Natural Grocers by Vitamin Cottage (NYSE:NGVC) Stock Price Down 5.2% – Should You Sell?

Shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) dropped 5.2% on Tuesday . The stock traded as low as $44.32 and last traded at $44.52. Approximately 48,705 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 76,089 shares. The stock had previously closed at $46.98.

Wall Street Analyst Weigh In

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

Natural Grocers by Vitamin Cottage Price Performance

The stock has a market cap of $1.05 billion, a PE ratio of 31.22 and a beta of 1.23. The business’s 50-day simple moving average is $30.06 and its 200-day simple moving average is $25.73. The company has a quick ratio of 0.18, a current ratio of 0.96 and a debt-to-equity ratio of 0.36.

Natural Grocers by Vitamin Cottage Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.12 per share. This is a positive change from Natural Grocers by Vitamin Cottage’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. Natural Grocers by Vitamin Cottage’s dividend payout ratio is presently 27.03%.

Institutional Investors Weigh In On Natural Grocers by Vitamin Cottage

A number of large investors have recently made changes to their positions in NGVC. Segall Bryant & Hamill LLC purchased a new position in Natural Grocers by Vitamin Cottage during the 3rd quarter valued at $361,000. Linden Thomas Advisory Services LLC increased its position in shares of 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 buying an additional 3,018 shares during the period. Vanguard Group Inc. raised its stake in Natural Grocers by Vitamin Cottage by 0.5% in the first quarter. Vanguard Group Inc. now owns 636,658 shares of the specialty retailer’s stock worth $11,492,000 after buying an additional 3,375 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in 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 buying an additional 1,150 shares during the period. Finally, Panagora Asset Management Inc. lifted its holdings in Natural Grocers by Vitamin Cottage by 14.4% in the second quarter. Panagora Asset Management Inc. now owns 57,533 shares of the specialty retailer’s stock worth $1,220,000 after buying an additional 7,254 shares during the period. 31.99% of the stock is currently owned by institutional investors.

About Natural Grocers by Vitamin Cottage

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.