Suburban Propane Partners, L.P. (NYSE:SPH) Short Interest Down 18.4% in February

Suburban Propane Partners, L.P. (NYSE:SPH) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 1,110,000 shares, a decrease of 18.4% from the February 13th total of 1,360,000 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average trading volume of 265,700 shares, the days-to-cover ratio is currently 4.2 days.

Suburban Propane Partners Trading Down 0.8 %

Shares of NYSE SPH traded down $0.18 during mid-day trading on Thursday, hitting $20.98. The company’s stock had a trading volume of 29,369 shares, compared to its average volume of 279,411. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 19.79 and a beta of 0.46. The company’s fifty day simple moving average is $20.50 and its 200-day simple moving average is $19.00. Suburban Propane Partners has a one year low of $15.20 and a one year high of $22.24.

Suburban Propane Partners (NYSE:SPH) last released its earnings results 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 quarter last year, the business posted $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 6.20%. The ex-dividend date was Tuesday, February 4th. Suburban Propane Partners’s payout ratio is 122.64%.

Insiders Place Their Bets

In other news, VP Michael A. Schueler sold 7,746 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 11,133 shares of the company’s stock, valued at $233,013.69. This represents a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Douglas Brinkworth sold 2,000 shares of Suburban Propane Partners stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total value of $41,000.00. Following the completion of the sale, the senior vice president now owns 159,355 shares of the company’s stock, valued at approximately $3,266,777.50. The trade was a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Suburban Propane Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Suburban Propane Partners by 1.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,404,228 shares of the energy company’s stock valued at $58,553,000 after acquiring an additional 33,560 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Suburban Propane Partners in the fourth quarter worth $24,340,000. JPMorgan Chase & Co. boosted its position in shares of Suburban Propane Partners by 6.2% during the fourth quarter. JPMorgan Chase & Co. now owns 684,155 shares of the energy company’s stock worth $11,767,000 after purchasing an additional 40,239 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Suburban Propane Partners in the 4th quarter valued at $3,474,000. Finally, Levin Capital Strategies L.P. increased its position in shares of Suburban Propane Partners by 10.3% in the 4th quarter. Levin Capital Strategies L.P. now owns 194,186 shares of the energy company’s stock valued at $3,340,000 after buying an additional 18,196 shares in the last quarter. Institutional investors own 30.94% of the company’s stock.

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.