Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) insider Elizabeth Isely acquired 5,993 shares of Natural Grocers by Vitamin Cottage stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $6.39 per share, with a total value of $38,295.27. Following the purchase, the insider now owns 1,269,306 shares of the company’s stock, valued at approximately $8,110,865.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE NGVC) traded up 0.17% during midday trading on Thursday, hitting $6.02. 17,697 shares of the stock were exchanged. The company has a market capitalization of $135.05 million, a P/E ratio of 18.99 and a beta of 0.88. The firm has a 50-day moving average of $7.65 and a 200-day moving average of $9.86. Natural Grocers by Vitamin Cottage, Inc. has a 1-year low of $5.50 and a 1-year high of $13.79.
Natural Grocers by Vitamin Cottage (NYSE:NGVC) last posted its earnings results on Thursday, August 3rd. The specialty retailer reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $0.08. Natural Grocers by Vitamin Cottage had a net margin of 0.95% and a return on equity of 5.50%. The business had revenue of $194.70 million during the quarter, compared to analysts’ expectations of $196.26 million. During the same period last year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Natural Grocers by Vitamin Cottage, Inc. will post $0.30 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/08/17/insider-buying-natural-grocers-by-vitamin-cottage-inc-ngvc-insider-acquires-38295-27-in-stock.html.
Several hedge funds and other institutional investors have recently bought and sold shares of NGVC. Royce & Associates LP raised its position in Natural Grocers by Vitamin Cottage by 14.8% in the first quarter. Royce & Associates LP now owns 655,648 shares of the specialty retailer’s stock worth $6,812,000 after buying an additional 84,648 shares during the period. Alambic Investment Management L.P. acquired a new position in Natural Grocers by Vitamin Cottage during the first quarter worth $480,000. Ameriprise Financial Inc. raised its position in Natural Grocers by Vitamin Cottage by 19.8% in the first quarter. Ameriprise Financial Inc. now owns 171,814 shares of the specialty retailer’s stock worth $1,785,000 after buying an additional 28,394 shares during the period. Bank of New York Mellon Corp raised its position in Natural Grocers by Vitamin Cottage by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 81,434 shares of the specialty retailer’s stock worth $846,000 after buying an additional 3,382 shares during the period. Finally, Wells Fargo & Company MN raised its position in Natural Grocers by Vitamin Cottage by 102.5% in the first quarter. Wells Fargo & Company MN now owns 13,086 shares of the specialty retailer’s stock worth $136,000 after buying an additional 6,623 shares during the period. 31.24% of the stock is owned by hedge funds and other institutional investors.
NGVC has been the subject of a number of research reports. Jefferies Group LLC reissued a “hold” rating and issued a $12.00 price target on shares of Natural Grocers by Vitamin Cottage in a research note on Monday, May 1st. Zacks Investment Research cut shares of Natural Grocers by Vitamin Cottage from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $15.00 price target on shares of Natural Grocers by Vitamin Cottage in a research note on Thursday, May 18th. Wolfe Research raised shares of Natural Grocers by Vitamin Cottage from an “underperform” rating to a “market perform” rating in a research note on Monday, August 7th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $8.00 price target (down previously from $12.00) on shares of Natural Grocers by Vitamin Cottage in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.92.
Natural Grocers by Vitamin Cottage Company Profile
Natural Grocers By Vitamin Cottage Inc (Natural Grocers) is a specialty retailer of natural and organic groceries and dietary supplements. The Company sells natural and organic groceries and dietary supplements. The Company’s grocery products include: bulk food and private label products, dry, frozen and canned groceries, meats and seafood, dairy products and dairy substitutes, prepared foods, bread and baked goods, and beverages.
Receive News & Ratings for Natural Grocers by Vitamin Cottage Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Grocers by Vitamin Cottage Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
