Natural Grocers by Vitamin Cottage (NYSE:NGVC) Stock Price Up 10.9% on Earnings Beat

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) rose 10.9% during trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $45.98 and last traded at $41.07. Approximately 388,375 shares traded hands during mid-day trading, an increase of 96% from the average daily volume of 198,309 shares. The stock had previously closed at $37.02.

The specialty retailer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $328.71 million during the quarter, compared to analyst estimates of $335.01 million. Natural Grocers by Vitamin Cottage had a net margin of 3.31% and a return on equity of 24.19%.

Natural Grocers by Vitamin Cottage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. Natural Grocers by Vitamin Cottage’s dividend payout ratio (DPR) is currently 26.97%.

Insider Buying and Selling at Natural Grocers by Vitamin Cottage

In other Natural Grocers by Vitamin Cottage news, insider Lark Isely sold 2,000 shares of Natural Grocers by Vitamin Cottage stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $44.26, for a total transaction of $88,520.00. Following the completion of the sale, the insider owned 6,682 shares of the company’s stock, valued at approximately $295,745.32. The trade was a 23.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 58.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Natural Grocers by Vitamin Cottage

A number of institutional investors have recently bought and sold shares of NGVC. Vanguard Group Inc. grew its holdings in Natural Grocers by Vitamin Cottage by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 689,291 shares of the specialty retailer’s stock worth $27,379,000 after acquiring an additional 38,880 shares during the period. Wellington Management Group LLP acquired a new stake in Natural Grocers by Vitamin Cottage during the 4th quarter worth $5,444,000. Wells Fargo & Company MN grew its holdings in Natural Grocers by Vitamin Cottage by 28.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,690 shares of the specialty retailer’s stock worth $226,000 after acquiring an additional 1,269 shares during the period. Federated Hermes Inc. boosted its position in shares of Natural Grocers by Vitamin Cottage by 219.0% during the fourth quarter. Federated Hermes Inc. now owns 16,447 shares of the specialty retailer’s stock worth $653,000 after purchasing an additional 11,292 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Natural Grocers by Vitamin Cottage by 5.5% during the fourth quarter. Renaissance Technologies LLC now owns 592,709 shares of the specialty retailer’s stock worth $23,542,000 after purchasing an additional 30,691 shares in the last quarter. Institutional investors and hedge funds own 31.99% of the company’s stock.

Natural Grocers by Vitamin Cottage Trading Up 6.6%

The business’s 50-day moving average price is $40.33 and its two-hundred day moving average price is $43.47. The company has a market capitalization of $904.82 million, a P/E ratio of 20.99 and a beta of 1.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.97 and a quick ratio of 0.23.

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.