Tandem Financial LLC Makes New $39,000 Investment in Suburban Propane Partners, L.P. (NYSE:SPH)

Tandem Financial LLC acquired a new position in Suburban Propane Partners, L.P. (NYSE:SPH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,274 shares of the energy company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Suburban Propane Partners by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company’s stock worth $11,552,000 after acquiring an additional 155,360 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Suburban Propane Partners by 3.8% in the third quarter. Janney Montgomery Scott LLC now owns 50,029 shares of the energy company’s stock valued at $898,000 after purchasing an additional 1,818 shares during the last quarter. Simplicity Wealth LLC grew its position in Suburban Propane Partners by 4.2% during the 3rd quarter. Simplicity Wealth LLC now owns 22,963 shares of the energy company’s stock worth $412,000 after purchasing an additional 936 shares during the period. Greenup Street Wealth Management LLC raised its stake in shares of Suburban Propane Partners by 8.1% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 22,425 shares of the energy company’s stock valued at $402,000 after buying an additional 1,675 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of Suburban Propane Partners in the 3rd quarter valued at about $270,000. Institutional investors and hedge funds own 30.94% of the company’s stock.

Insiders Place Their Bets

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

Suburban Propane Partners Price Performance

Shares of NYSE SPH opened at $20.72 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.51 and a quick ratio of 0.33. Suburban Propane Partners, L.P. has a 12 month low of $15.20 and a 12 month high of $21.89. The firm’s 50 day simple moving average is $18.86 and its 200-day simple moving average is $18.36. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 18.17 and a beta of 0.50.

Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 12.64% and a net margin of 5.59%. During the same quarter in the previous year, the business earned $0.38 earnings per share.

Suburban Propane Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th will be paid a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 6.27%. The ex-dividend date is Tuesday, February 4th. Suburban Propane Partners’s payout ratio is 114.04%.

Suburban Propane Partners Company Profile

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.