Perkins Capital Management Inc buys $1,594,005 stake in Inventure Foods Inc (SNAK)

Inventure Foods Inc (SNAK) : Perkins Capital Management Inc scooped up 134,250 additional shares in Inventure Foods Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 199,750 shares of Inventure Foods Inc which is valued at $1,594,005.Inventure Foods Inc makes up approximately 1.75% of Perkins Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Punch Associates Investment Management reduced its stake in SNAK by selling 124,839 shares or 17.04% in the most recent quarter. The Hedge Fund company now holds 607,821 shares of SNAK which is valued at $4,911,194. Inventure Foods Inc makes up approx 0.55% of Punch Associates Investment Management’s portfolio. Bnp Paribas Arbitrage Sa added SNAK to its portfolio by purchasing 736 company shares during the most recent quarter which is valued at $5,792.

Inventure Foods Inc closed down -0.1 points or -1.23% at $8.02 with 48,253 shares getting traded on Wednesday. Post opening the session at $8.12, the shares hit an intraday low of $7.97 and an intraday high of $8.16 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Inventure Foods Inc reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.06. The company had revenue of $69.90 million for the quarter, compared to analysts expectations of $74.14 million. The company’s revenue was down -9.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.

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. All products sold under its frozen products segment are considered part of the healthy/natural food category. 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. The products sold under its snack products segment includes products considered part of the indulgent specialty snack food category as well as products considered part of the healthy/natural food category. The Company operates manufacturing facilities in eight locations.

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