Marshall Wace LLP Decreases Holdings in SpartanNash (NASDAQ:SPTN)

Marshall Wace LLP cut its stake in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 53.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,826 shares of the company's stock after selling 27,002 shares during the quarter. Marshall Wace LLP owned approximately 0.07% of SpartanNash worth $436,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas grew its stake in SpartanNash by 28.3% during the 4th quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company's stock worth $5,013,000 after buying an additional 60,401 shares during the last quarter. Barclays PLC boosted its stake in SpartanNash by 120.0% in the 3rd quarter. Barclays PLC now owns 86,412 shares of the company's stock worth $1,936,000 after purchasing an additional 47,141 shares in the last quarter. Dana Investment Advisors Inc. raised its holdings in shares of SpartanNash by 16.7% in the fourth quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock worth $6,280,000 after buying an additional 48,987 shares during the last quarter. Ieq Capital LLC acquired a new stake in shares of SpartanNash during the fourth quarter worth $231,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of SpartanNash in the 4th quarter valued at $948,000. 84.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on SPTN shares. StockNews.com upgraded SpartanNash from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Northcoast Research cut shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a research note on Wednesday, February 19th.

SpartanNash Stock Performance

Shares of SPTN traded down $0.23 during mid-day trading on Tuesday, reaching $19.10. The company had a trading volume of 232,485 shares, compared to its average volume of 264,802. The stock has a 50 day moving average of $19.88 and a two-hundred day moving average of $19.39. 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 stock has a market capitalization of $646.46 million, a P/E ratio of -1,910.00 and a beta of 0.42. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00.

SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. During the same quarter in the previous year, the business earned $0.35 EPS. On average, analysts expect that SpartanNash will post 1.79 earnings per share for the current year.

SpartanNash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, March 21st. This is a boost from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.61%. SpartanNash's dividend payout ratio (DPR) is -8,800.00%.

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.