Peregrine Capital Management LLC Buys 254,800 Shares of SunOpta, Inc. (NASDAQ:STKL)

Peregrine Capital Management LLC lifted its holdings in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 30.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,084,518 shares of the company's stock after purchasing an additional 254,800 shares during the period. Peregrine Capital Management LLC owned about 0.91% of SunOpta worth $5,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in shares of SunOpta by 2.5% during the 4th quarter. Rhumbline Advisers now owns 140,310 shares of the company's stock valued at $1,080,000 after purchasing an additional 3,402 shares during the period. New York State Common Retirement Fund boosted its stake in SunOpta by 65.1% in the fourth quarter. New York State Common Retirement Fund now owns 20,287 shares of the company's stock worth $156,000 after buying an additional 8,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of SunOpta by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 774,918 shares of the company's stock valued at $5,967,000 after purchasing an additional 15,049 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of SunOpta during the fourth quarter valued at about $1,289,000. Finally, Johnson Investment Counsel Inc. grew its position in SunOpta by 55.5% during the 4th quarter. Johnson Investment Counsel Inc. now owns 26,998 shares of the company's stock worth $208,000 after acquiring an additional 9,635 shares during the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of SunOpta from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th.

Insider Activity at SunOpta

In other SunOpta news, CEO Brian W. Kocher purchased 10,000 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was acquired at an average price of $5.72 per share, for a total transaction of $57,200.00. Following the purchase, the chief executive officer owned 10,000 shares of the company's stock, valued at approximately $57,200. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by insiders.

SunOpta Stock Performance

NASDAQ STKL traded up $0.20 during trading hours on Tuesday, hitting $6.00. 636,387 shares of the company's stock traded hands, compared to its average volume of 793,715. SunOpta, Inc. has a 52 week low of $3.65 and a 52 week high of $8.11. The firm has a market capitalization of $705.24 million, a P/E ratio of -46.15 and a beta of 1.47. The company has a current ratio of 0.95, a quick ratio of 0.43 and a debt-to-equity ratio of 1.50. The business's fifty day moving average price is $5.60 and its two-hundred day moving average price is $6.09.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $201.63 million for the quarter, compared to the consensus estimate of $195.09 million. SunOpta had a positive return on equity of 11.65% and a negative net margin of 1.90%. Equities research analysts predict that SunOpta, Inc. will post 0.13 EPS for the current year.

About SunOpta

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.