Custom Index Systems LLC Purchases New Position in Suburban Propane Partners, L.P. (NYSE:SPH)

Custom Index Systems LLC purchased a new stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 94,546 shares of the energy company's stock, valued at approximately $1,679,000. Suburban Propane Partners makes up 1.0% of Custom Index Systems LLC's portfolio, making the stock its 18th biggest position. Custom Index Systems LLC owned 0.15% of Suburban Propane Partners at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Money Concepts Capital Corp increased its position in shares of Suburban Propane Partners by 391.1% in the fourth quarter. Money Concepts Capital Corp now owns 2,087 shares of the energy company's stock valued at $32,000 after buying an additional 1,662 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Suburban Propane Partners by 194.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,273 shares of the energy company's stock valued at $35,000 after buying an additional 1,500 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of Suburban Propane Partners by 26.7% in the third quarter. AdvisorNet Financial Inc now owns 3,571 shares of the energy company's stock valued at $57,000 after buying an additional 753 shares in the last quarter. Credit Suisse AG purchased a new stake in shares of Suburban Propane Partners in the second quarter valued at approximately $101,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Suburban Propane Partners in the fourth quarter valued at approximately $161,000. 30.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Suburban Propane Partners news, SVP Neil Scanlon sold 26,000 shares of the business's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.33, for a total transaction of $502,580.00. Following the transaction, the senior vice president now owns 162,129 shares of the company's stock, valued at $3,133,953.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is currently owned by corporate insiders.

Suburban Propane Partners Price Performance

Shares of SPH traded down $0.54 during trading hours on Wednesday, hitting $19.78. 167,317 shares of the stock were exchanged, compared to its average volume of 334,212. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.52 and a current ratio of 0.72. Suburban Propane Partners, L.P. has a 12-month low of $14.42 and a 12-month high of $22.33. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 12.44 and a beta of 0.43. The stock's 50-day moving average price is $20.36 and its two-hundred day moving average price is $18.33.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The energy company reported $0.38 EPS for the quarter. Suburban Propane Partners had a return on equity of 17.97% and a net margin of 7.36%. The firm had revenue of $365.83 million during the quarter.

Suburban Propane Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date was Monday, February 5th. Suburban Propane Partners's dividend payout ratio (DPR) is currently 81.76%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SPH shares. StockNews.com cut Suburban Propane Partners from a "buy" rating to a "hold" rating in a research report on Thursday, January 18th. Mizuho cut Suburban Propane Partners from a "neutral" rating to an "underperform" rating and boosted their price target for the stock from $16.00 to $17.00 in a research report on Monday, January 29th.

Suburban Propane Partners Profile

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.

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