Ballentine Partners LLC Buys Shares of 25,061 Sendas Distribuidora S.A. (NYSE:ASAI)

Ballentine Partners LLC purchased a new stake in Sendas Distribuidora S.A. (NYSE:ASAI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 25,061 shares of the company’s stock, valued at approximately $112,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ASAI. Blue Trust Inc. grew its stake in Sendas Distribuidora by 145.6% in the third quarter. Blue Trust Inc. now owns 3,716 shares of the company’s stock valued at $26,000 after purchasing an additional 2,203 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Sendas Distribuidora by 186.4% during the 3rd quarter. Signaturefd LLC now owns 10,091 shares of the company’s stock worth $69,000 after acquiring an additional 6,567 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Sendas Distribuidora during the 3rd quarter worth $77,000. AQR Capital Management LLC grew its holdings in shares of Sendas Distribuidora by 44.4% during the 2nd quarter. AQR Capital Management LLC now owns 19,738 shares of the company’s stock valued at $184,000 after purchasing an additional 6,068 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Sendas Distribuidora during the second quarter worth $212,000. Institutional investors and hedge funds own 8.76% of the company’s stock.

Sendas Distribuidora Stock Performance

Sendas Distribuidora stock opened at $4.68 on Monday. The company has a market capitalization of $1.27 billion, a P/E ratio of 10.17, a P/E/G ratio of 0.44 and a beta of 0.95. The business has a 50 day moving average of $5.03 and a 200-day moving average of $6.85. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.43. Sendas Distribuidora S.A. has a 1 year low of $4.05 and a 1 year high of $15.25.

Sendas Distribuidora Cuts Dividend

The business also recently announced a — dividend, which will be paid on Friday, March 7th. Investors of record on Friday, January 10th will be issued a $0.0488 dividend. The ex-dividend date of this dividend is Friday, January 10th. Sendas Distribuidora’s payout ratio is presently 8.70%.

Sendas Distribuidora Profile

Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. The company serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.