Natural Grocers by Vitamin Cottage (NYSE:NGVC) Share Price Passes Above 200 Day Moving Average – Here’s Why

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.36 and traded as high as $37.97. Natural Grocers by Vitamin Cottage shares last traded at $37.45, with a volume of 104,112 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered 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 Price Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.15 and a current ratio of 0.96. The business has a 50 day simple moving average of $42.96 and a 200-day simple moving average of $36.36. The firm has a market cap of $858.67 million, a price-to-earnings ratio of 23.85 and a beta of 1.34.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its earnings results on Thursday, February 6th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter. Natural Grocers by Vitamin Cottage had a return on equity of 21.12% and a net margin of 2.84%. Equities research analysts expect 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors 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 dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, March 3rd. Natural Grocers by Vitamin Cottage’s payout ratio is currently 30.57%.

Institutional Investors Weigh In On Natural Grocers by Vitamin Cottage

A number of institutional investors have recently added to or reduced their stakes in NGVC. Golden State Wealth Management LLC bought a new position in shares of Natural Grocers by Vitamin Cottage during the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Natural Grocers by Vitamin Cottage during the fourth quarter valued at approximately $28,000. Human Investing LLC bought a new stake in Natural Grocers by Vitamin Cottage during the fourth quarter worth $40,000. Van ECK Associates Corp boosted its position in Natural Grocers by Vitamin Cottage by 33.3% in the fourth quarter. Van ECK Associates Corp now owns 2,301 shares of the specialty retailer’s stock worth $91,000 after purchasing an additional 575 shares during the last quarter. Finally, Virtus Investment Advisers Inc. bought a new position in Natural Grocers by Vitamin Cottage in the 3rd quarter valued at $126,000. 31.99% of the stock is 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.