SpartanNash (NASDAQ:SPTN) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,421,292 shares of the company's stock after selling 90,055 shares during the period. Dimensional Fund Advisors LP owned 7.17% of SpartanNash worth $44,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SPTN. Nisa Investment Advisors LLC grew its stake in SpartanNash by 3,585.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock valued at $32,000 after buying an additional 1,685 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of SpartanNash in the fourth quarter worth $132,000. GAMMA Investing LLC raised its holdings in shares of SpartanNash by 90.3% in the 4th quarter. GAMMA Investing LLC now owns 7,461 shares of the company's stock valued at $137,000 after acquiring an additional 3,541 shares in the last quarter. Guggenheim Capital LLC purchased a new position in SpartanNash in the 4th quarter worth approximately $218,000. Finally, Ieq Capital LLC bought a new position in SpartanNash in the fourth quarter valued at $231,000. 84.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

SpartanNash Stock Performance

SpartanNash stock traded down $0.23 during midday trading on Tuesday, hitting $19.10. The stock had a trading volume of 232,485 shares, compared to its average volume of 264,802. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The firm's fifty day moving average is $19.88 and its two-hundred day moving average is $19.39. The company has a market capitalization of $646.46 million, a PE ratio of -1,910.00 and a beta of 0.42.

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

SpartanNash Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.61%. The ex-dividend date was Friday, March 21st. This is an increase from SpartanNash's previous quarterly dividend of $0.22. SpartanNash's dividend payout ratio (DPR) is currently -8,800.00%.

SpartanNash Company 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.