OppenheimerFunds Inc. acquired a new stake in Inventure Foods, Inc. (NASDAQ:SNAK) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 51,675 shares of the company’s stock, valued at approximately $228,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of SNAK. State Street Corp increased its position in Inventure Foods by 4.4% in the fourth quarter. State Street Corp now owns 240,723 shares of the company’s stock valued at $2,375,000 after buying an additional 10,208 shares during the period. New Jersey Better Educational Savings Trust boosted its stake in Inventure Foods by 3.8% in the first quarter. New Jersey Better Educational Savings Trust now owns 110,000 shares of the company’s stock valued at $486,000 after buying an additional 4,000 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Inventure Foods by 29.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,600,000 shares of the company’s stock valued at $7,072,000 after buying an additional 360,000 shares in the last quarter. Bourgeon Capital Management LLC acquired a new stake in Inventure Foods during the first quarter valued at about $133,000. Finally, Thompson Investment Management Inc. boosted its stake in Inventure Foods by 181.2% in the first quarter. Thompson Investment Management Inc. now owns 145,100 shares of the company’s stock valued at $641,000 after buying an additional 93,500 shares in the last quarter. 83.23% of the stock is currently owned by hedge funds and other institutional investors.
Inventure Foods, Inc. (SNAK) opened at 3.88 on Wednesday. Inventure Foods, Inc. has a one year low of $3.31 and a one year high of $10.15. The stock has a 50 day moving average price of $4.12 and a 200-day moving average price of $4.81. The stock’s market cap is $76.39 million.
Inventure Foods (NASDAQ:SNAK) last posted its quarterly earnings results on Thursday, May 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.05. The company had revenue of $49.60 million during the quarter, compared to analysts’ expectations of $70.10 million. Inventure Foods had a negative net margin of 17.43% and a negative return on equity of 27.58%. Inventure Foods’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. Equities research analysts expect that Inventure Foods, Inc. will post ($0.14) earnings per share for the current fiscal year.
Several analysts recently issued reports on the company. ValuEngine upgraded Inventure Foods from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research upgraded Inventure Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.
Inventure Foods Company Profile
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers.
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