Macquarie Group Ltd. purchased a new position in shares of Inventure Foods Inc (NASDAQ:SNAK) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 22,276 shares of the company’s stock, valued at approximately $104,000. Macquarie Group Ltd. owned 0.11% of Inventure Foods at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Trellus Management Company LLC acquired a new stake in Inventure Foods in the third quarter valued at $236,000. Bank of America Corp DE lifted its holdings in Inventure Foods by 263.2% in the first quarter. Bank of America Corp DE now owns 83,907 shares of the company’s stock valued at $371,000 after acquiring an additional 60,802 shares during the period. NJ State Employees Deferred Compensation Plan lifted its holdings in Inventure Foods by 80.0% in the third quarter. NJ State Employees Deferred Compensation Plan now owns 90,000 shares of the company’s stock valued at $422,000 after acquiring an additional 40,000 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Inventure Foods in the second quarter valued at $519,000. Finally, Gamco Investors INC. ET AL lifted its holdings in Inventure Foods by 8.7% in the second quarter. Gamco Investors INC. ET AL now owns 202,829 shares of the company’s stock valued at $874,000 after acquiring an additional 16,300 shares during the period. 69.32% of the stock is owned by hedge funds and other institutional investors.
SNAK has been the subject of a number of recent analyst reports. ValuEngine raised Inventure Foods from a “sell” rating to a “hold” rating in a report on Friday, December 1st. William Blair restated a “market perform” rating on shares of Inventure Foods in a research report on Wednesday, November 1st.
Inventure Foods (NASDAQ:SNAK) last announced its quarterly earnings results on Tuesday, November 7th. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $27.43 million during the quarter, compared to analyst estimates of $52.10 million. During the same period in the prior year, the company posted ($0.13) EPS. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. analysts forecast that Inventure Foods Inc will post -0.13 earnings per share for the current fiscal year.
About Inventure Foods
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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