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

Graham Capital Management L.P. boosted its position in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 157.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,764 shares of the company's stock after purchasing an additional 16,365 shares during the period. Graham Capital Management L.P. owned approximately 0.08% of SpartanNash worth $490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in SpartanNash by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,250,372 shares of the company's stock worth $59,547,000 after buying an additional 57,458 shares during the period. Invesco Ltd. boosted its position in shares of SpartanNash by 25.1% during the 4th quarter. Invesco Ltd. now owns 1,243,507 shares of the company's stock worth $22,781,000 after purchasing an additional 249,616 shares during the period. American Century Companies Inc. increased its holdings in SpartanNash by 14.2% in the 4th quarter. American Century Companies Inc. now owns 1,042,192 shares of the company's stock valued at $19,093,000 after purchasing an additional 129,907 shares during the last quarter. LSV Asset Management raised its position in SpartanNash by 2.1% in the fourth quarter. LSV Asset Management now owns 977,398 shares of the company's stock valued at $17,906,000 after purchasing an additional 20,546 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in shares of SpartanNash by 1.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 496,343 shares of the company's stock valued at $9,093,000 after buying an additional 8,652 shares during the period. 84.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. StockNews.com lowered 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 for the company. in a research note on Wednesday, February 19th.

SpartanNash Price Performance

NASDAQ SPTN traded down $0.40 during mid-day trading on Wednesday, hitting $19.60. The stock had a trading volume of 36,508 shares, compared to its average volume of 267,079. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The company has a market cap of $663.38 million, a price-to-earnings ratio of -1,961.90 and a beta of 0.42. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The company has a 50 day simple moving average of $19.72 and a 200 day simple moving average of $19.25.

SpartanNash Increases Dividend

The firm 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. The ex-dividend date was Friday, March 21st. This represents a $0.88 dividend on an annualized basis and a yield of 4.49%. This is a boost from SpartanNash's previous quarterly dividend of $0.22. SpartanNash's payout ratio is presently -8,800.00%.

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.