Dynamic Technology Lab Private Ltd Buys New Position in SunOpta, Inc. $STKL

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in SunOpta, Inc. worth approximately $937,000, representing 0.16% of the company's shares.
• Other institutional investors, including Wealth Enhancement Advisory Services LLC and Peregrine Capital Management LLC, have significantly increased their holdings in SunOpta during the first quarter.
• SunOpta reported positive quarterly earnings of $0.04 per share, surpassing analysts' expectations, with revenues of $191.49 million for the period.

Dynamic Technology Lab Private Ltd bought a new stake in SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 192,884 shares of the company's stock, valued at approximately $937,000. Dynamic Technology Lab Private Ltd owned approximately 0.16% of SunOpta at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. EP Wealth Advisors LLC raised its stake in SunOpta by 11.9% during the first quarter. EP Wealth Advisors LLC now owns 16,477 shares of the company's stock worth $80,000 after acquiring an additional 1,747 shares in the last quarter. State of Wyoming bought a new position in SunOpta during the first quarter worth about $81,000. Quantbot Technologies LP acquired a new stake in shares of SunOpta during the first quarter worth about $123,000. Algert Global LLC acquired a new stake in shares of SunOpta during the fourth quarter worth about $141,000. Finally, PharVision Advisers LLC acquired a new stake in shares of SunOpta during the fourth quarter worth about $153,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.

SunOpta Stock Down 2.0%

SunOpta stock traded down $0.13 during midday trading on Friday, reaching $6.26. The stock had a trading volume of 594,744 shares, compared to its average volume of 514,960. The stock has a market capitalization of $739.87 million, a P/E ratio of -104.33 and a beta of 1.35. SunOpta, Inc. has a 1-year low of $3.64 and a 1-year high of $8.11. The firm's fifty day simple moving average is $6.23 and its 200-day simple moving average is $5.64. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.39 and a current ratio of 0.96.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its 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. The company had revenue of $191.49 million during the quarter, compared to the consensus estimate of $185.36 million. SunOpta had a positive return on equity of 12.82% and a negative net margin of 0.66%. As a group, analysts expect that SunOpta, Inc. will post 0.13 EPS for the current fiscal year.

SunOpta Company Profile

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.