Navellier & Associates Inc. Invests $442,000 in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC)

Key Points

• Navellier & Associates Inc. has purchased 10,983 shares of Natural Grocers by Vitamin Cottage, Inc., valued at approximately $442,000, indicating growing interest in the specialty retailer.
• Natural Grocers reported a quarterly earnings per share (EPS) of $0.56, exceeding analysts' expectations of $0.42, with revenue of $335.77 million for the quarter.
• The company recently declared a quarterly dividend of $0.12 per share, contributing to an annualized dividend yield of 1.20% and a dividend payout ratio of 26.97%.

Navellier & Associates Inc. acquired a new stake in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,983 shares of the specialty retailer's stock, valued at approximately $442,000.

Several other hedge funds have also made changes to their positions in NGVC. Meeder Asset Management Inc. purchased a new position in Natural Grocers by Vitamin Cottage during the fourth quarter worth about $28,000. CWM LLC increased its holdings in Natural Grocers by Vitamin Cottage by 167.8% in the first quarter. CWM LLC now owns 1,291 shares of the specialty retailer's stock valued at $52,000 after buying an additional 809 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in Natural Grocers by Vitamin Cottage by 113.4% in the first quarter. Golden State Wealth Management LLC now owns 1,436 shares of the specialty retailer's stock valued at $58,000 after buying an additional 763 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Natural Grocers by Vitamin Cottage in the first quarter valued at about $72,000. Finally, Deutsche Bank AG increased its holdings in Natural Grocers by Vitamin Cottage by 46.0% in the fourth quarter. Deutsche Bank AG now owns 5,036 shares of the specialty retailer's stock valued at $200,000 after buying an additional 1,587 shares in the last quarter. Institutional investors and hedge funds own 31.99% of the company's stock.

Natural Grocers by Vitamin Cottage Price Performance

Natural Grocers by Vitamin Cottage stock traded up $0.82 during mid-day trading on Wednesday, reaching $37.78. The company had a trading volume of 52,495 shares, compared to its average volume of 193,281. Natural Grocers by Vitamin Cottage, Inc. has a 1 year low of $22.14 and a 1 year high of $61.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.97 and a quick ratio of 0.23. The company has a market capitalization of $866.30 million, a P/E ratio of 21.25 and a beta of 1.43. The stock's 50-day simple moving average is $42.16 and its 200-day simple moving average is $43.62.

Natural Grocers by Vitamin Cottage (NYSE:NGVC - Get Free Report) last issued its earnings results on Thursday, May 8th. The specialty retailer reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.14. Natural Grocers by Vitamin Cottage had a net margin of 3.18% and a return on equity of 23.27%. The company had revenue of $335.77 million during the quarter, compared to analysts' expectations of $329.66 million. On average, equities analysts predict that Natural Grocers by Vitamin Cottage, Inc. will post 1.61 EPS for the current year.

Natural Grocers by Vitamin Cottage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Tuesday, May 27th were paid 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 dividend yield of 1.27%. Natural Grocers by Vitamin Cottage's dividend payout ratio (DPR) is 26.97%.

Insider Buying and Selling at Natural Grocers by Vitamin Cottage

In other news, insider Lark Isely sold 2,000 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 6,682 shares of the company's stock, valued at $295,745.32. This trade represents a 23.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 58.80% of the stock is currently owned by company insiders.

Natural Grocers by Vitamin Cottage Profile

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.