Dimensional Fund Advisors LP Buys 78,900 Shares of Inventure Foods, Inc. (SNAK)
Dimensional Fund Advisors LP grew its stake in shares of Inventure Foods, Inc. (NASDAQ:SNAK) by 37.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 291,882 shares of the company’s stock after purchasing an additional 78,900 shares during the period. Dimensional Fund Advisors LP owned about 1.48% of Inventure Foods worth $1,258,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. LMR Partners LLP bought a new stake in Inventure Foods during the 2nd quarter worth approximately $285,000. Bank of America Corp DE boosted its stake in shares of Inventure Foods by 263.2% in the 1st quarter. Bank of America Corp DE now owns 83,907 shares of the company’s stock worth $371,000 after buying an additional 60,802 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Inventure Foods by 38.4% in the 2nd quarter. Royce & Associates LP now owns 1,285,020 shares of the company’s stock worth $5,538,000 after buying an additional 356,549 shares during the last quarter. Teton Advisors Inc. boosted its stake in shares of Inventure Foods by 6.9% in the 2nd quarter. Teton Advisors Inc. now owns 465,172 shares of the company’s stock worth $2,005,000 after buying an additional 30,000 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan purchased a new position in shares of Inventure Foods in the 2nd quarter worth approximately $216,000. 69.32% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on SNAK shares. ValuEngine upgraded Inventure Foods from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. William Blair restated a “market perform” rating on shares of Inventure Foods in a research note on Wednesday, November 1st.
Inventure Foods, Inc. (SNAK) opened at $4.00 on Friday. Inventure Foods, Inc. has a 12 month low of $2.96 and a 12 month high of $10.15.
Inventure Foods (NASDAQ:SNAK) last announced its earnings results on Tuesday, November 7th. The company reported ($0.24) earnings per share for the quarter. Inventure Foods had a negative return on equity of 162.36% and a negative net margin of 34.84%. The business had revenue of $27.43 million during the quarter, compared to analysts’ expectations of $52.10 million. During the same quarter in the previous year, the firm earned ($0.13) EPS. Inventure Foods’s quarterly revenue was down 4.1% on a year-over-year basis. equities analysts anticipate that Inventure Foods, Inc. will post -0.13 EPS for the current fiscal year.
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Inventure Foods Profile
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in the snack products segment. The snack products segment produces potato chips, kettle chips, potato crisps, potato skins, pellet snacks, sheeted dough products and extruded products for sale primarily to snack food distributors and retailers.
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