SpartanNash Company (NASDAQ:SPTN) Shares Sold by TrueMark Investments LLC

TrueMark Investments LLC cut its position in SpartanNash Company (NASDAQ:SPTN - Free Report) by 77.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,151 shares of the company's stock after selling 52,437 shares during the quarter. TrueMark Investments LLC's holdings in SpartanNash were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. State of Wyoming acquired a new stake in shares of SpartanNash in the fourth quarter valued at $43,000. Tower Research Capital LLC TRC boosted its holdings in SpartanNash by 167.4% in 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 period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in SpartanNash in the fourth quarter valued at $113,000. KLP Kapitalforvaltning AS purchased a new position in SpartanNash in the fourth quarter valued at $132,000. Finally, GAMMA Investing LLC boosted its holdings in SpartanNash by 8.5% in the first quarter. GAMMA Investing LLC now owns 8,097 shares of the company's stock valued at $164,000 after purchasing an additional 636 shares during the period. 84.59% of the stock is owned by institutional investors and hedge funds.

SpartanNash Trading Up 50.6%

NASDAQ:SPTN opened at $26.57 on Tuesday. The firm has a market cap of $899.39 million, a PE ratio of -83.03 and a beta of 0.34. The stock has a fifty day moving average price of $19.20 and a 200 day moving average price of $19.18. SpartanNash Company has a 12-month low of $17.30 and a 12-month high of $26.89. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 1.03.

SpartanNash (NASDAQ:SPTN - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $0.35 earnings per share (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 had a positive return on equity of 8.26% and a negative net margin of 0.11%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. Sell-side analysts anticipate that SpartanNash Company will post 1.79 earnings per share for the current fiscal year.

SpartanNash Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 3.31%. The ex-dividend date of this dividend is Friday, June 13th. SpartanNash's dividend payout ratio (DPR) is -275.00%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered SpartanNash from a "buy" rating to a "hold" rating in a report on Friday, May 30th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.