HighTower Advisors LLC Has $2.03 Million Holdings in John B. Sanfilippo & Son, Inc. $JBSS

Key Points

• HighTower Advisors LLC increased its stake in John B. Sanfilippo & Son, Inc. by 16.3%, owning 28,670 shares valued at approximately $2.03 million.
• John B. Sanfilippo & Son recently declared a $0.60 special dividend with a yield of 130.0%, to be paid on September 11th.
• The stock price of John B. Sanfilippo & Son saw a 5.0% increase, currently trading at $67.14, with a market capitalization of $789.57 million.

HighTower Advisors LLC lifted its position in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Free Report) by 16.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,670 shares of the company's stock after acquiring an additional 4,015 shares during the period. HighTower Advisors LLC owned approximately 0.24% of John B. Sanfilippo & Son worth $2,032,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Costello Asset Management INC bought a new stake in John B. Sanfilippo & Son during the 1st quarter worth approximately $34,000. Dunhill Financial LLC grew its stake in shares of John B. Sanfilippo & Son by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 606 shares of the company's stock valued at $53,000 after buying an additional 303 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of John B. Sanfilippo & Son in the fourth quarter valued at $147,000. Central Pacific Bank Trust Division bought a new position in shares of John B. Sanfilippo & Son in the first quarter valued at $177,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in John B. Sanfilippo & Son during the 1st quarter valued at $201,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Stock Performance

John B. Sanfilippo & Son stock traded up $0.31 during mid-day trading on Friday, hitting $64.90. 73,306 shares of the company's stock traded hands, compared to its average volume of 88,398. The firm has a 50 day simple moving average of $65.10 and a two-hundred day simple moving average of $66.32. John B. Sanfilippo & Son, Inc. has a fifty-two week low of $58.47 and a fifty-two week high of $97.47. The stock has a market cap of $755.44 million, a price-to-earnings 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 (NASDAQ:JBSS - Get Free Report) last posted its earnings results on Wednesday, August 20th. The company reported $1.15 earnings per share for the quarter. John B. Sanfilippo & Son had a return on equity of 17.54% and a net margin of 5.32%.The company had revenue of $269.08 million during the quarter.

John B. Sanfilippo & Son Cuts Dividend

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

John B. Sanfilippo & Son Company 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.