Kingsview Wealth Management LLC Takes Position in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC)

Kingsview Wealth Management LLC purchased a new position in shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 14,188 shares of the specialty retailer’s stock, valued at approximately $421,000.

A number of other institutional investors have also recently bought and sold shares of NGVC. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Natural Grocers by Vitamin Cottage by 36.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,802 shares of the specialty retailer’s stock worth $796,000 after acquiring an additional 7,210 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Natural Grocers by Vitamin Cottage during the 3rd quarter valued at $361,000. Privium Fund Management B.V. bought a new position in Natural Grocers by Vitamin Cottage during the third quarter worth $326,000. Janney Montgomery Scott LLC increased its holdings in shares of Natural Grocers by Vitamin Cottage by 3.2% in the third quarter. Janney Montgomery Scott LLC now owns 36,781 shares of the specialty retailer’s stock valued at $1,092,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Natural Grocers by Vitamin Cottage by 49.3% in the second quarter. Marshall Wace LLP now owns 43,437 shares of the specialty retailer’s stock valued at $921,000 after purchasing an additional 14,338 shares during the period. Institutional investors and hedge funds own 31.99% of the company’s stock.

Natural Grocers by Vitamin Cottage Price Performance

Natural Grocers by Vitamin Cottage stock opened at $46.21 on Friday. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 31.22 and a beta of 1.23. The company has a current ratio of 0.96, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36. Natural Grocers by Vitamin Cottage, Inc. has a 12 month low of $14.31 and a 12 month high of $47.56. The stock’s 50 day moving average is $30.40 and its 200-day moving average is $25.87.

Natural Grocers by Vitamin Cottage Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. This is a positive change from Natural Grocers by Vitamin Cottage’s previous quarterly dividend of $0.10. The ex-dividend date is Monday, December 2nd. Natural Grocers by Vitamin Cottage’s dividend payout ratio is currently 27.03%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Natural Grocers by Vitamin Cottage from a “buy” rating to a “strong-buy” rating in a report on Friday, November 22nd.

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.