Natural Grocers by Vitamin Cottage (NYSE:NGVC) Trading Down 5.6% - Here's Why

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC - Get Free Report) dropped 5.6% during trading on Tuesday . The company traded as low as $44.68 and last traded at $47.02. Approximately 58,357 shares traded hands during trading, a decline of 52% from the average daily volume of 120,908 shares. The stock had previously closed at $49.80.

Natural Grocers by Vitamin Cottage Stock Down 1.3%

The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 30.36 and a beta of 1.62. The business's 50 day moving average price is $47.07 and its 200 day moving average price is $43.48. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.15 and a current ratio of 0.96.

Natural Grocers by Vitamin Cottage (NYSE:NGVC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The specialty retailer reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.14. Natural Grocers by Vitamin Cottage had a net margin of 2.84% and a return on equity of 21.12%. The firm had revenue of $335.77 million for the quarter, compared to analysts' expectations of $329.66 million. On average, equities analysts forecast that Natural Grocers by Vitamin Cottage, Inc. will post 1.61 EPS for the current year.

Natural Grocers by Vitamin Cottage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Tuesday, May 27th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $0.48 annualized dividend and a yield of 1.01%. Natural Grocers by Vitamin Cottage's dividend payout ratio (DPR) is currently 26.97%.

Institutional Trading of Natural Grocers by Vitamin Cottage

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio purchased a new stake in Natural Grocers by Vitamin Cottage in the 1st quarter valued at about $402,000. Ellsworth Advisors LLC purchased a new stake in Natural Grocers by Vitamin Cottage in the 1st quarter valued at about $855,000. Jane Street Group LLC raised its holdings in Natural Grocers by Vitamin Cottage by 53.9% in the 1st quarter. Jane Street Group LLC now owns 19,051 shares of the specialty retailer's stock valued at $766,000 after buying an additional 6,672 shares during the period. McIlrath & Eck LLC raised its holdings in Natural Grocers by Vitamin Cottage by 86.2% in the 1st quarter. McIlrath & Eck LLC now owns 661 shares of the specialty retailer's stock valued at $27,000 after buying an additional 306 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Natural Grocers by Vitamin Cottage in the 1st quarter valued at about $500,000. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

Natural Grocers by Vitamin Cottage Company Profile

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.