources LP engages in the purchase, storage, distribution and sale of refined products and natural gas. It operates its business through the following segments: Refined Products, Natural Gas, Materials Handling, and Other Operations. The Refined Products segment offers refined products, such as heating oil, diesel, residual fuel oil, kerosene, jet fuel and gasoline.

Featured Story: Nikkei 225 Index

Receive News & Ratings for Sprague Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprague Resources and related companies with MarketBeat.com's FREE daily email newsletter.