Natural Grocers by Vitamin Cottage (NYSE:NGVC) Hits New 12-Month High – What’s Next?

Shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $47.57 and last traded at $47.32, with a volume of 4284 shares changing hands. The stock had previously closed at $46.57.

Analyst Ratings Changes

Separately, StockNews.com upgraded Natural Grocers by Vitamin Cottage from a “buy” rating to a “strong-buy” rating in a report on Friday, November 22nd.

Natural Grocers by Vitamin Cottage Stock Down 0.8 %

The company has a market capitalization of $1.05 billion, a P/E ratio of 31.22 and a beta of 1.23. The stock has a 50 day moving average price of $30.40 and a 200 day moving average price of $25.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.18 and a current ratio of 0.96.

Natural Grocers by Vitamin Cottage Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. 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 payout ratio is presently 27.03%.

Institutional Investors Weigh In On Natural Grocers by Vitamin Cottage

Large investors have recently modified their holdings of the stock. Virtus Investment Advisers Inc. bought a new position in Natural Grocers by Vitamin Cottage during the third quarter valued at $126,000. CreativeOne Wealth LLC bought a new position in shares of Natural Grocers by Vitamin Cottage during the 3rd quarter worth $202,000. Hancock Whitney Corp purchased a new stake in Natural Grocers by Vitamin Cottage in the 3rd quarter worth about $214,000. Privium Fund Management B.V. purchased a new stake in Natural Grocers by Vitamin Cottage in the 3rd quarter worth about $326,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in Natural Grocers by Vitamin Cottage in the 1st quarter valued at about $216,000. Hedge funds and other institutional investors own 31.99% of the company’s stock.

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.