KLP Kapitalforvaltning AS Acquires Shares of 1,800 Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC)

KLP Kapitalforvaltning AS acquired a new stake in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,800 shares of the specialty retailer’s stock, valued at approximately $72,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NGVC. GAMMA Investing LLC raised its position in Natural Grocers by Vitamin Cottage by 9,741.4% in the 1st quarter. GAMMA Investing LLC now owns 5,708 shares of the specialty retailer’s stock worth $229,000 after purchasing an additional 5,650 shares during the period. Two Sigma Investments LP boosted its position in shares of Natural Grocers by Vitamin Cottage by 30.9% during the fourth quarter. Two Sigma Investments LP now owns 56,193 shares of the specialty retailer’s stock valued at $2,232,000 after buying an additional 13,255 shares during the period. Vanguard Group Inc. grew its stake in shares of Natural Grocers by Vitamin Cottage by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 689,291 shares of the specialty retailer’s stock valued at $27,379,000 after buying an additional 38,880 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Natural Grocers by Vitamin Cottage in the first quarter worth approximately $14,006,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Natural Grocers by Vitamin Cottage in the first quarter worth approximately $317,000. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Natural Grocers by Vitamin Cottage Price Performance

Shares of NGVC stock opened at $37.84 on Friday. The stock has a 50 day moving average price of $41.66 and a 200 day moving average price of $43.57. Natural Grocers by Vitamin Cottage, Inc. has a 52-week low of $22.14 and a 52-week high of $61.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.23 and a current ratio of 0.97. The firm has a market capitalization of $867.67 million, a P/E ratio of 21.26 and a beta of 1.43.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last released its earnings results on Thursday, May 8th. The specialty retailer reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.14. The business had revenue of $335.77 million for the quarter, compared to analyst estimates of $329.66 million. Natural Grocers by Vitamin Cottage had a return on equity of 23.27% and a net margin of 3.18%. As a group, sell-side analysts predict that Natural Grocers by Vitamin Cottage, Inc. will post 1.61 earnings per share for the current year.

Natural Grocers by Vitamin Cottage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Tuesday, May 27th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.3%. Natural Grocers by Vitamin Cottage’s dividend payout ratio (DPR) is presently 26.97%.

Insiders Place Their Bets

In other Natural Grocers by Vitamin Cottage news, insider Lark Isely sold 2,000 shares of the company’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $44.26, for a total value of $88,520.00. Following the transaction, the insider directly owned 6,682 shares in the company, valued at $295,745.32. This represents a 23.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 58.80% of the stock is owned by insiders.

About Natural Grocers by Vitamin Cottage

Natural Grocers by Vitamin Cottage, Inc, together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company’s stores offer natural and organic grocery products, such as organic produce; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products.