Ameriprise Financial Inc. Buys 28,394 Shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC)

Ameriprise Financial Inc. raised its position in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) by 19.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,814 shares of the specialty retailer’s stock after buying an additional 28,394 shares during the period. Ameriprise Financial Inc. owned approximately 0.77% of Natural Grocers by Vitamin Cottage worth $1,785,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NGVC. River Road Asset Management LLC increased its stake in Natural Grocers by Vitamin Cottage by 36.8% in the first quarter. River Road Asset Management LLC now owns 1,064,901 shares of the specialty retailer’s stock worth $11,064,000 after buying an additional 286,661 shares during the period. Rice Hall James & Associates LLC increased its stake in shares of Natural Grocers by Vitamin Cottage by 132.1% in the first quarter. Rice Hall James & Associates LLC now owns 265,027 shares of the specialty retailer’s stock valued at $2,754,000 after buying an additional 150,841 shares during the period. Granite Investment Partners LLC increased its stake in shares of Natural Grocers by Vitamin Cottage by 99.5% in the first quarter. Granite Investment Partners LLC now owns 287,361 shares of the specialty retailer’s stock valued at $2,985,000 after buying an additional 143,322 shares during the period. Two Sigma Investments LP increased its stake in shares of Natural Grocers by Vitamin Cottage by 259.2% in the fourth quarter. Two Sigma Investments LP now owns 100,408 shares of the specialty retailer’s stock valued at $1,194,000 after buying an additional 72,458 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Natural Grocers by Vitamin Cottage by 22.7% in the fourth quarter. Renaissance Technologies LLC now owns 362,300 shares of the specialty retailer’s stock valued at $4,308,000 after buying an additional 67,000 shares during the period. 33.03% of the stock is owned by hedge funds and other institutional investors.

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) traded up 0.84% on Tuesday, reaching $6.00. The company had a trading volume of 464,662 shares. The company has a market capitalization of $134.78 million, a price-to-earnings ratio of 14.63 and a beta of 0.88. Natural Grocers by Vitamin Cottage, Inc. has a 12 month low of $5.50 and a 12 month high of $13.79. The company’s 50 day moving average price is $8.17 and its 200-day moving average price is $10.30.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last issued its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.08. Natural Grocers by Vitamin Cottage had a net margin of 0.95% and a return on equity of 5.50%. The business had revenue of $194.70 million during the quarter, compared to the consensus estimate of $196.26 million. During the same quarter in the previous year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts predict that Natural Grocers by Vitamin Cottage, Inc. will post $0.32 earnings per share for the current fiscal year.

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A number of analysts have recently weighed in on the stock. Jefferies Group LLC reissued a “hold” rating and set a $12.00 price target on shares of Natural Grocers by Vitamin Cottage in a research report on Monday, May 1st. Zacks Investment Research cut Natural Grocers by Vitamin Cottage from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada restated a “hold” rating and set a $15.00 price objective on shares of Natural Grocers by Vitamin Cottage in a research note on Thursday, May 18th. Finally, Wolfe Research upgraded Natural Grocers by Vitamin Cottage from an “underperform” rating to a “market perform” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $11.60.

Natural Grocers by Vitamin Cottage Company Profile

Natural Grocers By Vitamin Cottage Inc (Natural Grocers) is a specialty retailer of natural and organic groceries and dietary supplements. The Company sells natural and organic groceries and dietary supplements. The Company’s grocery products include: bulk food and private label products, dry, frozen and canned groceries, meats and seafood, dairy products and dairy substitutes, prepared foods, bread and baked goods, and beverages.

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

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