SpartanNash (NASDAQ:SPTN) Shares Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. boosted its stake in SpartanNash (NASDAQ:SPTN - Free Report) by 157.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,764 shares of the company's stock after purchasing an additional 16,365 shares during the quarter. Graham Capital Management L.P. owned about 0.08% of SpartanNash worth $490,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in SpartanNash by 3,585.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock valued at $32,000 after buying an additional 1,685 shares in the last quarter. Tower Research Capital LLC TRC lifted its position 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 buying an additional 3,735 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in SpartanNash during the fourth quarter valued at approximately $113,000. KLP Kapitalforvaltning AS acquired a new position in SpartanNash during the fourth quarter valued at approximately $132,000. Finally, Guggenheim Capital LLC acquired a new position in SpartanNash during the fourth quarter valued at approximately $218,000. Institutional investors and hedge funds own 84.59% of the company's stock.

SpartanNash Stock Down 0.5%

NASDAQ:SPTN traded down $0.10 on Monday, reaching $19.74. The stock had a trading volume of 228,676 shares, compared to its average volume of 267,941. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00. The stock has a market cap of $668.12 million, a P/E ratio of -1,974.00 and a beta of 0.42. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. The company has a 50-day moving average of $19.72 and a 200 day moving average of $19.26.

SpartanNash Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a dividend of $0.22 per share. The ex-dividend date was Friday, March 21st. This is an increase from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 4.46%. SpartanNash's payout ratio is currently -8,800.00%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SPTN. StockNews.com cut shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Northcoast Research cut shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target on the stock. in a research report 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.