Aristides Capital LLC Acquires 2,100 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Aristides Capital LLC increased its holdings in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 28,100 shares of the energy company’s stock after purchasing an additional 2,100 shares during the period. Aristides Capital LLC’s holdings in Suburban Propane Partners were worth $483,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cetera Trust Company N.A bought a new stake in shares of Suburban Propane Partners in the fourth quarter valued at approximately $28,000. Wingate Wealth Advisors Inc. bought a new stake in Suburban Propane Partners in the 4th quarter valued at $31,000. Duncker Streett & Co. Inc. acquired a new stake in Suburban Propane Partners in the 4th quarter worth $34,000. Vision Financial Markets LLC bought a new position in shares of Suburban Propane Partners during the 4th quarter worth about $34,000. Finally, Tandem Financial LLC acquired a new position in shares of Suburban Propane Partners during the fourth quarter valued at about $39,000. Institutional investors own 30.94% of the company’s stock.

Insider Activity

In other Suburban Propane Partners news, VP Michael A. Schueler sold 7,746 shares of Suburban Propane Partners 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Douglas Brinkworth sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 in the company, valued at approximately $3,266,777.50. This represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

Suburban Propane Partners Stock Down 7.3 %

SPH stock opened at $19.82 on Friday. Suburban Propane Partners, L.P. has a twelve month low of $15.20 and a twelve month high of $22.24. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 2.39. The company has a market cap of $1.28 billion, a PE ratio of 18.70 and a beta of 0.46. The business’s 50-day simple moving average is $20.96 and its 200 day simple moving average is $19.28.

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

Suburban Propane Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date was Tuesday, February 4th. Suburban Propane Partners’s payout ratio is 122.64%.

Suburban Propane Partners 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.