24,788 Shares in SpartanNash Company $SPTN Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP purchased 24,788 shares of SpartanNash Company, making their investment valued at approximately $502,000, representing 0.07% ownership of the company.
• Several other institutional investors, including GAMMA Investing LLC and the New York State Common Retirement Fund, increased their holdings in SpartanNash, reflecting growing institutional interest in the stock.
• SpartanNash recently reported earnings of $0.54 per share, surpassing analysts’ expectations, along with a declared quarterly dividend of $0.22 per share, indicating a 3.3% dividend yield.

Caxton Associates LLP acquired a new stake in shares of SpartanNash Company (NASDAQ:SPTN - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 24,788 shares of the company's stock, valued at approximately $502,000. Caxton Associates LLP owned 0.07% of SpartanNash at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SPTN. Northern Trust Corp increased its position in SpartanNash by 19.9% during the 4th quarter. Northern Trust Corp now owns 444,377 shares of the company's stock valued at $8,141,000 after purchasing an additional 73,752 shares during the period. Ameriprise Financial Inc. increased its position in SpartanNash by 40.8% during the 4th quarter. Ameriprise Financial Inc. now owns 213,417 shares of the company's stock valued at $3,912,000 after purchasing an additional 61,816 shares during the period. Bank of America Corp DE boosted its holdings in shares of SpartanNash by 18.5% during the 4th quarter. Bank of America Corp DE now owns 68,950 shares of the company's stock valued at $1,263,000 after buying an additional 10,787 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of SpartanNash by 9.1% during the 4th quarter. Deutsche Bank AG now owns 119,443 shares of the company's stock valued at $2,188,000 after buying an additional 9,937 shares in the last quarter. Finally, Graham Capital Management L.P. boosted its holdings in shares of SpartanNash by 157.4% during the 4th quarter. Graham Capital Management L.P. now owns 26,764 shares of the company's stock valued at $490,000 after buying an additional 16,365 shares in the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.

SpartanNash Price Performance

SPTN traded up $0.18 during trading on Tuesday, reaching $26.47. 791,881 shares of the company traded hands, compared to its average volume of 535,892. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.80 and a current ratio of 1.57. SpartanNash Company has a 12-month low of $17.30 and a 12-month high of $26.89. The firm has a fifty day simple moving average of $26.61 and a 200 day simple moving average of $22.50. The company has a market cap of $896.10 million, a P/E ratio of -55.20 and a beta of 0.50.

SpartanNash (NASDAQ:SPTN - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.04. SpartanNash had a negative net margin of 0.16% and a positive return on equity of 8.19%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the firm posted $0.59 EPS. The company's revenue was up 1.8% on a year-over-year basis. On average, equities analysts forecast that SpartanNash Company will post 1.79 EPS for the current year.

SpartanNash Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.3%. SpartanNash's dividend payout ratio (DPR) is -183.33%.

Wall Street Analyst Weigh In

SPTN has been the topic of a number of research reports. BMO Capital Markets restated a "market perform" rating and set a $26.90 target price (up previously from $20.00) on shares of SpartanNash in a report on Tuesday, June 24th. Wall Street Zen cut shares of SpartanNash from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Zacks Research upgraded shares of SpartanNash from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $18.45.

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.