GAMMA Investing LLC Acquires 156,584 Shares of SpartanNash (NASDAQ:SPTN)

GAMMA Investing LLC boosted its stake in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 2,098.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 164,045 shares of the company's stock after buying an additional 156,584 shares during the period. GAMMA Investing LLC owned 0.48% of SpartanNash worth $3,324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. State of Wyoming acquired a new position in shares of SpartanNash during the fourth quarter worth $43,000. Tower Research Capital LLC TRC lifted its stake in SpartanNash by 167.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock valued at $109,000 after buying an additional 3,735 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in SpartanNash in the 4th quarter valued at about $113,000. KLP Kapitalforvaltning AS acquired a new stake in SpartanNash in the 4th quarter valued at about $132,000. Finally, US Asset Management LLC acquired a new stake in shares of SpartanNash during the 4th quarter worth approximately $190,000. Hedge funds and other institutional investors own 84.59% of the company's stock.

Analyst Ratings Changes

SPTN has been the subject of a number of recent analyst reports. Northcoast Research downgraded shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target for the company. in a report on Wednesday, February 19th. Wall Street Zen cut shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.

SpartanNash Price Performance

Shares of NASDAQ SPTN traded down $0.59 on Friday, hitting $17.62. The company's stock had a trading volume of 278,984 shares, compared to its average volume of 273,514. 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 company has a market capitalization of $596.44 million, a price-to-earnings ratio of -1,762.00 and a beta of 0.34. The stock has a 50 day moving average of $19.33 and a 200-day moving average of $19.22. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00.

SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.08). The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.87 billion. SpartanNash's revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 EPS. As a group, research analysts predict that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend is Friday, June 13th. SpartanNash's dividend payout ratio is currently -275.00%.

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.