Suburban Propane Partners, L.P. (NYSE:SPH) Sees Significant Decline in Short Interest

Suburban Propane Partners, L.P. (NYSE:SPH) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 1,360,000 shares, a drop of 17.1% from the January 31st total of 1,640,000 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 258,500 shares, the short-interest ratio is presently 5.3 days.

Suburban Propane Partners Trading Up 1.1 %

Shares of NYSE:SPH traded up $0.22 on Friday, hitting $20.25. The company had a trading volume of 129,082 shares, compared to its average volume of 285,607. Suburban Propane Partners has a 1 year low of $15.20 and a 1 year high of $22.24. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 19.14 and a beta of 0.51. The firm’s 50-day simple moving average is $19.96 and its two-hundred day simple moving average is $18.83. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 2.39.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings data on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same quarter in the previous year, the firm posted $0.38 earnings per share.

Suburban Propane Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend was Tuesday, February 4th. Suburban Propane Partners’s dividend payout ratio is currently 122.64%.

Insider Activity at Suburban Propane Partners

In other Suburban Propane Partners news, VP Michael A. Schueler sold 7,746 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total value of $162,123.78. Following the completion of the sale, the vice president now owns 11,133 shares in the company, valued at approximately $233,013.69. The trade was a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.

Institutional Trading of Suburban Propane Partners

A number of hedge funds have recently bought and sold shares of SPH. Wood Tarver Financial Group LLC purchased a new position in Suburban Propane Partners during the fourth quarter valued at $120,000. Vivaldi Capital Management LP purchased a new position in shares of Suburban Propane Partners during the 4th quarter valued at about $176,000. Tidal Investments LLC bought a new position in shares of Suburban Propane Partners during the 4th quarter valued at approximately $212,000. State of Wyoming increased its holdings in Suburban Propane Partners by 17.6% in the 4th quarter. State of Wyoming now owns 14,166 shares of the energy company’s stock worth $244,000 after acquiring an additional 2,122 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Suburban Propane Partners by 1.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,404,228 shares of the energy company’s stock worth $58,553,000 after acquiring an additional 33,560 shares during the period. Hedge funds and other institutional investors own 30.94% of the company’s stock.

About Suburban Propane Partners

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.