Spirit of America Management Corp NY Has $138,000 Position in Suburban Propane Partners, L.P. (NYSE:SPH)

Spirit of America Management Corp NY cut its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 20.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,000 shares of the energy company’s stock after selling 2,000 shares during the period. Spirit of America Management Corp NY’s holdings in Suburban Propane Partners were worth $138,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its stake in shares of Suburban Propane Partners by 7.9% in the third quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock worth $197,000 after acquiring an additional 800 shares during the last quarter. Simplicity Wealth LLC grew its stake in Suburban Propane Partners by 4.2% in the third quarter. Simplicity Wealth LLC now owns 22,963 shares of the energy company’s stock valued at $412,000 after purchasing an additional 936 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in Suburban Propane Partners by 12.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 14,662 shares of the energy company’s stock worth $252,000 after purchasing an additional 1,601 shares during the last quarter. Cetera Trust Company N.A purchased a new stake in shares of Suburban Propane Partners during the 4th quarter worth about $28,000. Finally, Greenup Street Wealth Management LLC lifted its holdings in shares of Suburban Propane Partners by 8.1% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 22,425 shares of the energy company’s stock valued at $402,000 after buying an additional 1,675 shares during the last quarter. Institutional investors and hedge funds own 30.94% of the company’s stock.

Insider Transactions at Suburban Propane Partners

In other Suburban Propane Partners news, VP A Davin Dambrosio sold 6,500 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total transaction of $122,850.00. Following the completion of the transaction, the vice president now owns 76,176 shares of the company’s stock, valued at $1,439,726.40. The trade was a 7.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Craig Palleschi sold 2,800 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.72, for a total value of $49,616.00. Following the completion of the sale, the vice president now directly owns 21,898 shares in the company, valued at approximately $388,032.56. This represents a 11.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

Suburban Propane Partners Trading Down 1.1 %

Shares of NYSE SPH opened at $21.61 on Thursday. The business has a 50 day simple moving average of $18.83 and a 200 day simple moving average of $18.34. Suburban Propane Partners, L.P. has a 52 week low of $15.20 and a 52 week high of $21.89. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 18.96 and a beta of 0.50. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.33 and a current ratio of 0.51.

Suburban Propane Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th will be given a $0.325 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.01%. Suburban Propane Partners’s dividend payout ratio is currently 114.04%.

Suburban Propane Partners Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.