Dean Capital Management reduced its stake in SpartanNash (NASDAQ:SPTN - Free Report) by 74.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,254 shares of the company's stock after selling 84,189 shares during the period. Dean Capital Management owned 0.08% of SpartanNash worth $518,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Nisa Investment Advisors LLC raised its position in SpartanNash by 3,585.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock valued at $32,000 after purchasing an additional 1,685 shares in the last quarter. Tower Research Capital LLC TRC increased its position in SpartanNash by 167.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock valued at $109,000 after purchasing an additional 3,735 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of SpartanNash in the 4th quarter worth approximately $132,000. GAMMA Investing LLC boosted its stake in shares of SpartanNash by 90.3% during the fourth quarter. GAMMA Investing LLC now owns 7,461 shares of the company's stock valued at $137,000 after purchasing an additional 3,541 shares in the last quarter. Finally, Guggenheim Capital LLC bought a new position in SpartanNash in the fourth quarter worth approximately $218,000. 84.59% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. StockNews.com upgraded SpartanNash from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Northcoast Research downgraded shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective on the stock. in a research report on Wednesday, February 19th.
Get Our Latest Stock Analysis on SpartanNash
SpartanNash Trading Down 2.0 %
Shares of NASDAQ:SPTN opened at $18.71 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78. The firm has a market capitalization of $633.26 million, a P/E ratio of -1,871.00 and a beta of 0.42. The business's 50-day moving average is $19.84 and its 200 day moving average is $19.39. SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00.
SpartanNash (NASDAQ:SPTN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, research analysts predict that SpartanNash will post 1.79 earnings per share for the current fiscal year.
SpartanNash Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were issued a dividend of $0.22 per share. This is an increase from SpartanNash's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.70%. SpartanNash's payout ratio is -8,800.00%.
SpartanNash Company Profile
(
Free Report)
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.
See Also
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