Dean Investment Associates LLC Has $4.22 Million Position in SpartanNash (NASDAQ:SPTN)

Dean Investment Associates LLC raised its position in SpartanNash (NASDAQ:SPTN - Free Report) by 54.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,335 shares of the company's stock after buying an additional 66,178 shares during the period. Dean Investment Associates LLC owned 0.56% of SpartanNash worth $4,221,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of SpartanNash by 20.0% in the second quarter. American Century Companies Inc. now owns 744,282 shares of the company's stock valued at $13,963,000 after buying an additional 123,952 shares in the last quarter. Dana Investment Advisors Inc. grew its holdings in SpartanNash by 14.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 328,357 shares of the company's stock worth $6,160,000 after acquiring an additional 41,619 shares during the last quarter. Ellsworth Advisors LLC increased its position in SpartanNash by 0.8% in the 3rd quarter. Ellsworth Advisors LLC now owns 223,742 shares of the company's stock valued at $5,014,000 after acquiring an additional 1,803 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of SpartanNash by 17.8% in the second quarter. AQR Capital Management LLC now owns 197,551 shares of the company's stock worth $3,706,000 after acquiring an additional 29,849 shares during the last quarter. Finally, Foundry Partners LLC raised 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 last quarter. 84.59% of the stock is owned by institutional investors.

SpartanNash Trading Down 2.7 %

Shares of SPTN traded down $0.51 during trading hours on Friday, hitting $18.63. 194,874 shares of the stock traded hands, compared to its average volume of 274,521. The business has a fifty day moving average of $20.31 and a 200-day moving average of $20.25. The firm has a market capitalization of $628.95 million, a PE ratio of 14.01 and a beta of 0.35. SpartanNash has a 1-year low of $17.74 and a 1-year high of $24.51. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80.

SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $2.24 billion. During the same period in the prior year, the business posted $0.54 earnings per share. SpartanNash's quarterly revenue was down .6% on a year-over-year basis. Analysts expect that SpartanNash will post 1.88 EPS for the current year.

SpartanNash Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.2175 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.87 annualized dividend and a yield of 4.67%. SpartanNash's payout ratio is 65.41%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a 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.