Natural Grocers by Vitamin Cottage (NYSE:NGVC) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) from a buy rating to a strong-buy rating in a report issued on Friday morning.

Natural Grocers by Vitamin Cottage Price Performance

NGVC stock opened at $45.57 on Friday. The business’s fifty day moving average price is $29.03 and its 200 day moving average price is $25.04. Natural Grocers by Vitamin Cottage has a 12-month low of $14.31 and a 12-month high of $45.61. 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 capitalization of $1.04 billion, a PE ratio of 30.79 and a beta of 1.23.

Natural Grocers by Vitamin Cottage Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Natural Grocers by Vitamin Cottage’s previous quarterly dividend of $0.10. Natural Grocers by Vitamin Cottage’s dividend payout ratio is currently 27.03%.

Hedge Funds Weigh In On Natural Grocers by Vitamin Cottage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC purchased a new position in Natural Grocers by Vitamin Cottage in the first quarter valued at $36,000. Virtus Investment Advisers Inc. purchased a new stake in shares of Natural Grocers by Vitamin Cottage during the third quarter worth approximately $126,000. CreativeOne Wealth LLC acquired a new stake in shares of Natural Grocers by Vitamin Cottage in the 3rd quarter valued at $202,000. Hancock Whitney Corp acquired a new stake in Natural Grocers by Vitamin Cottage in the third quarter valued at $214,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in Natural Grocers by Vitamin Cottage during the 1st quarter worth 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.