Assenagon Asset Management S.A. lifted its position in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 89.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 446,278 shares of the company's stock after acquiring an additional 210,454 shares during the quarter. Assenagon Asset Management S.A. owned 1.29% of SpartanNash worth $10,242,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Legato Capital Management LLC lifted its stake in SpartanNash by 81.2% in the 4th quarter. Legato Capital Management LLC now owns 46,874 shares of the company's stock valued at $1,076,000 after buying an additional 21,011 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in SpartanNash by 40.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 26,029 shares of the company's stock valued at $597,000 after buying an additional 7,461 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in SpartanNash by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 60,598 shares of the company's stock valued at $1,391,000 after buying an additional 481 shares in the last quarter. Vanguard Group Inc. lifted its stake in SpartanNash by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,978,527 shares of the company's stock valued at $65,528,000 after buying an additional 27,667 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in SpartanNash by 28.4% in the 3rd quarter. American Century Companies Inc. now owns 82,069 shares of the company's stock valued at $1,806,000 after buying an additional 18,167 shares in the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at SpartanNash
In other news, Director William R. Voss sold 16,439 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $19.84, for a total transaction of $326,149.76. Following the completion of the sale, the director now owns 15,248 shares in the company, valued at approximately $302,520.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.70% of the company's stock.
SpartanNash Price Performance
SPTN stock traded up $0.19 during mid-day trading on Friday, reaching $20.21. The company's stock had a trading volume of 217,728 shares, compared to its average volume of 277,672. The stock has a market cap of $696.64 million, a PE ratio of 13.47 and a beta of 0.52. The company has a current ratio of 1.63, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76. SpartanNash has a fifty-two week low of $19.04 and a fifty-two week high of $25.40. The company's 50 day moving average is $21.14 and its two-hundred day moving average is $22.09.
SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.27 billion. SpartanNash had a net margin of 0.54% and a return on equity of 9.86%. The firm's revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. Equities research analysts expect that SpartanNash will post 1.93 EPS for the current year.
SpartanNash Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.2175 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.30%. This is an increase from SpartanNash's previous quarterly dividend of $0.14. SpartanNash's dividend payout ratio (DPR) is currently 58.00%.
Analyst Ratings Changes
A number of brokerages recently weighed in on SPTN. StockNews.com lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a research note on Monday, February 19th. TheStreet upgraded shares of SpartanNash from a "c+" rating to a "b" rating in a report on Thursday, February 15th.
Read Our Latest Stock Analysis on SpartanNash
About SpartanNash
(
Free Report)
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.
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