Northern Trust Corp Increases Position in SpartanNash (NASDAQ:SPTN)

Northern Trust Corp raised its holdings in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 444,377 shares of the company's stock after purchasing an additional 73,752 shares during the quarter. Northern Trust Corp owned 1.32% of SpartanNash worth $8,141,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Nisa Investment Advisors LLC grew its position in shares of SpartanNash by 3,585.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock worth $32,000 after buying an additional 1,685 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of SpartanNash by 167.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock worth $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. Guggenheim Capital LLC purchased a new stake in shares of SpartanNash in the 4th quarter worth approximately $218,000. Finally, Ieq Capital LLC purchased a new stake in shares of SpartanNash in the 4th quarter worth approximately $231,000. 84.59% of the stock is currently owned by institutional investors.

SpartanNash Stock Performance

SPTN stock traded down $0.56 during trading on Wednesday, hitting $19.44. 277,199 shares of the company traded hands, compared to its average volume of 268,394. The stock's 50-day simple moving average is $19.72 and its 200 day simple moving average is $19.25. 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 cap of $657.97 million, a PE ratio of -1,944.00 and a beta of 0.42. SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00.

SpartanNash Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, March 21st. This is a boost from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 4.53%. SpartanNash's dividend payout ratio is currently -8,800.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com lowered SpartanNash from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. 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.

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.