Natural Grocers by Vitamin Cottage (NYSE:NGVC) Sees Strong Trading Volume – Time to Buy?

Shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) saw unusually-strong trading volume on Monday . Approximately 31,327 shares changed hands during trading, a decline of 58% from the previous session’s volume of 75,223 shares.The stock last traded at $43.86 and had previously closed at $45.60.

Analyst Upgrades and Downgrades

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

Natural Grocers by Vitamin Cottage Trading Down 0.9 %

The company has a quick ratio of 0.18, a current ratio of 0.96 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.06 billion, a P/E ratio of 31.47 and a beta of 1.23. The business has a 50-day moving average price of $30.06 and a two-hundred day moving average price of $25.73.

Natural Grocers by Vitamin Cottage Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, December 2nd. This is an increase from Natural Grocers by Vitamin Cottage’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. Natural Grocers by Vitamin Cottage’s dividend payout ratio is presently 27.03%.

Institutional Investors Weigh In On Natural Grocers by Vitamin Cottage

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its stake in Natural Grocers by Vitamin Cottage by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 178,328 shares of the specialty retailer’s stock valued at $3,781,000 after purchasing an additional 937 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Natural Grocers by Vitamin Cottage by 3.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 36,781 shares of the specialty retailer’s stock valued at $1,092,000 after buying an additional 1,150 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Natural Grocers by Vitamin Cottage in the 1st quarter valued at $36,000. State Street Corp raised its stake in Natural Grocers by Vitamin Cottage by 1.0% during the 3rd quarter. State Street Corp now owns 193,350 shares of the specialty retailer’s stock worth $5,741,000 after buying an additional 1,983 shares during the period. Finally, Martingale Asset Management L P lifted its holdings in Natural Grocers by Vitamin Cottage by 24.3% during the third quarter. Martingale Asset Management L P now owns 13,312 shares of the specialty retailer’s stock worth $395,000 after acquiring an additional 2,600 shares in the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

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.