Natural Grocers by Vitamin Cottage (NYSE:NGVC) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.52 and traded as high as $27.56. Natural Grocers by Vitamin Cottage shares last traded at $27.45, with a volume of 85,920 shares traded.

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 note on Friday, August 9th.

Natural Grocers by Vitamin Cottage Trading Up 11.3 %

The firm's 50 day simple moving average is $27.31 and its 200-day simple moving average is $23.70. The company has a market capitalization of $696.46 million, a PE ratio of 22.64 and a beta of 1.23. 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 (NYSE:NGVC - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The specialty retailer reported $0.40 earnings per share for the quarter. The firm had revenue of $309.08 million during the quarter. Natural Grocers by Vitamin Cottage had a net margin of 2.54% and a return on equity of 18.89%. As a group, equities research analysts anticipate that Natural Grocers by Vitamin Cottage, Inc. will post 1.31 EPS for the current year.

Natural Grocers by Vitamin Cottage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, September 3rd. Natural Grocers by Vitamin Cottage's dividend payout ratio is presently 29.63%.

Institutional Trading of Natural Grocers by Vitamin Cottage

A number of hedge funds have recently made changes to their positions in NGVC. EntryPoint Capital LLC acquired a new stake in Natural Grocers by Vitamin Cottage during the 1st quarter valued at approximately $36,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Natural Grocers by Vitamin Cottage during the first quarter worth approximately $216,000. Privium Fund Management B.V. bought a new stake in shares of Natural Grocers by Vitamin Cottage in the third quarter worth $326,000. Inspire Investing LLC acquired a new stake in Natural Grocers by Vitamin Cottage in the second quarter valued at $353,000. Finally, Quadrature Capital Ltd boosted its stake in Natural Grocers by Vitamin Cottage by 45.1% during the 1st quarter. Quadrature Capital Ltd now owns 31,639 shares of the specialty retailer's stock valued at $570,000 after acquiring an additional 9,838 shares during the last quarter. Hedge funds and other institutional investors own 31.99% of the company's stock.

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.