Suburban Propane Partners, L.P. (NYSE:SPH) Short Interest Update

Suburban Propane Partners, L.P. (NYSE:SPH) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 1,660,000 shares, a decrease of 14.4% from the March 31st total of 1,940,000 shares. Based on an average daily volume of 328,500 shares, the short-interest ratio is currently 5.1 days. Approximately 2.7% of the company’s shares are short sold.

Insider Buying and Selling at Suburban Propane Partners

In related news, SVP Neil Scanlon sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $19.33, for a total value of $502,580.00. Following the sale, the senior vice president now directly owns 162,129 shares of the company’s stock, valued at $3,133,953.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Suburban Propane Partners

A number of institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in Suburban Propane Partners by 12.6% in the 1st quarter. Private Advisor Group LLC now owns 61,549 shares of the energy company’s stock worth $1,257,000 after buying an additional 6,910 shares in the last quarter. Virtu Financial LLC lifted its holdings in Suburban Propane Partners by 132.1% in the 4th quarter. Virtu Financial LLC now owns 34,196 shares of the energy company’s stock worth $607,000 after buying an additional 19,461 shares in the last quarter. Blackstone Inc. lifted its holdings in Suburban Propane Partners by 27.1% in the 4th quarter. Blackstone Inc. now owns 328,281 shares of the energy company’s stock worth $5,830,000 after buying an additional 70,000 shares in the last quarter. UBS Group AG lifted its holdings in Suburban Propane Partners by 428.9% in the 4th quarter. UBS Group AG now owns 390,200 shares of the energy company’s stock worth $6,930,000 after buying an additional 316,430 shares in the last quarter. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Suburban Propane Partners in the 4th quarter valued at about $318,000. Institutional investors and hedge funds own 30.94% of the company’s stock.

Suburban Propane Partners Stock Down 3.1 %

Shares of NYSE SPH opened at $19.56 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $1.25 billion, a PE ratio of 12.30 and a beta of 0.43. The firm has a fifty day moving average of $20.28 and a 200-day moving average of $18.70. Suburban Propane Partners has a 52-week low of $14.42 and a 52-week high of $22.33.

Suburban Propane Partners (NYSE:SPH) last posted its earnings results on Thursday, February 8th. The energy company reported $0.38 earnings per share for the quarter. The business had revenue of $365.83 million for the quarter. Suburban Propane Partners had a net margin of 7.36% and a return on equity of 17.97%.

Suburban Propane Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be issued a dividend of $0.325 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.30 annualized dividend and a dividend yield of 6.65%. Suburban Propane Partners’s payout ratio is 81.76%.

Analyst Upgrades and Downgrades

SPH has been the subject of several research reports. Mizuho cut shares of Suburban Propane Partners from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $16.00 to $17.00 in a research note on Monday, January 29th. StockNews.com cut shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th.

Suburban Propane Partners Company 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.