Foundry Partners LLC Decreases Position in Suburban Propane Partners, L.P. (NYSE:SPH)

Foundry Partners LLC lessened its holdings in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,743 shares of the energy company’s stock after selling 45,881 shares during the period. Foundry Partners LLC’s holdings in Suburban Propane Partners were worth $3,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SPH. AdvisorNet Financial Inc raised its stake in Suburban Propane Partners by 26.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 3,571 shares of the energy company’s stock worth $57,000 after acquiring an additional 753 shares during the last quarter. Archer Investment Corp raised its stake in Suburban Propane Partners by 57.2% in the 3rd quarter. Archer Investment Corp now owns 11,000 shares of the energy company’s stock worth $177,000 after acquiring an additional 4,003 shares during the last quarter. Spirit of America Management Corp NY purchased a new position in Suburban Propane Partners in the 4th quarter worth $178,000. Lincoln National Corp purchased a new position in Suburban Propane Partners in the 3rd quarter worth $183,000. Finally, Sigma Planning Corp raised its stake in Suburban Propane Partners by 3.4% in the 3rd quarter. Sigma Planning Corp now owns 18,609 shares of the energy company’s stock worth $299,000 after acquiring an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 30.94% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Neil Scanlon sold 26,000 shares of Suburban Propane Partners stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $19.33, for a total transaction of $502,580.00. Following the sale, the senior vice president now owns 162,129 shares of the company’s stock, valued at approximately $3,133,953.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.10% of the company’s stock.

Suburban Propane Partners Price Performance

Shares of SPH opened at $19.67 on Tuesday. Suburban Propane Partners, L.P. has a fifty-two week low of $14.42 and a fifty-two week high of $22.33. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.52 and a current ratio of 0.72. The company has a market capitalization of $1.26 billion, a P/E ratio of 12.37 and a beta of 0.43. The business’s 50-day moving average is $20.26 and its two-hundred day moving average is $18.56.

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

Suburban Propane Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date was Monday, February 5th. Suburban Propane Partners’s dividend payout ratio (DPR) is 81.76%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SPH. Mizuho lowered Suburban Propane Partners from a “neutral” rating to an “underperform” rating and raised their target price for the stock from $16.00 to $17.00 in a research note on Monday, January 29th. StockNews.com downgraded Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report 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.