Bank of New York Mellon Corp Decreases Stake in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC)

Bank of New York Mellon Corp cut its holdings in shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) by 34.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,138 shares of the specialty retailer’s stock after selling 62,947 shares during the quarter. Bank of New York Mellon Corp’s holdings in Natural Grocers by Vitamin Cottage were worth $4,732,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Natural Grocers by Vitamin Cottage during the 4th quarter worth about $27,000. Human Investing LLC purchased a new position in Natural Grocers by Vitamin Cottage during the fourth quarter worth about $40,000. Van ECK Associates Corp increased its position in shares of Natural Grocers by Vitamin Cottage by 33.3% during the fourth quarter. Van ECK Associates Corp now owns 2,301 shares of the specialty retailer’s stock valued at $91,000 after acquiring an additional 575 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new stake in shares of Natural Grocers by Vitamin Cottage in the 3rd quarter valued at approximately $126,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of Natural Grocers by Vitamin Cottage in the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Natural Grocers by Vitamin Cottage from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 13th.

Natural Grocers by Vitamin Cottage Stock Up 3.3 %

Shares of Natural Grocers by Vitamin Cottage stock opened at $37.83 on Tuesday. The company has a market cap of $867.48 million, a P/E ratio of 24.10 and a beta of 1.34. The firm has a fifty day moving average of $42.65 and a two-hundred day moving average of $36.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.15 and a current ratio of 0.96. Natural Grocers by Vitamin Cottage, Inc. has a one year low of $15.82 and a one year high of $50.91.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last posted its quarterly earnings results on Thursday, February 6th. The specialty retailer reported $0.43 earnings per share for the quarter. Natural Grocers by Vitamin Cottage had a net margin of 2.84% and a return on equity of 21.12%. On average, analysts forecast that Natural Grocers by Vitamin Cottage, Inc. will post 1.61 earnings per share for the current year.

Natural Grocers by Vitamin Cottage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Monday, March 3rd. Natural Grocers by Vitamin Cottage’s payout ratio is currently 30.57%.

Natural Grocers by Vitamin Cottage Profile

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.