Foundry Partners LLC Has $3.33 Million Stake in Suburban Propane Partners, L.P. (NYSE:SPH)

Foundry Partners LLC decreased its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 19.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 187,743 shares of the energy company’s stock after selling 45,881 shares during the period. Foundry Partners LLC owned 0.29% of Suburban Propane Partners worth $3,334,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. AdvisorNet Financial Inc boosted its stake in Suburban Propane Partners by 26.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 3,571 shares of the energy company’s stock valued at $57,000 after purchasing an additional 753 shares during the period. Raymond James & Associates boosted its stake in Suburban Propane Partners by 38.7% during the 3rd quarter. Raymond James & Associates now owns 81,199 shares of the energy company’s stock valued at $1,303,000 after purchasing an additional 22,673 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Suburban Propane Partners by 4.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 747,069 shares of the energy company’s stock worth $11,990,000 after acquiring an additional 30,062 shares during the period. Lincoln National Corp bought a new stake in shares of Suburban Propane Partners in the 3rd quarter worth approximately $183,000. Finally, Sigma Planning Corp lifted its position in shares of 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 period. Institutional investors and hedge funds own 30.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on SPH shares. StockNews.com downgraded Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Mizuho downgraded 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 report on Monday, January 29th.

Insider Activity at Suburban Propane Partners

In related news, SVP Neil Scanlon sold 26,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.33, for a total transaction of $502,580.00. Following the completion of the sale, the senior vice president now directly owns 162,129 shares of the company’s stock, valued at approximately $3,133,953.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

Suburban Propane Partners Price Performance

Suburban Propane Partners stock opened at $19.67 on Tuesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.72 and a quick ratio of 0.52. The company has a market capitalization of $1.26 billion, a PE ratio of 12.37 and a beta of 0.43. Suburban Propane Partners, L.P. has a one year low of $14.42 and a one year high of $22.33. The business has a 50 day simple moving average of $20.26 and a 200 day simple moving average of $18.56.

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

Suburban Propane Partners Announces Dividend

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

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.