4WEALTH Advisors Inc. Purchases New Holdings in SpartanNash (NASDAQ:SPTN)

4WEALTH Advisors Inc. bought a new stake in SpartanNash (NASDAQ:SPTN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,300 shares of the company's stock, valued at approximately $354,000. 4WEALTH Advisors Inc. owned approximately 0.06% of SpartanNash at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SPTN. Teacher Retirement System of Texas grew its stake in shares of SpartanNash by 28.3% in the 4th quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company's stock valued at $5,013,000 after buying an additional 60,401 shares in the last quarter. Barclays PLC lifted its stake in SpartanNash by 120.0% in the third quarter. Barclays PLC now owns 86,412 shares of the company's stock valued at $1,936,000 after acquiring an additional 47,141 shares during the last quarter. Dana Investment Advisors Inc. grew its position in SpartanNash by 16.7% in the fourth quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock worth $6,280,000 after acquiring an additional 48,987 shares in the last quarter. Ieq Capital LLC acquired a new position in shares of SpartanNash during the 4th quarter worth $231,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of SpartanNash during the 4th quarter valued at $948,000. 84.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Northcoast Research cut shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a report on Wednesday, February 19th. StockNews.com upgraded SpartanNash from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

SpartanNash Stock Performance

Shares of SpartanNash stock traded down $0.22 on Friday, reaching $19.51. The stock had a trading volume of 189,661 shares, compared to its average volume of 264,769. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. The business's 50-day moving average price is $19.89 and its two-hundred day moving average price is $19.41. The stock has a market cap of $660.34 million, a P/E ratio of -1,951.00 and a beta of 0.53. SpartanNash has a fifty-two week low of $17.30 and a fifty-two week high of $23.00.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.09. During the same quarter last year, the business posted $0.35 EPS. On average, sell-side analysts forecast that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 4.51%. This is a boost from SpartanNash's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 21st. SpartanNash's dividend payout ratio is currently -8,800.00%.

SpartanNash Profile

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.