Natural Grocers by Vitamin Cottage (NYSE:NGVC) Trading Up 5.2% - Here's What Happened

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC - Get Free Report) was up 5.2% during mid-day trading on Monday . The company traded as high as $43.39 and last traded at $43.42. Approximately 111,009 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 134,166 shares. The stock had previously closed at $41.28.

Natural Grocers by Vitamin Cottage Price Performance

The stock has a 50 day moving average price of $47.63 and a two-hundred day moving average price of $43.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.97 and a quick ratio of 0.23. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 24.66 and a beta of 1.52.

Natural Grocers by Vitamin Cottage (NYSE:NGVC - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The specialty retailer reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.14. The business had revenue of $335.77 million for the quarter, compared to analyst estimates of $329.66 million. Natural Grocers by Vitamin Cottage had a net margin of 3.18% and a return on equity of 23.27%. As a group, analysts expect that Natural Grocers by Vitamin Cottage, Inc. will post 1.61 EPS for the current year.

Natural Grocers by Vitamin Cottage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Tuesday, May 27th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.09%. The ex-dividend date was Tuesday, May 27th. Natural Grocers by Vitamin Cottage's payout ratio is 26.97%.

Insider Buying and Selling

In other Natural Grocers by Vitamin Cottage news, insider Lark Isely sold 2,000 shares of Natural Grocers by Vitamin Cottage stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $44.26, for a total value of $88,520.00. Following the transaction, the insider now directly owns 6,682 shares in the company, valued at approximately $295,745.32. This trade represents a 23.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 58.80% of the stock is owned by company insiders.

Institutional Trading of Natural Grocers by Vitamin Cottage

A number of institutional investors have recently modified their holdings of NGVC. Vanguard Group Inc. boosted its stake in shares of Natural Grocers by Vitamin Cottage by 9.8% during the 1st quarter. Vanguard Group Inc. now owns 757,084 shares of the specialty retailer's stock worth $30,435,000 after acquiring an additional 67,793 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Natural Grocers by Vitamin Cottage by 5.5% in the 4th quarter. Renaissance Technologies LLC now owns 592,709 shares of the specialty retailer's stock valued at $23,542,000 after buying an additional 30,691 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in Natural Grocers by Vitamin Cottage by 24.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 497,268 shares of the specialty retailer's stock valued at $19,990,000 after buying an additional 96,678 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Natural Grocers by Vitamin Cottage by 5.0% in the first quarter. American Century Companies Inc. now owns 466,810 shares of the specialty retailer's stock worth $18,766,000 after acquiring an additional 22,214 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Natural Grocers by Vitamin Cottage during the first quarter worth about $14,006,000. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

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.

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