First Eagle Investment Management LLC Has $1.74 Million Position in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC)

First Eagle Investment Management LLC reduced its position in shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) by 3.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 81,987 shares of the specialty retailer’s stock after selling 2,964 shares during the quarter. First Eagle Investment Management LLC’s holdings in Natural Grocers by Vitamin Cottage were worth $1,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NGVC. Bank of New York Mellon Corp boosted its position in Natural Grocers by Vitamin Cottage by 0.5% during 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 during the last quarter. EntryPoint Capital LLC acquired a new position in Natural Grocers by Vitamin Cottage during the first quarter valued at approximately $36,000. Janney Montgomery Scott LLC boosted its position in Natural Grocers by Vitamin Cottage by 9.1% during the first quarter. Janney Montgomery Scott LLC now owns 34,475 shares of the specialty retailer’s stock valued at $622,000 after purchasing an additional 2,868 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in Natural Grocers by Vitamin Cottage by 8.0% during the second quarter. Linden Thomas Advisory Services LLC now owns 40,628 shares of the specialty retailer’s stock valued at $861,000 after purchasing an additional 3,018 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Natural Grocers by Vitamin Cottage by 0.5% during the first quarter. Vanguard Group Inc. now owns 636,658 shares of the specialty retailer’s stock valued at $11,492,000 after purchasing an additional 3,375 shares during the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised Natural Grocers by Vitamin Cottage from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th.

Natural Grocers by Vitamin Cottage Stock Performance

Shares of NYSE NGVC opened at $28.31 on Friday. The stock has a 50 day moving average price of $25.62 and a 200 day moving average price of $21.39. Natural Grocers by Vitamin Cottage, Inc. has a 52 week low of $11.93 and a 52 week high of $30.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.18 and a current ratio of 0.96. The stock has a market capitalization of $645.24 million, a PE ratio of 22.47 and a beta of 1.21.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last released its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.40 earnings per share (EPS) for the quarter. Natural Grocers by Vitamin Cottage had a return on equity of 18.89% and a net margin of 2.54%. The company had revenue of $309.08 million during the quarter. Analysts predict that Natural Grocers by Vitamin Cottage, Inc. will post 1.31 earnings per share for the current fiscal year.

Natural Grocers by Vitamin Cottage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were given a $0.10 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. Natural Grocers by Vitamin Cottage’s payout ratio is 31.75%.

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.