Natural Grocers by Vitamin Cottage, Inc. Declares Quarterly Dividend of $0.12 (NYSE:NGVC)

Key Points

• Natural Grocers by Vitamin Cottage, Inc. has declared a quarterly dividend of $0.12 per share, payable on September 17th to stockholders of record on September 2nd, resulting in an annualized yield of 1.3%.
• The company reported $0.50 earnings per share for the recent quarter, with a return on equity of 23.27% and a net margin of 3.18%.
• Natural Grocers' stock has experienced fluctuations, showing a twelve-month low of $22.52 and a high of $61.22, currently trading at $36.74.

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Shareholders of record on Tuesday, September 2nd will be given a dividend of 0.12 per share by the specialty retailer on Wednesday, September 17th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 2nd.

Natural Grocers by Vitamin Cottage has a dividend payout ratio of 23.0% meaning its dividend is sufficiently covered by earnings.

Natural Grocers by Vitamin Cottage Stock Performance

Shares of NYSE:NGVC traded down $0.06 during midday trading on Monday, reaching $39.44. 39,380 shares of the company's stock traded hands, compared to its average volume of 199,386. The company has a market cap of $905.15 million, a price-to-earnings ratio of 21.08 and a beta of 1.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.21 and a current ratio of 1.02. Natural Grocers by Vitamin Cottage has a one year low of $22.52 and a one year high of $61.22. The stock has a 50 day moving average of $40.33 and a 200 day moving average of $43.51.

Natural Grocers by Vitamin Cottage (NYSE:NGVC - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The specialty retailer reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. The company had revenue of $328.71 million during the quarter, compared to analyst estimates of $335.01 million. Natural Grocers by Vitamin Cottage had a return on equity of 23.47% and a net margin of 3.31%. As a group, equities research analysts anticipate that Natural Grocers by Vitamin Cottage will post 1.61 EPS for the current fiscal year.

Insider Buying and Selling at Natural Grocers by Vitamin Cottage

In related news, insider Lark Isely sold 2,000 shares of Natural Grocers by Vitamin Cottage stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $44.26, for a total value of $88,520.00. Following the completion of the transaction, the insider owned 6,682 shares in the company, valued at $295,745.32. The trade was a 23.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 58.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC lifted its position in Natural Grocers by Vitamin Cottage by 86.2% in the first quarter. McIlrath & Eck LLC now owns 661 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 306 shares during the period. CWM LLC increased its stake in shares of Natural Grocers by Vitamin Cottage by 167.8% during the 1st quarter. CWM LLC now owns 1,291 shares of the specialty retailer's stock worth $52,000 after purchasing an additional 809 shares in the last quarter. State of Wyoming purchased a new position in shares of Natural Grocers by Vitamin Cottage during the 1st quarter worth approximately $57,000. Golden State Wealth Management LLC increased its stake in shares of Natural Grocers by Vitamin Cottage by 113.4% during the 1st quarter. Golden State Wealth Management LLC now owns 1,436 shares of the specialty retailer's stock worth $58,000 after purchasing an additional 763 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Natural Grocers by Vitamin Cottage during the 1st quarter worth approximately $72,000. 31.99% of the stock is currently owned by institutional investors and hedge funds.

About Natural Grocers by Vitamin Cottage

Natural Grocers by Vitamin Cottage, Inc, together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery products, such as organic produce; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products.