SeaCrest Wealth Management LLC Purchases Shares of 6,888 Suburban Propane Partners, L.P. (NYSE:SPH)

SeaCrest Wealth Management LLC purchased a new stake in Suburban Propane Partners, L.P. (NYSE:SPHGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,888 shares of the energy company’s stock, valued at approximately $105,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its holdings in shares of Suburban Propane Partners by 4,041.8% in the first quarter. BNP Paribas Arbitrage SA now owns 235,298 shares of the energy company’s stock valued at $3,788,000 after purchasing an additional 229,617 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Suburban Propane Partners by 29.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 211,058 shares of the energy company’s stock valued at $3,398,000 after purchasing an additional 48,289 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Suburban Propane Partners by 1.0% in the second quarter. Commonwealth Equity Services LLC now owns 131,877 shares of the energy company’s stock valued at $2,012,000 after purchasing an additional 1,345 shares in the last quarter. Alphastar Capital Management LLC lifted its stake in shares of Suburban Propane Partners by 107.1% during the second quarter. Alphastar Capital Management LLC now owns 87,753 shares of the energy company’s stock valued at $1,339,000 after buying an additional 45,390 shares during the period. Finally, Prospera Financial Services Inc lifted its stake in shares of Suburban Propane Partners by 259,562.5% during the second quarter. Prospera Financial Services Inc now owns 83,092 shares of the energy company’s stock valued at $1,268,000 after buying an additional 83,060 shares during the period. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Suburban Propane Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 11th.

Suburban Propane Partners Stock Performance

Shares of SPH opened at $15.88 on Thursday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.61 and a current ratio of 0.89. The company has a market capitalization of $999.96 million, a price-to-earnings ratio of 7.28 and a beta of 0.66. The company’s 50 day simple moving average is $16.22 and its 200 day simple moving average is $16.27. Suburban Propane Partners, L.P. has a 1 year low of $13.83 and a 1 year high of $17.75.

Suburban Propane Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 8th. Stockholders of record on Tuesday, November 1st were given a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 8.19%. The ex-dividend date of this dividend was Monday, October 31st. Suburban Propane Partners’s payout ratio is currently 59.63%.

Suburban Propane Partners Profile

(Get Rating)

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.

Further Reading

Institutional Ownership by Quarter for Suburban Propane Partners (NYSE:SPH)

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