SunOpta Inc. (NASDAQ:STKL) Shares Bought by Portolan Capital Management LLC

Portolan Capital Management LLC increased its stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,255,931 shares of the company’s stock after purchasing an additional 71,967 shares during the period. Portolan Capital Management LLC’s holdings in SunOpta were worth $8,013,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. bought a new stake in shares of SunOpta in the 2nd quarter worth approximately $42,000. US Bancorp DE lifted its holdings in shares of SunOpta by 139.3% in the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company’s stock worth $52,000 after purchasing an additional 4,772 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of SunOpta in the 2nd quarter worth approximately $60,000. MQS Management LLC bought a new stake in shares of SunOpta in the 2nd quarter worth approximately $63,000. Finally, Tealwood Asset Management Inc. bought a new stake in shares of SunOpta in the 3rd quarter worth approximately $80,000. Institutional investors own 85.39% of the company’s stock.

Insider Transactions at SunOpta

In other news, Director Rebecca Fisher sold 13,142 shares of SunOpta stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.58, for a total transaction of $99,616.36. Following the transaction, the director now owns 108,500 shares in the company, valued at approximately $822,430. The trade was a 10.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Duchscher sold 50,000 shares of SunOpta stock in a transaction on Friday, November 8th. The shares were sold at an average price of $7.33, for a total value of $366,500.00. Following the transaction, the insider now owns 42,971 shares in the company, valued at $314,977.43. This represents a 53.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.48% of the company’s stock.

SunOpta Trading Up 0.3 %

Shares of SunOpta stock opened at $7.72 on Wednesday. The business’s fifty day moving average price is $6.79 and its two-hundred day moving average price is $6.09. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. SunOpta Inc. has a 1-year low of $4.62 and a 1-year high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The company had revenue of $176.22 million for the quarter, compared to the consensus estimate of $172.30 million. As a group, equities research analysts anticipate that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on STKL. Stephens raised their price target on SunOpta from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. DA Davidson reissued a “buy” rating and issued a $9.00 price target on shares of SunOpta in a report on Thursday, October 10th. Finally, StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.50.

SunOpta Profile

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.