Man Group plc purchased a new stake in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 74,390 shares of the specialty retailer’s stock, valued at approximately $2,308,000. Man Group plc owned about 0.32% of Natural Grocers by Vitamin Cottage at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Natural Grocers by Vitamin Cottage by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,600 shares of the specialty retailer’s stock valued at $225,000 after acquiring an additional 234 shares during the last quarter. Jane Street Group LLC raised its holdings in Natural Grocers by Vitamin Cottage by 2.6% during the 2nd quarter. Jane Street Group LLC now owns 19,546 shares of the specialty retailer’s stock worth $767,000 after purchasing an additional 495 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Natural Grocers by Vitamin Cottage by 105.2% in the 4th quarter. NewEdge Advisors LLC now owns 1,110 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 569 shares during the period. Osaic Holdings Inc. lifted its position in shares of Natural Grocers by Vitamin Cottage by 44.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,931 shares of the specialty retailer’s stock worth $76,000 after purchasing an additional 593 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Natural Grocers by Vitamin Cottage by 2.1% in the 4th quarter. Invesco Ltd. now owns 29,862 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 604 shares during the last quarter. 31.99% of the stock is currently owned by institutional investors.
Natural Grocers by Vitamin Cottage Price Performance
NGVC stock opened at $27.59 on Wednesday. The stock has a market capitalization of $635.95 million, a PE ratio of 13.39 and a beta of 1.30. The company’s 50-day moving average is $30.56 and its 200-day moving average is $28.57. 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, Inc. has a 1 year low of $23.47 and a 1 year high of $41.14.
Natural Grocers by Vitamin Cottage Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, August 17th. This represents a $0.60 annualized dividend and a dividend yield of 2.2%. Natural Grocers by Vitamin Cottage’s payout ratio is currently 29.13%.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Natural Grocers by Vitamin Cottage in a research note on Monday, August 24th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.00.
Check Out Our Latest Report on NGVC
Natural Grocers by Vitamin Cottage 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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