Advantus Capital Management Inc lifted its holdings in shares of Sprague Resources LP (NYSE:SRLP) by 41.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,340 shares of the oil and gas company’s stock after purchasing an additional 18,200 shares during the quarter. Advantus Capital Management Inc owned 276,574.98% of Sprague Resources worth $1,534,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Beaton Management Co. Inc. acquired a new stake in shares of Sprague Resources during the second quarter worth about $314,000. Susquehanna International Group LLP acquired a new stake in shares of Sprague Resources during the second quarter worth about $265,000. Friedberg Investment Management raised its position in shares of Sprague Resources by 597.3% during the second quarter. Friedberg Investment Management now owns 57,879 shares of the oil and gas company’s stock worth $1,632,000 after purchasing an additional 49,579 shares during the period. Virtu KCG Holdings LLC acquired a new stake in shares of Sprague Resources during the second quarter worth about $255,000. Finally, California Public Employees Retirement System raised its position in shares of Sprague Resources by 3.0% during the second quarter. California Public Employees Retirement System now owns 44,300 shares of the oil and gas company’s stock worth $1,249,000 after purchasing an additional 1,300 shares during the period. 23.06% of the stock is currently owned by institutional investors.
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SRLP has been the topic of a number of research analyst reports. BidaskClub lowered Sprague Resources from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded Sprague Resources from a “sell” rating to a “hold” rating in a report on Friday, July 28th.
Sprague Resources LP (NYSE SRLP) opened at $25.35 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $571.72, a PE ratio of 14.16 and a beta of 1.40. Sprague Resources LP has a fifty-two week low of $22.50 and a fifty-two week high of $30.75.
Sprague Resources (NYSE:SRLP) last posted its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported ($0.39) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.40). The firm had revenue of $513.63 million for the quarter, compared to the consensus estimate of $529.66 million. Sprague Resources had a return on equity of 24.89% and a net margin of 1.50%. analysts anticipate that Sprague Resources LP will post 3.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Monday, November 6th will be issued a dividend of $0.6225 per share. The ex-dividend date is Friday, November 3rd. This is an increase from Sprague Resources’s previous quarterly dividend of $0.61. This represents a $2.49 dividend on an annualized basis and a dividend yield of 9.82%. Sprague Resources’s dividend payout ratio (DPR) is presently 139.11%.
Sprague Resources Company Profile
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