Ballentine Partners LLC Makes New Investment in SunOpta, Inc. $STKL

Ballentine Partners LLC bought a new stake in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,666 shares of the company’s stock, valued at approximately $120,000.

Several other institutional investors have also recently made changes to their positions in STKL. Rhumbline Advisers grew its stake in SunOpta by 5.1% in the 1st quarter. Rhumbline Advisers now owns 147,519 shares of the company’s stock valued at $717,000 after acquiring an additional 7,209 shares during the period. Jane Street Group LLC raised its holdings in shares of SunOpta by 607.5% during the 1st quarter. Jane Street Group LLC now owns 281,976 shares of the company’s stock worth $1,370,000 after acquiring an additional 242,121 shares during the period. First Dallas Securities Inc. raised its holdings in shares of SunOpta by 42.6% during the 1st quarter. First Dallas Securities Inc. now owns 67,000 shares of the company’s stock worth $326,000 after acquiring an additional 20,000 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of SunOpta during the 1st quarter worth $937,000. Finally, Rip Road Capital Partners LP raised its holdings in shares of SunOpta by 213.2% during the 1st quarter. Rip Road Capital Partners LP now owns 500,814 shares of the company’s stock worth $2,434,000 after acquiring an additional 340,914 shares during the period. 85.39% of the stock is owned by hedge funds and other institutional investors.

SunOpta Stock Up 0.3%

NASDAQ STKL opened at $5.86 on Wednesday. SunOpta, Inc. has a 52 week low of $3.64 and a 52 week high of $8.11. The company has a quick ratio of 0.39, a current ratio of 0.96 and a debt-to-equity ratio of 1.46. The business’s fifty day simple moving average is $6.19 and its 200-day simple moving average is $5.66. The firm has a market cap of $707.54 million, a PE ratio of -97.67 and a beta of 1.35.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. SunOpta had a positive return on equity of 12.82% and a negative net margin of 0.66%.The business had revenue of $191.49 million for the quarter, compared to analyst estimates of $185.36 million. As a group, equities analysts anticipate that SunOpta, Inc. will post 0.13 earnings per share for the current year.

About SunOpta

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.