Susquehanna Fundamental Investments LLC Makes New $1.26 Million Investment in SpartanNash (NASDAQ:SPTN)

Susquehanna Fundamental Investments LLC purchased a new stake in SpartanNash (NASDAQ:SPTN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 68,959 shares of the company's stock, valued at approximately $1,263,000. Susquehanna Fundamental Investments LLC owned about 0.20% of SpartanNash as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SPTN. Nisa Investment Advisors LLC grew its holdings in shares of SpartanNash by 3,585.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock valued at $32,000 after purchasing an additional 1,685 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in SpartanNash by 167.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock worth $109,000 after acquiring an additional 3,735 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of SpartanNash in the fourth quarter worth $132,000. GAMMA Investing LLC raised its position in SpartanNash by 90.3% during the 4th quarter. GAMMA Investing LLC now owns 7,461 shares of the company's stock worth $137,000 after purchasing an additional 3,541 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of SpartanNash in the 3rd quarter valued at about $211,000. 84.59% of the stock is currently owned by institutional investors.

SpartanNash Stock Down 0.9 %

NASDAQ:SPTN traded down $0.18 on Monday, hitting $19.33. The stock had a trading volume of 221,331 shares, compared to its average volume of 264,595. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00. The business's fifty day moving average is $19.89 and its 200 day moving average is $19.41. The company has a market cap of $654.24 million, a PE ratio of -1,933.00 and a beta of 0.53.

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

SpartanNash Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Friday, March 21st. This is a positive change from SpartanNash's previous quarterly dividend of $0.22. SpartanNash's dividend payout ratio (DPR) is currently -8,800.00%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SPTN. StockNews.com raised shares of SpartanNash from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Northcoast Research downgraded shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a research report on Wednesday, February 19th.

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.