Advantus Capital Management Inc boosted its stake in Sprague Resources LP (NYSE:SRLP) by 41.2% during the third quarter, according to its most recent 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 period. Advantus Capital Management Inc owned about 276,574.98% of Sprague Resources worth $1,534,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Creative Planning raised its stake in Sprague Resources by 81.8% during the second quarter. Creative Planning now owns 4,570 shares of the oil and gas company’s stock valued at $129,000 after buying an additional 2,056 shares during the last quarter. Virtu KCG Holdings LLC bought a new position in Sprague Resources during the second quarter valued at approximately $255,000. Susquehanna International Group LLP bought a new position in Sprague Resources during the second quarter valued at approximately $265,000. Fort Washington Investment Advisors Inc. OH grew its stake in Sprague Resources by 12.8% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 10,194 shares of the oil and gas company’s stock worth $287,000 after purchasing an additional 1,158 shares in the last quarter. Finally, Beaton Management Co. Inc. bought a new position in Sprague Resources in the second quarter worth approximately $314,000. 21.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sprague Resources LP (NYSE SRLP) traded down $0.20 during trading on Tuesday, reaching $24.80. 13,800 shares of the company’s stock were exchanged, compared to its average volume of 39,395. Sprague Resources LP has a 12 month low of $22.50 and a 12 month high of $30.75. The stock has a market capitalization of $563.82, a PE ratio of 13.97 and a beta of 1.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.16 and a current ratio of 2.35.
The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were paid a dividend of $0.6225 per share. This is an increase from Sprague Resources’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.49 annualized dividend and a yield of 10.04%. Sprague Resources’s payout ratio is 139.11%.
SRLP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Sprague Resources from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub cut Sprague Resources from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd.
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About Sprague Resources
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