Short Interest in Suburban Propane Partners, L.P. (NYSE:SPH) Decreases By 17.1%

Suburban Propane Partners, L.P. (NYSE:SPH - Get Free Report) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 1,360,000 shares, a decline of 17.1% from the January 31st total of 1,640,000 shares. Currently, 2.2% of the company's stock are sold short. Based on an average daily trading volume, of 258,500 shares, the short-interest ratio is presently 5.3 days.

Insider Activity at Suburban Propane Partners

In other Suburban Propane Partners news, VP Michael A. Schueler sold 7,746 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total transaction of $162,123.78. Following the completion of the sale, the vice president now directly owns 11,133 shares of the company's stock, valued at approximately $233,013.69. The trade was a 41.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Suburban Propane Partners

Several institutional investors have recently modified their holdings of the business. Avantax Advisory Services Inc. grew its holdings in shares of Suburban Propane Partners by 2.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,750 shares of the energy company's stock valued at $391,000 after acquiring an additional 480 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings 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 valued at $197,000 after acquiring an additional 800 shares in the last quarter. HM Payson & Co. grew its holdings in shares of Suburban Propane Partners by 10.9% in the fourth quarter. HM Payson & Co. now owns 12,200 shares of the energy company's stock valued at $210,000 after acquiring an additional 1,200 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Suburban Propane Partners by 45.9% in the fourth quarter. NewEdge Advisors LLC now owns 4,650 shares of the energy company's stock valued at $80,000 after acquiring an additional 1,462 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Suburban Propane Partners by 18.7% in the fourth quarter. Allworth Financial LP now owns 9,904 shares of the energy company's stock valued at $189,000 after acquiring an additional 1,557 shares in the last quarter. 30.94% of the stock is owned by institutional investors.

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Suburban Propane Partners Stock Up 0.5 %

SPH traded up $0.11 during midday trading on Friday, reaching $20.14. 241,315 shares of the company were exchanged, compared to its average volume of 288,582. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.51 and a current ratio of 0.70. The company's fifty day moving average price is $20.01 and its 200 day moving average price is $18.86. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 19.00 and a beta of 0.46. Suburban Propane Partners has a one year low of $15.20 and a one year high of $22.24.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The energy company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same period in the prior year, the business earned $0.38 EPS.

Suburban Propane Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 6.46%. The ex-dividend date of this dividend was Tuesday, February 4th. Suburban Propane Partners's dividend payout ratio is presently 122.64%.

Suburban Propane Partners Company 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.