Natural Grocers by Vitamin Cottage (NYSE:NGVC) Trading Down 6% - Here's What Happened

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC - Get Free Report) dropped 6% on Tuesday . The stock traded as low as $45.02 and last traded at $45.30. Approximately 53,434 shares traded hands during trading, a decline of 57% from the average daily volume of 123,567 shares. The stock had previously closed at $48.18.

Natural Grocers by Vitamin Cottage Stock Down 2.4%

The business has a 50-day simple moving average of $47.87 and a 200-day simple moving average of $43.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.15 and a current ratio of 0.96. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 28.24 and a beta of 1.62.

Natural Grocers by Vitamin Cottage (NYSE:NGVC - Get Free Report) last issued its earnings results on Thursday, May 8th. The specialty retailer reported $0.56 earnings per share for the quarter, beating the consensus estimate 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 anticipate that Natural Grocers by Vitamin Cottage, Inc. will post 1.61 earnings per share for the current fiscal year.

Natural Grocers by Vitamin Cottage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Tuesday, May 27th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.08%. Natural Grocers by Vitamin Cottage's dividend payout ratio is currently 26.97%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in Natural Grocers by Vitamin Cottage in the fourth quarter worth approximately $27,000. McIlrath & Eck LLC boosted its position in shares of Natural Grocers by Vitamin Cottage by 86.2% during the 1st quarter. McIlrath & Eck LLC now owns 661 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 306 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Natural Grocers by Vitamin Cottage during the 4th quarter worth about $28,000. Human Investing LLC acquired a new position in shares of Natural Grocers by Vitamin Cottage during the 4th quarter worth about $40,000. Finally, CWM LLC boosted its position 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 acquiring an additional 809 shares in the last quarter. Hedge funds and other institutional investors own 31.99% of the company's stock.

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.