MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Holdings in Suburban Propane Partners, L.P. (NYSE:SPH)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) by 1.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,404,228 shares of the energy company's stock after acquiring an additional 33,560 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 5.28% of Suburban Propane Partners worth $58,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of Suburban Propane Partners by 5.0% during the 4th quarter. Cetera Investment Advisers now owns 61,977 shares of the energy company's stock worth $1,066,000 after acquiring an additional 2,941 shares during the period. Lido Advisors LLC grew its stake in shares of Suburban Propane Partners by 13.0% during the 4th quarter. Lido Advisors LLC now owns 169,837 shares of the energy company's stock worth $2,921,000 after acquiring an additional 19,532 shares during the period. MGO One Seven LLC bought a new position in shares of Suburban Propane Partners during the 4th quarter worth $305,000. NewEdge Advisors LLC grew its stake in shares of Suburban Propane Partners by 45.9% during the 4th quarter. NewEdge Advisors LLC now owns 4,650 shares of the energy company's stock worth $80,000 after acquiring an additional 1,462 shares during the period. Finally, Mariner LLC grew its stake in shares of Suburban Propane Partners by 28.4% during the 4th quarter. Mariner LLC now owns 33,682 shares of the energy company's stock worth $579,000 after acquiring an additional 7,441 shares during the period. Institutional investors own 30.94% of the company's stock.

Insider Buying and Selling

In related news, SVP Douglas Brinkworth sold 2,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total transaction of $41,000.00. Following the sale, the senior vice president now owns 159,355 shares of the company's stock, valued at approximately $3,266,777.50. This represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

Suburban Propane Partners Stock Performance

Shares of SPH stock traded down $0.10 on Friday, hitting $19.32. 95,218 shares of the stock were exchanged, compared to its average volume of 197,705. 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 firm has a market capitalization of $1.25 billion, a PE ratio of 18.22 and a beta of 0.18. Suburban Propane Partners, L.P. has a one year low of $15.20 and a one year high of $22.24. The firm's 50 day moving average is $20.29 and its two-hundred day moving average is $19.65.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $2.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.21 by ($0.11). The company had revenue of $587.66 million for the quarter, compared to analysts' expectations of $548.00 million. Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%.

Suburban Propane Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were issued a dividend of $0.325 per share. The ex-dividend date was Tuesday, May 6th. This represents a $1.30 dividend on an annualized basis and a yield of 6.73%. Suburban Propane Partners's dividend payout ratio (DPR) is 90.28%.

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.