TrueMark Investments LLC Decreases Position in SpartanNash Company (NASDAQ:SPTN)

TrueMark Investments LLC decreased its position in SpartanNash Company (NASDAQ:SPTN - Free Report) by 77.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming purchased a new stake in shares of SpartanNash in the 4th quarter worth $43,000. Tower Research Capital LLC TRC grew its holdings in 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 period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in SpartanNash in the fourth quarter worth about $113,000. KLP Kapitalforvaltning AS purchased a new stake in SpartanNash in the fourth quarter worth about $132,000. Finally, GAMMA Investing LLC raised its stake in shares of SpartanNash by 8.5% in the first quarter. GAMMA Investing LLC now owns 8,097 shares of the company's stock worth $164,000 after buying an additional 636 shares during the period. 84.59% of the stock is owned by hedge funds and other institutional investors.

SpartanNash Price Performance

SPTN traded up $0.11 during trading on Friday, hitting $26.51. 1,558,833 shares of the company traded hands, compared to its average volume of 345,179. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 1.03. The company has a market cap of $897.36 million, a PE ratio of -82.84 and a beta of 0.34. The stock's 50-day simple moving average is $19.75 and its two-hundred day simple moving average is $19.39. SpartanNash Company has a 1 year low of $17.30 and a 1 year high of $26.65.

SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). SpartanNash had a positive return on equity of 8.26% and a negative net margin of 0.11%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the firm posted $0.53 earnings per share. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that SpartanNash Company will post 1.79 earnings per share for the current fiscal year.

SpartanNash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.88 annualized dividend and a yield of 3.32%. SpartanNash's dividend payout ratio (DPR) is currently -275.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SPTN shares. Wall Street Zen downgraded SpartanNash from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. BMO Capital Markets reaffirmed a "market perform" rating and set a $26.90 price target (up previously from $20.00) on shares of SpartanNash in a report on Tuesday.

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.