Fuller & Thaler Asset Management Inc. Cuts Position in John B. Sanfilippo & Son, Inc. $JBSS

Key Points

• Fuller & Thaler Asset Management Inc. drastically reduced its stake in John B. Sanfilippo & Son, Inc. by 96.4%, owning only 579 shares worth around $41,000 after selling 15,332 shares.
• The firm's stock has shown a modest 1.9% increase with a current trading price around $63.92, while institutional investors now hold 70.64% of the company’s stock.
• John B. Sanfilippo & Son has announced a special $0.60 dividend per share, offering a significant yield of 130.0%, with the payment date set for September 11th.

Fuller & Thaler Asset Management Inc. lowered its holdings in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Free Report) by 96.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 579 shares of the company's stock after selling 15,332 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in John B. Sanfilippo & Son were worth $41,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Algert Global LLC lifted its position in John B. Sanfilippo & Son by 8.6% in the 1st quarter. Algert Global LLC now owns 13,016 shares of the company's stock valued at $922,000 after acquiring an additional 1,030 shares in the last quarter. Russell Investments Group Ltd. boosted its position in John B. Sanfilippo & Son by 15.5% in the first quarter. Russell Investments Group Ltd. now owns 9,132 shares of the company's stock valued at $647,000 after buying an additional 1,224 shares in the last quarter. HighTower Advisors LLC increased its position in shares of John B. Sanfilippo & Son by 16.3% during the first quarter. HighTower Advisors LLC now owns 28,670 shares of the company's stock worth $2,032,000 after buying an additional 4,015 shares during the period. Public Sector Pension Investment Board grew its holdings in John B. Sanfilippo & Son by 28.1% in the first quarter. Public Sector Pension Investment Board now owns 28,689 shares of the company's stock worth $2,033,000 after purchasing an additional 6,288 shares during the period. Finally, Nuveen LLC bought a new position in shares of John B. Sanfilippo & Son during the first quarter valued at about $1,813,000. Institutional investors and hedge funds own 70.64% of the company's stock.

John B. Sanfilippo & Son Price Performance

JBSS stock traded up $0.58 during midday trading on Wednesday, reaching $64.91. The company had a trading volume of 17,642 shares, compared to its average volume of 80,276. The company has a market capitalization of $763.34 million, a P/E ratio of 12.90 and a beta of 0.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 0.59. John B. Sanfilippo & Son, Inc. has a 1 year low of $58.47 and a 1 year high of $97.47. The firm has a 50-day moving average price of $64.97 and a 200-day moving average price of $66.41.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported $1.15 earnings per share for the quarter. John B. Sanfilippo & Son had a net margin of 5.32% and a return on equity of 17.54%. The firm had revenue of $269.08 million for the quarter.

John B. Sanfilippo & Son Cuts Dividend

The company also recently announced a special dividend, which will be paid on Thursday, September 11th. Investors of record on Tuesday, August 19th will be given a $0.60 dividend. The ex-dividend date is Tuesday, August 19th. This represents a yield of 130.0%. John B. Sanfilippo & Son's dividend payout ratio is currently 17.89%.

John B. Sanfilippo & Son Profile

John B. Sanfilippo & Son, Inc engages in the processing and distribution of nuts and nut-related products. It offers peanuts, pecans, cashews, walnuts, almonds, and other nuts under the brands of Fisher, Orchard Valley Harvest, Squirrel Brand, and Southern Style Nuts. The company was founded by Gaspare Sanfilippo and John B.