LMR Partners LLP Acquires New Position in Inventure Foods, Inc. (SNAK)
LMR Partners LLP acquired a new position in shares of Inventure Foods, Inc. (NASDAQ:SNAK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 66,236 shares of the company’s stock, valued at approximately $285,000. LMR Partners LLP owned about 0.34% of Inventure Foods at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. KCG Holdings Inc. increased its stake 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 period. Bourgeon Capital Management LLC bought a new stake in shares of Inventure Foods during the first quarter worth approximately $133,000. Symons Capital Management Inc. bought a new stake in shares of Inventure Foods during the first quarter worth approximately $168,000. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Inventure Foods during the second quarter worth approximately $216,000. Finally, OppenheimerFunds Inc. bought a new stake in shares of Inventure Foods during the first quarter worth approximately $228,000. Institutional investors own 81.41% of the company’s stock.
Shares of Inventure Foods, Inc. (SNAK) opened at 3.40 on Wednesday. The stock’s 50 day moving average price is $3.65 and its 200-day moving average price is $4.33. Inventure Foods, Inc. has a 12 month low of $2.96 and a 12 month high of $10.15. The firm’s market cap is $67.27 million.
SNAK has been the subject of a number of recent research reports. Zacks Investment Research upgraded Inventure Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine upgraded Inventure Foods from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th.
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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