Natural Grocers by Vitamin Cottage (NYSE:NGVC) Trading Down 4.1% – Here’s Why

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) was down 4.1% during mid-day trading on Monday . The company traded as low as $39.64 and last traded at $39.77. Approximately 23,125 shares changed hands during trading, a decline of 64% from the average daily volume of 63,628 shares. The stock had previously closed at $41.45.

Wall Street Analyst Weigh In

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

Natural Grocers by Vitamin Cottage Stock Down 0.7 %

The firm has a market capitalization of $943.27 million, a PE ratio of 27.82 and a beta of 1.44. The stock has a 50-day simple moving average of $38.32 and a 200-day simple moving average of $29.82. The company has a quick ratio of 0.18, a current ratio of 0.96 and a debt-to-equity ratio of 0.36.

Natural Grocers by Vitamin Cottage Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 1.17%. This is a positive change from Natural Grocers by Vitamin Cottage’s previous quarterly dividend of $0.10. Natural Grocers by Vitamin Cottage’s payout ratio is 32.43%.

Insider Buying and Selling at Natural Grocers by Vitamin Cottage

In other Natural Grocers by Vitamin Cottage news, insider Lark Isely sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.66, for a total value of $178,640.00. Following the sale, the insider now directly owns 8,682 shares in the company, valued at $387,738.12. This represents a 31.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Charity Isely sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $43.73, for a total transaction of $87,460.00. Following the transaction, the insider now owns 12,290 shares of the company’s stock, valued at $537,441.70. This trade represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 59.40% of the company’s stock.

Institutional Trading of Natural Grocers by Vitamin Cottage

Several institutional investors and hedge funds have recently modified their holdings of NGVC. Virtus Investment Advisers Inc. bought a new position in shares of Natural Grocers by Vitamin Cottage in the third quarter worth approximately $126,000. CreativeOne Wealth LLC bought a new position in shares of Natural Grocers by Vitamin Cottage in the 3rd quarter worth $202,000. Hancock Whitney Corp purchased a new stake in shares of Natural Grocers by Vitamin Cottage during the 3rd quarter valued at $214,000. Privium Fund Management B.V. bought a new stake in shares of Natural Grocers by Vitamin Cottage during the 3rd quarter worth $326,000. Finally, Inspire Investing LLC bought a new stake in shares of Natural Grocers by Vitamin Cottage during the 2nd quarter worth $353,000. Hedge funds and other institutional investors own 31.99% of the company’s stock.

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.