SpartanNash (NASDAQ:SPTN) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in SpartanNash (NASDAQ:SPTN) by 90.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,461 shares of the company’s stock after buying an additional 3,541 shares during the quarter. GAMMA Investing LLC’s holdings in SpartanNash were worth $137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of SpartanNash by 20.0% during the 2nd quarter. American Century Companies Inc. now owns 744,282 shares of the company’s stock worth $13,963,000 after buying an additional 123,952 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in SpartanNash during the third quarter worth approximately $1,802,000. Dean Investment Associates LLC raised its holdings in SpartanNash by 54.2% during the third quarter. Dean Investment Associates LLC now owns 188,335 shares of the company’s stock worth $4,221,000 after purchasing an additional 66,178 shares in the last quarter. Barclays PLC lifted its position in SpartanNash by 120.0% in the third quarter. Barclays PLC now owns 86,412 shares of the company’s stock worth $1,936,000 after purchasing an additional 47,141 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in SpartanNash by 71.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 102,486 shares of the company’s stock valued at $2,297,000 after purchasing an additional 42,719 shares in the last quarter. Institutional investors own 84.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

SpartanNash Stock Performance

SPTN opened at $18.05 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. The firm has a market cap of $609.28 million, a PE ratio of 13.57 and a beta of 0.35. The business has a fifty day simple moving average of $18.97 and a 200-day simple moving average of $20.11. SpartanNash has a fifty-two week low of $17.71 and a fifty-two week high of $23.07.

SpartanNash (NASDAQ:SPTN) last released 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. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the company posted $0.54 EPS. SpartanNash’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities analysts predict that SpartanNash will post 1.88 EPS for the current fiscal year.

SpartanNash Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were paid a dividend of $0.2175 per share. The ex-dividend date was Monday, December 9th. This represents a $0.87 annualized dividend and a yield of 4.82%. SpartanNash’s dividend payout ratio (DPR) is presently 65.41%.

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.