Greenup Street Wealth Management LLC Sells 719 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Greenup Street Wealth Management LLC reduced its position in Suburban Propane Partners, L.P. (NYSE:SPH) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,706 shares of the energy company’s stock after selling 719 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in Suburban Propane Partners were worth $373,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its stake in Suburban Propane Partners by 7.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock worth $197,000 after purchasing an additional 800 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Suburban Propane Partners by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company’s stock worth $11,552,000 after purchasing an additional 155,360 shares during the period. Captrust Financial Advisors purchased a new stake in shares of Suburban Propane Partners in the third quarter worth $270,000. Simplicity Wealth LLC boosted its stake in Suburban Propane Partners by 4.2% during the third quarter. Simplicity Wealth LLC now owns 22,963 shares of the energy company’s stock valued at $412,000 after buying an additional 936 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Suburban Propane Partners during the second quarter worth about $193,000. Hedge funds and other institutional investors own 30.94% of the company’s stock.

Suburban Propane Partners Stock Performance

NYSE:SPH opened at $19.80 on Tuesday. The stock has a market cap of $1.28 billion, a P/E ratio of 17.37 and a beta of 0.48. The company has a quick ratio of 0.33, a current ratio of 0.51 and a debt-to-equity ratio of 2.21. The business’s 50-day moving average price is $18.48 and its two-hundred day moving average price is $18.24. Suburban Propane Partners, L.P. has a twelve month low of $15.20 and a twelve month high of $21.55.

Suburban Propane Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th will be given a dividend of $0.325 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $1.30 annualized dividend and a yield of 6.56%. Suburban Propane Partners’s payout ratio is presently 114.04%.

Insiders Place Their Bets

In other Suburban Propane Partners news, VP A Davin Dambrosio sold 6,500 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 76,176 shares in the company, valued at $1,439,726.40. This trade represents a 7.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Craig Palleschi sold 2,800 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.72, for a total transaction of $49,616.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

About Suburban Propane Partners

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.