Insider Selling: Suburban Propane Partners, L.P. (NYSE:SPH) SVP Sells 2,000 Shares of Stock

Suburban Propane Partners, L.P. (NYSE:SPH) SVP Douglas Brinkworth sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $20.50, for a total transaction of $41,000.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Suburban Propane Partners Stock Performance

Suburban Propane Partners stock traded down $0.22 during trading hours on Thursday, hitting $20.24. The company had a trading volume of 222,318 shares, compared to its average volume of 185,759. The firm has a 50-day moving average of $20.20 and a 200 day moving average of $18.90. Suburban Propane Partners, L.P. has a one year low of $15.20 and a one year high of $22.24. The firm has a market cap of $1.31 billion, a PE ratio of 19.09 and a beta of 0.46. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51.

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 last year, the business posted $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders 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 dividend yield of 6.42%. The ex-dividend date was Tuesday, February 4th. Suburban Propane Partners’s dividend payout ratio is currently 122.64%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Avantax Advisory Services Inc. raised its position in Suburban Propane Partners by 2.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,750 shares of the energy company’s stock worth $391,000 after acquiring an additional 480 shares during the period. Oppenheimer & Co. Inc. grew its stake in Suburban Propane Partners by 7.9% during the third quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock valued at $197,000 after acquiring an additional 800 shares in the last quarter. HM Payson & Co. grew its stake in Suburban Propane Partners by 10.9% in the 4th quarter. HM Payson & Co. now owns 12,200 shares of the energy company’s stock worth $210,000 after buying an additional 1,200 shares in the last quarter. NewEdge Advisors LLC grew its stake in Suburban Propane Partners by 45.9% in the 4th quarter. NewEdge Advisors LLC now owns 4,650 shares of the energy company’s stock worth $80,000 after buying an additional 1,462 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Suburban Propane Partners by 18.7% in the 4th quarter. Allworth Financial LP now owns 9,904 shares of the energy company’s stock worth $189,000 after buying an additional 1,557 shares in the last quarter. 30.94% of the stock is currently owned by institutional investors and hedge funds.

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.