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

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.98 and traded as high as $26.78. Natural Grocers by Vitamin Cottage shares last traded at $26.72, with a volume of 58,034 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Natural Grocers by Vitamin Cottage from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th.

Natural Grocers by Vitamin Cottage Trading Down 0.4 %

The firm has a market cap of $605.76 million, a PE ratio of 19.69 and a beta of 1.21. The firm has a fifty day simple moving average of $26.90 and a two-hundred day simple moving average of $23.05. The company has a current ratio of 0.96, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last issued its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.40 earnings per share (EPS) for the quarter. Natural Grocers by Vitamin Cottage had a net margin of 2.54% and a return on equity of 18.89%. The business had revenue of $309.08 million for the quarter. Equities analysts forecast that Natural Grocers by Vitamin Cottage, Inc. will post 1.31 EPS for the current year.

Natural Grocers by Vitamin Cottage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, September 3rd. Natural Grocers by Vitamin Cottage’s dividend payout ratio (DPR) is presently 29.63%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NGVC. EntryPoint Capital LLC bought a new position in Natural Grocers by Vitamin Cottage during the 1st quarter valued at about $36,000. State Board of Administration of Florida Retirement System bought a new position in Natural Grocers by Vitamin Cottage during the first quarter valued at approximately $216,000. Inspire Investing LLC purchased a new stake in Natural Grocers by Vitamin Cottage during the 2nd quarter valued at $353,000. Quadrature Capital Ltd lifted its holdings in shares of Natural Grocers by Vitamin Cottage by 45.1% during the 1st quarter. Quadrature Capital Ltd now owns 31,639 shares of the specialty retailer’s stock valued at $570,000 after buying an additional 9,838 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in shares of Natural Grocers by Vitamin Cottage by 21.0% in the 2nd quarter. Ritholtz Wealth Management now owns 28,655 shares of the specialty retailer’s stock worth $607,000 after buying an additional 4,980 shares during the last quarter. 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.