Suburban Propane Partners (NYSE:SPH) Hits New 52-Week High – Time to Buy?

Suburban Propane Partners, L.P. (NYSE:SPH) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.55 and last traded at $21.45, with a volume of 158404 shares traded. The stock had previously closed at $21.13.

Suburban Propane Partners Trading Down 1.1 %

The company has a market capitalization of $1.39 billion, a PE ratio of 18.96 and a beta of 0.50. The firm’s 50 day simple moving average is $18.83 and its 200-day simple moving average is $18.34. The company has a quick ratio of 0.33, a current ratio of 0.51 and a debt-to-equity ratio of 2.21.

Suburban Propane Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th will be issued a dividend of $0.325 per share. The ex-dividend date is Tuesday, February 4th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.01%. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 114.04%.

Insider Activity

In other news, VP Craig Palleschi sold 2,800 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $17.72, for a total transaction of $49,616.00. Following the completion of the sale, the vice president now owns 21,898 shares in the company, valued at approximately $388,032.56. This represents a 11.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP A Davin Dambrosio sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total value of $122,850.00. Following the completion of the transaction, the vice president now directly owns 76,176 shares in the company, valued at $1,439,726.40. The trade was a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Suburban Propane Partners

A number of institutional investors and hedge funds have recently modified their holdings of SPH. Cetera Trust Company N.A bought a new position in Suburban Propane Partners in the fourth quarter valued at about $28,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Suburban Propane Partners in the fourth quarter valued at approximately $31,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Suburban Propane Partners in the fourth quarter valued at approximately $34,000. Tandem Financial LLC acquired a new position in Suburban Propane Partners during the fourth quarter worth $39,000. Finally, Independence Bank of Kentucky acquired a new position in Suburban Propane Partners during the fourth quarter worth $52,000. 30.94% of the stock is currently owned by institutional investors.

About Suburban Propane Partners

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.