Connor Clark & Lunn Investment Management Ltd. Boosts Holdings in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC)

Connor Clark & Lunn Investment Management Ltd. increased its position in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) by 36.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,802 shares of the specialty retailer’s stock after purchasing an additional 7,210 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.12% of Natural Grocers by Vitamin Cottage worth $796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NGVC. Bank of New York Mellon Corp boosted its position in Natural Grocers by Vitamin Cottage by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 178,328 shares of the specialty retailer’s stock valued at $3,781,000 after buying an additional 937 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Natural Grocers by Vitamin Cottage by 3.2% in the third quarter. Janney Montgomery Scott LLC now owns 36,781 shares of the specialty retailer’s stock worth $1,092,000 after acquiring an additional 1,150 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in Natural Grocers by Vitamin Cottage by 8.0% in 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. Vanguard Group Inc. grew its stake in Natural Grocers by Vitamin Cottage by 0.5% during the 1st 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 in the last quarter. Finally, Ritholtz Wealth Management increased its holdings in Natural Grocers by Vitamin Cottage by 21.0% during the 2nd quarter. Ritholtz Wealth Management now owns 28,655 shares of the specialty retailer’s stock worth $607,000 after purchasing an additional 4,980 shares during the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

Natural Grocers by Vitamin Cottage Price Performance

Shares of NGVC stock opened at $46.21 on Friday. The firm has a fifty day moving average of $30.40 and a two-hundred day moving average of $25.87. The firm has a market cap of $1.05 billion, a P/E ratio of 31.22 and a beta of 1.23. Natural Grocers by Vitamin Cottage, Inc. has a 1-year low of $14.31 and a 1-year high of $47.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.96 and a quick ratio of 0.18.

Natural Grocers by Vitamin Cottage Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be issued a $0.12 dividend. This is a positive change from Natural Grocers by Vitamin Cottage’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Monday, December 2nd. Natural Grocers by Vitamin Cottage’s payout ratio is currently 27.03%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Natural Grocers by Vitamin Cottage from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 22nd.

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.