Exchange Traded Concepts LLC Purchases 3,308 Shares of SpartanNash (NASDAQ:SPTN)

Exchange Traded Concepts LLC increased its position in shares of SpartanNash (NASDAQ:SPTN) by 4.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,418 shares of the company’s stock after acquiring an additional 3,308 shares during the period. Exchange Traded Concepts LLC owned about 0.24% of SpartanNash worth $1,473,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SPTN. US Bancorp DE lifted its holdings in shares of SpartanNash by 3.6% during the third quarter. US Bancorp DE now owns 16,816 shares of the company’s stock worth $377,000 after purchasing an additional 587 shares during the period. Creative Planning raised its position in shares of SpartanNash by 5.7% during the third quarter. Creative Planning now owns 13,165 shares of the company’s stock worth $295,000 after acquiring an additional 708 shares during the last quarter. Signaturefd LLC lifted its stake 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. Martingale Asset Management L P boosted its holdings in SpartanNash by 2.2% in the third quarter. Martingale Asset Management L P now owns 48,114 shares of the company’s stock valued at $1,078,000 after acquiring an additional 1,040 shares during the last quarter. Finally, MBM Wealth Consultants LLC increased its position in SpartanNash by 10.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 13,083 shares of the company’s stock valued at $238,000 after purchasing an additional 1,203 shares during the period. Institutional investors and hedge funds own 84.59% of the company’s stock.

SpartanNash Stock Up 2.1 %

Shares of SpartanNash stock opened at $18.30 on Tuesday. The firm has a market cap of $617.72 million, a price-to-earnings ratio of 13.76 and a beta of 0.35. The stock’s 50-day moving average is $18.57 and its 200 day moving average is $20.11. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 0.83. SpartanNash has a one year low of $17.30 and a one year high of $23.00.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the firm posted $0.54 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that SpartanNash will post 1.88 EPS for the current year.

SpartanNash Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a dividend of $0.2175 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.75%. SpartanNash’s dividend payout ratio (DPR) is presently 65.41%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd.

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.