Tectonic Advisors LLC Purchases 42,415 Shares of SunOpta, Inc. (NASDAQ:STKL)

Tectonic Advisors LLC raised its stake in SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 13.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 355,826 shares of the company's stock after purchasing an additional 42,415 shares during the period. Tectonic Advisors LLC owned approximately 0.30% of SunOpta worth $1,729,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new stake in SunOpta in the 4th quarter valued at $36,000. Bayesian Capital Management LP lifted its holdings in shares of SunOpta by 15.2% during the 4th quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock worth $89,000 after acquiring an additional 1,523 shares during the period. Quadrant Capital Group LLC lifted its holdings in SunOpta by 15.2% during the 4th quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock valued at $112,000 after purchasing an additional 1,923 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in SunOpta by 18.7% during the 4th quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company's stock valued at $113,000 after purchasing an additional 2,316 shares during the last quarter. Finally, Algert Global LLC bought a new position in SunOpta during the 4th quarter valued at about $141,000. 85.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other SunOpta news, CEO Brian W. Kocher purchased 10,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was bought at an average price of $5.72 per share, for a total transaction of $57,200.00. Following the transaction, the chief executive officer directly owned 10,000 shares in the company, valued at $57,200. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.90% of the company's stock.

SunOpta Stock Performance

STKL stock remained flat at $6.29 during trading on Friday. 617,000 shares of the company traded hands, compared to its average volume of 808,702. SunOpta, Inc. has a 12-month low of $3.65 and a 12-month high of $8.11. The stock has a market cap of $739.34 million, a PE ratio of -48.38 and a beta of 1.43. The stock has a 50 day moving average of $6.05 and a 200 day moving average of $5.98. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.43 and a current ratio of 0.95.

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

SunOpta 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.