Trexquant Investment LP Sells 31,134 Shares of SpartanNash (NASDAQ:SPTN)

Trexquant Investment LP reduced its holdings in SpartanNash (NASDAQ:SPTN - Free Report) by 47.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,487 shares of the company's stock after selling 31,134 shares during the quarter. Trexquant Investment LP owned about 0.10% of SpartanNash worth $632,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SPTN. Nisa Investment Advisors LLC increased 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 worth $32,000 after acquiring an additional 1,685 shares during the period. KLP Kapitalforvaltning AS bought a new position in SpartanNash during the fourth quarter valued at about $132,000. GAMMA Investing LLC raised its holdings in SpartanNash by 90.3% in the 4th quarter. GAMMA Investing LLC now owns 7,461 shares of the company's stock valued at $137,000 after acquiring an additional 3,541 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of SpartanNash in the 3rd quarter worth approximately $211,000. Finally, Ieq Capital LLC acquired a new stake in shares of SpartanNash during the 4th quarter worth approximately $231,000. Institutional investors and hedge funds own 84.59% of the company's stock.

SpartanNash Price Performance

Shares of SPTN traded up $0.21 during mid-day trading on Thursday, reaching $19.73. The company had a trading volume of 43,730 shares, compared to its average volume of 262,990. The company's 50-day moving average is $19.85 and its 200-day moving average is $19.58. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78. The company has a market capitalization of $667.65 million, a P/E ratio of -1,974.00 and a beta of 0.53. SpartanNash has a twelve month low of $17.30 and a twelve month high of $23.00.

SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. During the same period in the prior year, the firm earned $0.35 EPS. On average, equities analysts anticipate that SpartanNash will post 1.79 EPS 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 issued a $0.22 dividend. This is an increase from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Friday, March 21st. SpartanNash's payout ratio is presently -8,800.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented 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 downgraded shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a 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.