Natural Grocers by Vitamin Cottage (NYSE:NGVC) Shares Gap Up After Dividend Announcement

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) shares gapped up before the market opened on Friday after the company announced a dividend. The stock had previously closed at $36.25, but opened at $38.23. Natural Grocers by Vitamin Cottage shares last traded at $41.19, with a volume of 82,448 shares traded.

The newly announced dividend which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from Natural Grocers by Vitamin Cottage’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, December 2nd. Natural Grocers by Vitamin Cottage’s dividend payout ratio is presently 27.03%.

Wall Street Analyst Weigh In

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

Natural Grocers by Vitamin Cottage Trading Up 25.8 %

The business has a fifty day moving average of $29.36 and a 200-day moving average of $25.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.18 and a current ratio of 0.96. The company has a market capitalization of $1.04 billion, a P/E ratio of 30.81 and a beta of 1.23.

Hedge Funds Weigh In On Natural Grocers by Vitamin Cottage

A number of large investors have recently modified their holdings of NGVC. Linden Thomas Advisory Services LLC lifted its stake in Natural Grocers by Vitamin Cottage by 8.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 40,628 shares of the specialty retailer’s stock valued at $861,000 after acquiring an additional 3,018 shares in the last quarter. Vanguard Group Inc. lifted its stake in Natural Grocers by Vitamin Cottage by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 636,658 shares of the specialty retailer’s stock valued at $11,492,000 after acquiring an additional 3,375 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Natural Grocers by Vitamin Cottage by 3.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 36,781 shares of the specialty retailer’s stock valued at $1,092,000 after acquiring an additional 1,150 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in Natural Grocers by Vitamin Cottage by 14.4% during the 2nd quarter. Panagora Asset Management Inc. now owns 57,533 shares of the specialty retailer’s stock valued at $1,220,000 after acquiring an additional 7,254 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new position in Natural Grocers by Vitamin Cottage during the 1st quarter valued at $216,000. 31.99% of the stock is currently owned by institutional investors.

Natural Grocers by Vitamin Cottage Company 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.