Suburban Propane Partners, L.P. (NYSE:SPH) SVP Sells $41,000.00 in Stock

Suburban Propane Partners, L.P. (NYSE:SPH) SVP Douglas Brinkworth sold 2,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total transaction of $41,000.00. Following the transaction, the senior vice president now directly owns 159,355 shares of the company’s stock, valued at $3,266,777.50. This represents a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Suburban Propane Partners Trading Up 1.2 %

NYSE SPH opened at $20.35 on Friday. The stock has a market capitalization of $1.31 billion, a P/E ratio of 19.20 and a beta of 0.46. Suburban Propane Partners, L.P. has a 52-week low of $15.20 and a 52-week high of $22.24. The firm has a 50-day moving average price of $20.30 and a 200 day moving average price of $18.93. 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 posted its quarterly earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 earned $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were issued a $0.325 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $1.30 dividend on an annualized basis and a yield of 6.39%. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 122.64%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Trust Company N.A purchased a new position in Suburban Propane Partners in the fourth quarter valued at about $28,000. Wingate Wealth Advisors Inc. purchased a new position in Suburban Propane Partners in the fourth quarter valued at about $31,000. Duncker Streett & Co. Inc. purchased a new position in Suburban Propane Partners in the fourth quarter valued at about $34,000. Vision Financial Markets LLC purchased a new position in Suburban Propane Partners in the fourth quarter valued at about $34,000. Finally, Tandem Financial LLC purchased a new position in Suburban Propane Partners in the fourth quarter valued at about $39,000. 30.94% of the stock is owned by hedge funds and other institutional investors.

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.