Natural Grocers by Vitamin Cottage (NYSE:NGVC) Hits New 52-Week High – Here’s Why

Shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) hit a new 52-week high during trading on Tuesday . The company traded as high as $34.76 and last traded at $34.65, with a volume of 78091 shares traded. The stock had previously closed at $33.89.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Natural Grocers by Vitamin Cottage from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th.

Natural Grocers by Vitamin Cottage Stock Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.96 and a quick ratio of 0.18. The business has a 50-day moving average of $27.88 and a two-hundred day moving average of $24.19. The company has a market cap of $779.10 million, a P/E ratio of 25.50 and a beta of 1.23.

Hedge Funds Weigh In On Natural Grocers by Vitamin Cottage

A number of large investors have recently modified their holdings of NGVC. Kingsview Wealth Management LLC acquired a new stake in shares of Natural Grocers by Vitamin Cottage during the third quarter worth approximately $421,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Natural Grocers by Vitamin Cottage by 36.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,802 shares of the specialty retailer’s stock valued at $796,000 after buying an additional 7,210 shares during the period. Segall Bryant & Hamill LLC acquired a new position in Natural Grocers by Vitamin Cottage in the 3rd quarter valued at approximately $361,000. Privium Fund Management B.V. acquired a new stake in shares of Natural Grocers by Vitamin Cottage in the 3rd quarter valued at about $326,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Natural Grocers by Vitamin Cottage by 3.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 36,781 shares of the specialty retailer’s stock valued at $1,092,000 after purchasing an additional 1,150 shares during the last quarter. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

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.