Connor Clark & Lunn Investment Management Ltd. Grows Stock Position in Natural Grocers by Vitamin Cottage, Inc. $NGVC

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) by 95.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,613 shares of the specialty retailer’s stock after purchasing an additional 28,156 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Natural Grocers by Vitamin Cottage were worth $2,261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NGVC. McIlrath & Eck LLC increased its holdings in Natural Grocers by Vitamin Cottage by 86.2% during the first quarter. McIlrath & Eck LLC now owns 661 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 306 shares during the last quarter. CWM LLC increased its stake in shares of Natural Grocers by Vitamin Cottage by 167.8% in the 1st quarter. CWM LLC now owns 1,291 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 809 shares in the last quarter. State of Wyoming bought a new position in Natural Grocers by Vitamin Cottage in the 1st quarter worth $57,000. KLP Kapitalforvaltning AS bought a new position in Natural Grocers by Vitamin Cottage in the 1st quarter worth $72,000. Finally, Quantbot Technologies LP purchased a new position in Natural Grocers by Vitamin Cottage during the first quarter valued at $83,000. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Natural Grocers by Vitamin Cottage Stock Up 1.5%

Shares of NGVC opened at $32.30 on Friday. The business’s 50 day moving average is $36.98 and its 200 day moving average is $40.66. The company has a current ratio of 1.02, a quick ratio of 0.21 and a debt-to-equity ratio of 0.21. Natural Grocers by Vitamin Cottage, Inc. has a 12-month low of $30.55 and a 12-month high of $61.22. The company has a market capitalization of $741.31 million, a PE ratio of 17.18 and a beta of 1.57.

Insider Transactions at Natural Grocers by Vitamin Cottage

In other news, insider Lark Isely sold 2,000 shares of Natural Grocers by Vitamin Cottage stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the sale, the insider owned 4,682 shares in the company, valued at $187,280. This trade represents a 29.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 58.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on NGVC. Weiss Ratings restated a “hold (c+)” rating on shares of Natural Grocers by Vitamin Cottage in a research report on Wednesday, October 8th. Wall Street Zen upgraded Natural Grocers by Vitamin Cottage from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Northcoast Research set a $54.00 target price on shares of Natural Grocers by Vitamin Cottage and gave the stock a “buy” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

About Natural Grocers by Vitamin Cottage

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.