State of New Jersey Common Pension Fund D maintained its position in shares of Inventure Foods, Inc. (NASDAQ:SNAK) during the second quarter, Holdings Channel reports. The institutional investor owned 1,600,000 shares of the company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D owned 0.08% of Inventure Foods worth $6,896,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in SNAK. KCG Holdings Inc. raised its position in shares of Inventure Foods by 116.3% in the first quarter. KCG Holdings Inc. now owns 26,093 shares of the company’s stock worth $115,000 after buying an additional 14,032 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Inventure Foods by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 212,982 shares of the company’s stock worth $941,000 after buying an additional 9,300 shares during the last quarter. Royce & Associates LP raised its position in shares of Inventure Foods by 19.3% in the first quarter. Royce & Associates LP now owns 928,471 shares of the company’s stock worth $4,104,000 after buying an additional 150,000 shares during the last quarter. OppenheimerFunds Inc. purchased a new position in shares of Inventure Foods during the first quarter worth approximately $228,000. Finally, Symons Capital Management Inc. purchased a new position in shares of Inventure Foods during the first quarter worth approximately $168,000. 81.75% of the stock is owned by institutional investors.
Shares of Inventure Foods, Inc. (NASDAQ:SNAK) opened at 3.32 on Friday. The stock has a 50 day moving average price of $3.78 and a 200 day moving average price of $4.47. Inventure Foods, Inc. has a 1-year low of $2.96 and a 1-year high of $10.15. The company’s market capitalization is $65.54 million.
Inventure Foods (NASDAQ:SNAK) last released its quarterly earnings data on Thursday, May 11th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.05. Inventure Foods had a negative net margin of 19.06% and a negative return on equity of 32.41%. The business had revenue of $49.60 million during the quarter, compared to analyst estimates of $70.10 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s revenue was down 13.3% on a year-over-year basis. On average, equities analysts anticipate that Inventure Foods, Inc. will post ($0.13) EPS for the current fiscal year.
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A number of brokerages recently commented on SNAK. ValuEngine raised Inventure Foods from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Inventure Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th.
About Inventure Foods
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers.
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