Friedberg Investment Management lessened its position in Sprague Resources LP (NYSE:SRLP) by 80.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,550 shares of the oil and gas company’s stock after selling 46,329 shares during the quarter. Friedberg Investment Management owned about 0.05% of Sprague Resources worth $284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Kayne Anderson Capital Advisors LP grew its position in Sprague Resources by 1.8% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 826,554 shares of the oil and gas company’s stock worth $20,332,000 after purchasing an additional 15,000 shares during the last quarter. Advantus Capital Management Inc grew its position in Sprague Resources by 41.2% in the 3rd quarter. Advantus Capital Management Inc now owns 62,340 shares of the oil and gas company’s stock worth $1,534,000 after purchasing an additional 18,200 shares during the last quarter. Beaton Management Co. Inc. acquired a new stake in Sprague Resources in the 2nd quarter worth $314,000. Susquehanna International Group LLP acquired a new stake in Sprague Resources in the 2nd quarter worth $265,000. Finally, Virtu KCG Holdings LLC acquired a new stake in Sprague Resources in the 2nd quarter worth $255,000. Institutional investors own 21.98% of the company’s stock.

Shares of Sprague Resources LP (NYSE:SRLP) traded up $0.25 during trading on Thursday, hitting $24.85. 18,800 shares of the stock traded hands, compared to its average volume of 39,234. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.16 and a current ratio of 2.35. Sprague Resources LP has a 1-year low of $22.50 and a 1-year high of $30.75. The firm has a market cap of $554.80, a price-to-earnings ratio of 13.74 and a beta of 1.40.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a dividend of $0.6225 per share. This is a positive change from Sprague Resources’s previous quarterly dividend of $0.61. This represents a $2.49 annualized dividend and a dividend yield of 10.02%. The ex-dividend date was Friday, November 3rd. Sprague Resources’s payout ratio is 139.11%.

Several analysts have issued reports on SRLP shares. Zacks Investment Research upgraded shares of Sprague Resources from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub lowered shares of Sprague Resources from a “hold” rating to a “sell” rating in a research report on Saturday, September 23rd.

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About Sprague Resources

Institutional Ownership by Quarter for Sprague Resources (NYSE:SRLP)

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