Sovereign s Capital Management LLC Purchases New Position in SpartanNash (NASDAQ:SPTN)

Sovereign s Capital Management LLC bought a new stake in shares of SpartanNash (NASDAQ:SPTN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 25,153 shares of the company's stock, valued at approximately $461,000. Sovereign s Capital Management LLC owned about 0.07% of SpartanNash at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake 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 during the last quarter. State of Wyoming purchased a new position in shares of SpartanNash during the fourth quarter valued at approximately $43,000. Tower Research Capital LLC TRC raised its holdings in shares of SpartanNash by 167.4% during the fourth 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 last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of SpartanNash during the fourth quarter valued at approximately $113,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of SpartanNash during the fourth quarter valued at approximately $132,000. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

SpartanNash Price Performance

SPTN stock traded down $0.15 during mid-day trading on Friday, hitting $18.81. The company had a trading volume of 243,261 shares, compared to its average volume of 268,446. The company has a market capitalization of $636.64 million, a price-to-earnings ratio of -1,881.00 and a beta of 0.42. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The company has a 50-day moving average price of $19.65 and a 200 day moving average price of $19.22.

SpartanNash Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, June 13th. SpartanNash's dividend payout ratio (DPR) is presently -8,800.00%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Northcoast Research cut shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a report on Wednesday, February 19th. Wall Street Zen cut SpartanNash from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th.

About SpartanNash

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.