Stratos Wealth Partners LTD. Sells 2,946 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Stratos Wealth Partners LTD. trimmed its holdings in Suburban Propane Partners, L.P. (NYSE:SPH) by 20.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,716 shares of the energy company’s stock after selling 2,946 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Suburban Propane Partners were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Suburban Propane Partners by 275.5% in the first quarter. Farther Finance Advisors LLC now owns 1,363 shares of the energy company’s stock valued at $29,000 after acquiring an additional 1,000 shares during the period. NewEdge Advisors LLC raised its stake in shares of Suburban Propane Partners by 45.9% in the fourth quarter. NewEdge Advisors LLC now owns 4,650 shares of the energy company’s stock valued at $80,000 after purchasing an additional 1,462 shares in the last quarter. Wood Tarver Financial Group LLC acquired a new position in shares of Suburban Propane Partners in the fourth quarter valued at $120,000. Secure Asset Management LLC acquired a new position in shares of Suburban Propane Partners in the first quarter valued at $205,000. Finally, Vivaldi Capital Management LP acquired a new position in shares of Suburban Propane Partners in the fourth quarter valued at $176,000. 30.94% of the stock is owned by institutional investors.

Suburban Propane Partners Stock Performance

Shares of NYSE SPH opened at $18.55 on Thursday. The business has a fifty day simple moving average of $18.72 and a 200 day simple moving average of $19.70. The company has a current ratio of 1.06, a quick ratio of 0.81 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 12.88 and a beta of 0.16. Suburban Propane Partners, L.P. has a one year low of $15.20 and a one year high of $22.24.

Suburban Propane Partners (NYSE:SPH) last issued its earnings results on Thursday, May 8th. The energy company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.11). The firm had revenue of $587.66 million during the quarter, compared to analyst estimates of $548.00 million. Suburban Propane Partners had a net margin of 6.65% and a return on equity of 15.98%.

Suburban Propane Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were paid a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.01%. Suburban Propane Partners’s payout ratio is 90.28%.

Insider Activity at Suburban Propane Partners

In other Suburban Propane Partners news, Director Harold R. Logan, Jr. sold 6,900 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $19.14, for a total transaction of $132,066.00. Following the completion of the transaction, the director directly owned 39,227 shares in the company, valued at $750,804.78. This represents a 14.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Suburban Propane Partners Company Profile

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.