Natural Grocers by Vitamin Cottage (NYSE:NGVC) Reaches New 12-Month High – Here’s Why

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $34.76 and last traded at $34.65, with a volume of 78091 shares. The stock had previously closed at $33.89.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Natural Grocers by Vitamin Cottage from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 6th.

Natural Grocers by Vitamin Cottage Trading Up 0.9 %

The company has a fifty day simple moving average of $27.88 and a two-hundred day simple moving average of $24.19. The company has a current ratio of 0.96, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36. The company has a market cap of $779.10 million, a PE ratio of 25.50 and a beta of 1.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kingsview Wealth Management LLC acquired a new position in Natural Grocers by Vitamin Cottage in the 3rd quarter worth approximately $421,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Natural Grocers by Vitamin Cottage by 36.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,802 shares of the specialty retailer’s stock valued at $796,000 after purchasing an additional 7,210 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Natural Grocers by Vitamin Cottage in the third quarter worth $361,000. Privium Fund Management B.V. bought a new stake in shares of Natural Grocers by Vitamin Cottage in the third quarter valued at about $326,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of 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 worth $1,092,000 after buying an additional 1,150 shares in the last quarter. 31.99% of the stock is owned by institutional investors.

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.