SpartanNash (NASDAQ:SPTN) Shares Bought by Quest Partners LLC

Quest Partners LLC boosted its holdings in shares of SpartanNash (NASDAQ:SPTN) by 66.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,270 shares of the company’s stock after purchasing an additional 6,088 shares during the period. Quest Partners LLC’s holdings in SpartanNash were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in shares of SpartanNash in the second quarter worth about $30,000. Canada Pension Plan Investment Board acquired a new position in shares of SpartanNash in the second quarter worth about $34,000. Blue Trust Inc. raised its position in shares of SpartanNash by 5,317.6% in the second quarter. Blue Trust Inc. now owns 1,842 shares of the company’s stock worth $37,000 after acquiring an additional 1,808 shares during the period. Signaturefd LLC raised its position in shares of SpartanNash by 64.9% in the third quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock worth $40,000 after acquiring an additional 709 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of SpartanNash by 114.4% in the second quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock worth $45,000 after acquiring an additional 1,270 shares during the period. 84.59% of the stock is currently owned by institutional investors and hedge funds.

SpartanNash Stock Up 1.8 %

SpartanNash stock opened at $19.09 on Tuesday. SpartanNash has a fifty-two week low of $17.74 and a fifty-two week high of $24.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.83 and a current ratio of 1.62. The firm has a 50 day moving average price of $20.90 and a 200 day moving average price of $20.36. The company has a market capitalization of $644.38 million, a PE ratio of 14.35 and a beta of 0.39.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.24 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. SpartanNash’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. Research analysts expect that SpartanNash will post 1.88 earnings per share for the current year.

SpartanNash Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.2175 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.56%. SpartanNash’s dividend payout ratio (DPR) is 65.41%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

SpartanNash 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.