Acadian Asset Management LLC Buys 74,963 Shares of Natural Grocers by Vitamin Cottage Inc (NGVC)

Acadian Asset Management LLC grew its stake in shares of Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC) by 83.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,500 shares of the specialty retailer’s stock after purchasing an additional 74,963 shares during the quarter. Acadian Asset Management LLC’s holdings in Natural Grocers by Vitamin Cottage were worth $2,777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Quadrant L P CA acquired a new position in shares of Natural Grocers by Vitamin Cottage during the third quarter worth about $105,000. Citadel Advisors LLC acquired a new position in shares of Natural Grocers by Vitamin Cottage during the second quarter worth about $168,000. Engineers Gate Manager LP acquired a new position in shares of Natural Grocers by Vitamin Cottage during the second quarter worth about $228,000. Mackay Shields LLC acquired a new position in shares of Natural Grocers by Vitamin Cottage during the second quarter worth about $231,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Natural Grocers by Vitamin Cottage by 57.5% during the third quarter. Russell Investments Group Ltd. now owns 18,117 shares of the specialty retailer’s stock worth $304,000 after purchasing an additional 6,617 shares in the last quarter. Institutional investors own 34.64% of the company’s stock.

NYSE:NGVC opened at $17.24 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.20 and a current ratio of 1.47. Natural Grocers by Vitamin Cottage Inc has a one year low of $4.83 and a one year high of $19.98. The stock has a market capitalization of $382.88 million, a P/E ratio of 55.61 and a beta of 1.11.

A number of brokerages have commented on NGVC. Barclays upgraded Natural Grocers by Vitamin Cottage from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, August 8th. Citigroup boosted their price target on Natural Grocers by Vitamin Cottage from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Natural Grocers by Vitamin Cottage from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, August 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $18.00 price target on shares of Natural Grocers by Vitamin Cottage in a research note on Friday, August 3rd. Finally, Wolfe Research cut Natural Grocers by Vitamin Cottage from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $15.75.

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Natural Grocers by Vitamin Cottage Profile

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; bulk food and private label products; 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.

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Institutional Ownership by Quarter for Natural Grocers by Vitamin Cottage (NYSE:NGVC)

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