Aristides Capital LLC Purchases 2,100 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Aristides Capital LLC increased its holdings in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 8.1% during the fourth quarter, Holdings Channel reports. The fund owned 28,100 shares of the energy company’s stock after purchasing an additional 2,100 shares during the period. Aristides Capital LLC’s holdings in Suburban Propane Partners were worth $483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cetera Trust Company N.A bought a new stake in shares of Suburban Propane Partners during the fourth quarter worth $28,000. Wingate Wealth Advisors Inc. bought a new stake in Suburban Propane Partners during the 4th quarter worth about $31,000. Duncker Streett & Co. Inc. acquired a new stake in Suburban Propane Partners in the 4th quarter valued at about $34,000. Vision Financial Markets LLC bought a new position in shares of Suburban Propane Partners in the fourth quarter worth about $34,000. Finally, Tandem Financial LLC acquired a new position in shares of Suburban Propane Partners during the fourth quarter worth approximately $39,000. 30.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Suburban Propane Partners

In other news, SVP Douglas Brinkworth sold 2,000 shares of the business’s 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 completion of the transaction, the senior vice president now directly owns 159,355 shares in the company, valued at approximately $3,266,777.50. The trade was a 1.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael A. Schueler sold 7,746 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total transaction of $162,123.78. Following the completion of the sale, the vice president now owns 11,133 shares in the company, valued at $233,013.69. This represents a 41.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Suburban Propane Partners Stock Performance

Shares of Suburban Propane Partners stock opened at $19.82 on Friday. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a 50 day simple moving average of $20.96 and a 200 day simple moving average of $19.28. Suburban Propane Partners, L.P. has a fifty-two week low of $15.20 and a fifty-two week high of $22.24. The firm has a market cap of $1.28 billion, a P/E ratio of 18.70 and a beta of 0.46.

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

Suburban Propane Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 6.56%. The ex-dividend date was Tuesday, February 4th. Suburban Propane Partners’s dividend payout ratio is presently 122.64%.

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.