Lido Advisors LLC Has $2.92 Million Position in Suburban Propane Partners, L.P. (NYSE:SPH)

Lido Advisors LLC lifted its position in Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,837 shares of the energy company's stock after buying an additional 19,532 shares during the quarter. Lido Advisors LLC owned approximately 0.26% of Suburban Propane Partners worth $2,921,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cetera Trust Company N.A bought a new position in shares of Suburban Propane Partners during the fourth quarter valued at about $28,000. Wingate Wealth Advisors Inc. purchased a new position in Suburban Propane Partners in the fourth quarter worth about $31,000. Duncker Streett & Co. Inc. purchased a new position in shares of Suburban Propane Partners in the fourth quarter worth $34,000. Vision Financial Markets LLC purchased a new stake in shares of Suburban Propane Partners during the 4th quarter valued at about $34,000. Finally, Tandem Financial LLC bought a new position in shares of Suburban Propane Partners during the 4th quarter valued at $39,000. 30.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Michael A. Schueler sold 7,746 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total transaction of $162,123.78. Following the sale, the vice president now owns 11,133 shares of the company's stock, valued at approximately $233,013.69. This trade represents a 41.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Douglas Brinkworth sold 2,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total value of $41,000.00. Following the transaction, the senior vice president now directly owns 159,355 shares in the company, valued at approximately $3,266,777.50. The trade was a 1.24 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Suburban Propane Partners Price Performance

SPH traded down $0.06 on Tuesday, hitting $19.94. 64,481 shares of the company's stock traded hands, compared to its average volume of 237,146. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 2.39. The company's 50 day simple moving average is $20.47 and its 200-day simple moving average is $19.61. Suburban Propane Partners, L.P. has a one year low of $15.20 and a one year high of $22.24. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 18.81 and a beta of 0.22.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same quarter in the prior year, the firm earned $0.38 EPS.

Suburban Propane Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th will be issued a $0.325 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $1.30 dividend on an annualized basis and a yield of 6.52%. Suburban Propane Partners's payout ratio is 122.64%.

About Suburban Propane Partners

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.