Vident Advisory LLC Sells 13,435 Shares of SpartanNash (NASDAQ:SPTN)

Vident Advisory LLC lessened its holdings in SpartanNash (NASDAQ:SPTN - Free Report) by 50.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,153 shares of the company's stock after selling 13,435 shares during the period. Vident Advisory LLC's holdings in SpartanNash were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of SpartanNash by 120.0% during 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 in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of SpartanNash by 3,585.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock worth $32,000 after acquiring an additional 1,685 shares during the period. Yousif Capital Management LLC lifted its stake in shares of SpartanNash by 5.9% in the fourth quarter. Yousif Capital Management LLC now owns 13,696 shares of the company's stock worth $251,000 after acquiring an additional 768 shares during the period. Empowered Funds LLC lifted its stake in shares of SpartanNash by 5.1% in the fourth quarter. Empowered Funds LLC now owns 178,347 shares of the company's stock worth $3,267,000 after acquiring an additional 8,652 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of SpartanNash by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 163,673 shares of the company's stock worth $2,998,000 after acquiring an additional 4,596 shares during the period. Institutional investors own 84.59% of the company's stock.

SpartanNash Stock Down 1.3%

Shares of NASDAQ SPTN traded down $0.25 during midday trading on Tuesday, hitting $18.81. 383,936 shares of the stock traded hands, compared to its average volume of 271,205. The business has a 50 day moving average price of $19.61 and a two-hundred day moving average price of $19.24. SpartanNash has a one year low of $17.30 and a one year high of $23.00. The company has a market cap of $636.79 million, a PE ratio of -1,881.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57.

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 the consensus estimate of $0.43 by ($0.08). The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the business earned $0.53 EPS. The company's quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts predict that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Announces Dividend

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 $0.22 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.88 annualized dividend and a yield of 4.68%. SpartanNash's dividend payout ratio is currently -275.00%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wall Street Zen lowered SpartanNash from a "buy" rating to a "hold" rating in a research note on Friday. Northcoast Research lowered SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target on the stock. in a research note on Wednesday, February 19th.

SpartanNash Company 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.