Connor Clark & Lunn Investment Management Ltd. purchased a new position in SpartanNash (NASDAQ:SPTN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,748 shares of the company's stock, valued at approximately $948,000. Connor Clark & Lunn Investment Management Ltd. owned 0.15% of SpartanNash at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of SpartanNash by 13.3% during the 4th quarter. Bank of New York Mellon Corp now owns 481,538 shares of the company's stock valued at $8,822,000 after buying an additional 56,677 shares in the last quarter. Dana Investment Advisors Inc. lifted its position in shares of SpartanNash by 16.7% in the fourth quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock valued at $6,280,000 after acquiring an additional 48,987 shares in the last quarter. Dean Investment Associates LLC lifted its position in shares of SpartanNash by 54.2% in the third quarter. Dean Investment Associates LLC now owns 188,335 shares of the company's stock valued at $4,221,000 after acquiring an additional 66,178 shares in the last quarter. Foundry Partners LLC boosted its stake in shares of SpartanNash by 16.5% in the third quarter. Foundry Partners LLC now owns 186,680 shares of the company's stock worth $4,183,000 after acquiring an additional 26,375 shares during the period. Finally, Empowered Funds LLC grew its position in shares of SpartanNash by 5.1% during the fourth quarter. Empowered Funds LLC now owns 178,347 shares of the company's stock worth $3,267,000 after purchasing an additional 8,652 shares in the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.
SpartanNash Price Performance
Shares of SPTN stock traded down $0.07 during trading hours on Monday, hitting $19.55. The stock had a trading volume of 210,234 shares, compared to its average volume of 245,657. 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 stock has a market capitalization of $660.11 million, a price-to-earnings ratio of -1,955.00 and a beta of 0.34. SpartanNash has a one year low of $17.30 and a one year high of $23.00. The stock's 50-day moving average price is $19.25 and its two-hundred day moving average price is $19.83.
SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.09. During the same period in the prior year, the company posted $0.35 earnings per share. Equities analysts forecast that SpartanNash will post 1.79 EPS for the current year.
SpartanNash Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be paid a $0.22 dividend. This is a boost from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Friday, March 21st. SpartanNash's dividend payout ratio (DPR) is presently -8,800.00%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Northcoast Research cut SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target on the stock. in a report on Wednesday, February 19th. StockNews.com raised shares of SpartanNash from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th.
View Our Latest Analysis on SPTN
SpartanNash Company Profile
(
Free Report)
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.
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