Aquatic Capital Management LLC Takes Position in B&G Foods, Inc. (NYSE:BGS)

Aquatic Capital Management LLC purchased a new stake in B&G Foods, Inc. (NYSE:BGS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 134,194 shares of the company's stock, valued at approximately $925,000. Aquatic Capital Management LLC owned approximately 0.17% of B&G Foods at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of B&G Foods by 310.1% during the third quarter. Barclays PLC now owns 130,693 shares of the company's stock worth $1,160,000 after buying an additional 98,824 shares during the last quarter. JPMorgan Chase & Co. grew its position in B&G Foods by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 178,434 shares of the company's stock worth $1,584,000 after acquiring an additional 11,901 shares during the last quarter. GAMMA Investing LLC increased its holdings in B&G Foods by 346.0% in the 4th quarter. GAMMA Investing LLC now owns 25,179 shares of the company's stock worth $173,000 after purchasing an additional 19,534 shares in the last quarter. Regent Peak Wealth Advisors LLC bought a new position in B&G Foods in the fourth quarter valued at about $81,000. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of B&G Foods during the fourth quarter valued at about $857,000. 66.15% of the stock is owned by institutional investors.

B&G Foods Trading Down 1.3 %

Shares of B&G Foods stock traded down $0.09 during midday trading on Friday, reaching $6.72. The company had a trading volume of 1,451,668 shares, compared to its average volume of 1,472,402. The stock has a fifty day moving average price of $6.77 and a 200 day moving average price of $6.89. B&G Foods, Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $11.72. The firm has a market cap of $531.81 million, a PE ratio of -19.76 and a beta of 0.74. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.64 and a quick ratio of 0.49.

B&G Foods (NYSE:BGS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. The firm had revenue of $551.57 million for the quarter, compared to the consensus estimate of $547.95 million. On average, equities analysts anticipate that B&G Foods, Inc. will post 0.7 earnings per share for the current year.

B&G Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 11.31%. The ex-dividend date of this dividend was Monday, March 31st. B&G Foods's dividend payout ratio (DPR) is presently -23.90%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their price objective on B&G Foods from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $8.10.

B&G Foods Profile

B&G Foods, Inc is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar.