ProShare Advisors LLC Purchases 100,833 Shares of SpartanNash (NASDAQ:SPTN)

ProShare Advisors LLC boosted its holdings in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 31.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 422,921 shares of the company's stock after purchasing an additional 100,833 shares during the period. ProShare Advisors LLC owned about 1.25% of SpartanNash worth $7,748,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Teacher Retirement System of Texas boosted its holdings in shares of SpartanNash by 28.3% during the 4th quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company's stock valued at $5,013,000 after acquiring an additional 60,401 shares in the last quarter. Barclays PLC raised its position in SpartanNash by 120.0% in the third quarter. Barclays PLC now owns 86,412 shares of the company's stock valued at $1,936,000 after purchasing an additional 47,141 shares during the last quarter. Dana Investment Advisors Inc. boosted its stake in shares of SpartanNash by 16.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock valued at $6,280,000 after purchasing an additional 48,987 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SpartanNash during the fourth quarter worth about $319,000. Finally, Ieq Capital LLC acquired a new position in shares of SpartanNash in the fourth quarter valued at approximately $231,000. Institutional investors and hedge funds own 84.59% of the company's stock.

SpartanNash Trading Down 2.8%

Shares of SPTN stock traded down $0.56 on Wednesday, hitting $19.44. The company had a trading volume of 277,199 shares, compared to its average volume of 268,019. SpartanNash has a twelve month low of $17.30 and a twelve month high of $23.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. The firm has a market cap of $657.97 million, a P/E ratio of -1,944.00 and a beta of 0.42. The stock's 50-day moving average is $19.72 and its two-hundred day moving average is $19.25.

SpartanNash Increases Dividend

The company also recently announced 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. This represents a $0.88 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Friday, March 21st. This is an increase from SpartanNash's previous quarterly dividend of $0.22. SpartanNash's dividend payout ratio is currently -8,800.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on SPTN shares. Northcoast Research downgraded shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a research report on Wednesday, February 19th. StockNews.com lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th.

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.