Private Advisor Group LLC Purchases 6,910 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Private Advisor Group LLC increased its position in Suburban Propane Partners, L.P. (NYSE:SPHFree Report) by 12.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,549 shares of the energy company’s stock after purchasing an additional 6,910 shares during the quarter. Private Advisor Group LLC owned approximately 0.10% of Suburban Propane Partners worth $1,257,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AdvisorNet Financial Inc grew its stake in Suburban Propane Partners by 16.5% in the 4th quarter. AdvisorNet Financial Inc now owns 4,162 shares of the energy company’s stock valued at $74,000 after buying an additional 591 shares during the last quarter. Spirit of America Management Corp NY acquired a new position in Suburban Propane Partners in the 4th quarter valued at about $178,000. Koshinski Asset Management Inc. grew its stake in Suburban Propane Partners by 100.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 22,000 shares of the energy company’s stock valued at $391,000 after buying an additional 11,000 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in Suburban Propane Partners in the 4th quarter valued at about $318,000. Finally, Virtu Financial LLC grew its stake in Suburban Propane Partners by 132.1% in the 4th quarter. Virtu Financial LLC now owns 34,196 shares of the energy company’s stock valued at $607,000 after buying an additional 19,461 shares during the last quarter. Institutional investors and hedge funds own 30.94% of the company’s stock.

Insider Buying and Selling

In related news, Director Harold R. Logan, Jr. sold 3,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $19.18, for a total value of $57,540.00. Following the completion of the transaction, the director now owns 39,515 shares of the company’s stock, valued at approximately $757,897.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SPH has been the topic of a number of analyst reports. StockNews.com lowered shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Wednesday. Argus increased their target price on shares of Suburban Propane Partners from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, June 10th.

Read Our Latest Analysis on SPH

Suburban Propane Partners Stock Performance

NYSE SPH opened at $18.40 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 10.89 and a beta of 0.44. The firm’s 50 day simple moving average is $19.43 and its 200 day simple moving average is $19.51. Suburban Propane Partners, L.P. has a 1 year low of $14.42 and a 1 year high of $22.33.

Suburban Propane Partners (NYSE:SPHGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The energy company reported $1.72 earnings per share (EPS) for the quarter. The business had revenue of $498.09 million for the quarter. Suburban Propane Partners had a net margin of 8.02% and a return on equity of 18.91%.

Suburban Propane Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $1.30 annualized dividend and a dividend yield of 7.07%. Suburban Propane Partners’s dividend payout ratio is 76.92%.

Suburban Propane Partners Company Profile

(Free Report)

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.

Further Reading

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

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