Inspire Investing LLC Makes New $353,000 Investment in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC)

Inspire Investing LLC purchased a new stake in shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,642 shares of the specialty retailer’s stock, valued at approximately $353,000. Inspire Investing LLC owned approximately 0.07% of Natural Grocers by Vitamin Cottage at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in Natural Grocers by Vitamin Cottage in the 1st quarter valued at approximately $36,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Natural Grocers by Vitamin Cottage during the first quarter worth $216,000. Quadrature Capital Ltd bought a new stake in shares of Natural Grocers by Vitamin Cottage in the fourth quarter worth $349,000. Janney Montgomery Scott LLC increased its holdings in Natural Grocers by Vitamin Cottage by 11.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 31,607 shares of the specialty retailer’s stock valued at $506,000 after purchasing an additional 3,311 shares during the period. Finally, Ritholtz Wealth Management raised its position in Natural Grocers by Vitamin Cottage by 21.0% during the 2nd quarter. Ritholtz Wealth Management now owns 28,655 shares of the specialty retailer’s stock worth $607,000 after purchasing an additional 4,980 shares during the last quarter. 31.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Natural Grocers by Vitamin Cottage from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th.

Natural Grocers by Vitamin Cottage Stock Performance

Shares of NGVC stock opened at $28.31 on Monday. The stock has a market capitalization of $645.24 million, a PE ratio of 22.47 and a beta of 1.21. The business’s 50 day simple moving average is $25.62 and its 200 day simple moving average is $21.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.96 and a quick ratio of 0.18. Natural Grocers by Vitamin Cottage, Inc. has a one year low of $11.93 and a one year high of $30.32.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last posted its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.40 EPS for the quarter. Natural Grocers by Vitamin Cottage had a net margin of 2.54% and a return on equity of 18.89%. The company had revenue of $309.08 million for the quarter. As a group, research analysts forecast that Natural Grocers by Vitamin Cottage, Inc. will post 1.31 earnings per share for the current year.

Natural Grocers by Vitamin Cottage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. Natural Grocers by Vitamin Cottage’s payout ratio is currently 31.75%.

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.