Coatue Management LLC Has $241,000 Position in Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC)

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Coatue Management LLC lessened its position in Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC) by 34.3% in the second quarter, Holdings Channel.com reports. The firm owned 16,205 shares of the specialty retailer’s stock after selling 8,465 shares during the quarter. Coatue Management LLC’s holdings in Natural Grocers by Vitamin Cottage were worth $241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NGVC. Citigroup Inc. increased its stake in shares of Natural Grocers by Vitamin Cottage by 32.4% in the first quarter. Citigroup Inc. now owns 5,911 shares of the specialty retailer’s stock valued at $50,000 after buying an additional 1,448 shares during the period. Bessemer Group Inc. acquired a new stake in shares of Natural Grocers by Vitamin Cottage in the second quarter valued at about $70,000. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of Natural Grocers by Vitamin Cottage in the second quarter valued at about $153,000. WINTON GROUP Ltd acquired a new stake in shares of Natural Grocers by Vitamin Cottage in the second quarter valued at about $158,000. Finally, Alliancebernstein L.P. increased its stake in shares of Natural Grocers by Vitamin Cottage by 21.3% in the first quarter. Alliancebernstein L.P. now owns 24,400 shares of the specialty retailer’s stock valued at $208,000 after buying an additional 4,287 shares during the period. 35.81% of the stock is owned by institutional investors and hedge funds.

Separately, TheStreet raised Natural Grocers by Vitamin Cottage from a “c+” rating to a “b+” rating in a research note on Friday, May 22nd.

NYSE NGVC traded down $0.15 during trading hours on Friday, hitting $10.76. 205,100 shares of the company’s stock were exchanged, compared to its average volume of 173,369. The stock has a 50-day simple moving average of $14.38 and a 200 day simple moving average of $11.82. Natural Grocers by Vitamin Cottage Inc has a 1-year low of $5.41 and a 1-year high of $17.39. The firm has a market cap of $242.36 million, a price-to-earnings ratio of 13.80 and a beta of 0.96. The company has a current ratio of 1.06, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last released its earnings results on Thursday, August 6th. The specialty retailer reported $0.21 EPS for the quarter, topping the consensus estimate of $0.09 by $0.12. Natural Grocers by Vitamin Cottage had a return on equity of 10.79% and a net margin of 1.76%. The business had revenue of $265.11 million during the quarter. On average, sell-side analysts anticipate that Natural Grocers by Vitamin Cottage Inc will post 0.81 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.28 annualized dividend and a yield of 2.60%. Natural Grocers by Vitamin Cottage’s dividend payout ratio is currently 66.67%.

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; bulk food products; private label products; 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.

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Institutional Ownership by Quarter for Natural Grocers by Vitamin Cottage (NYSE:NGVC)

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