Northwest Natural Holding (NYSE:NWN) Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC cut its stake in shares of Northwest Natural Holding (NYSE:NWN - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 126,618 shares of the utilities provider's stock after selling 14,909 shares during the period. Penn Capital Management Company LLC owned approximately 0.32% of Northwest Natural worth $5,009,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NWN. Capital Advisors Ltd. LLC lifted its holdings in shares of Northwest Natural by 11,111.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider's stock worth $40,000 after purchasing an additional 1,000 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Northwest Natural during the third quarter worth about $61,000. KBC Group NV lifted its position in Northwest Natural by 74.1% in the fourth quarter. KBC Group NV now owns 2,054 shares of the utilities provider's stock valued at $81,000 after purchasing an additional 874 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Northwest Natural by 32.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,830 shares of the utilities provider's stock valued at $112,000 after purchasing an additional 694 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Northwest Natural by 13.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,906 shares of the utilities provider's stock worth $115,000 after purchasing an additional 345 shares during the period. 75.13% of the stock is owned by institutional investors and hedge funds.

Northwest Natural Price Performance

Shares of Northwest Natural stock traded up $0.06 during trading on Tuesday, reaching $43.82. The company's stock had a trading volume of 72,953 shares, compared to its average volume of 254,768. The business has a 50 day moving average price of $41.89 and a 200-day moving average price of $41.08. Northwest Natural Holding has a 12-month low of $34.82 and a 12-month high of $44.38. The company has a market capitalization of $1.77 billion, a P/E ratio of 20.67 and a beta of 0.56. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15.

Northwest Natural (NYSE:NWN - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.42 by ($0.01). Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The company had revenue of $370.90 million during the quarter, compared to analysts' expectations of $395.05 million. During the same quarter in the prior year, the business earned $1.21 EPS. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Northwest Natural Holding will post 2.33 EPS for the current year.

Northwest Natural Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date is Wednesday, April 30th. Northwest Natural's dividend payout ratio is currently 96.55%.

Insider Buying and Selling at Northwest Natural

In related news, Director David Hugo Anderson sold 7,500 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $43.00, for a total value of $322,500.00. Following the completion of the transaction, the director now owns 109,882 shares of the company's stock, valued at approximately $4,724,926. The trade was a 6.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David A. Weber sold 2,183 shares of Northwest Natural stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $42.46, for a total transaction of $92,690.18. Following the sale, the vice president now owns 255 shares of the company's stock, valued at approximately $10,827.30. This trade represents a 89.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,192 shares of company stock worth $1,054,793. 0.84% of the stock is owned by corporate insiders.

About Northwest Natural

Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States. The company operates a mist gas storage facility contracted to other utilities, third-party marketers, and electric generators; offers natural gas asset management services; and operates an appliance retail center.