SpartanNash (NASDAQ:SPTN) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC reduced its holdings in SpartanNash (NASDAQ:SPTN - Free Report) by 75.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,771 shares of the company's stock after selling 55,998 shares during the period. Legato Capital Management LLC owned approximately 0.05% of SpartanNash worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its stake in shares of SpartanNash by 3,585.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock worth $32,000 after buying an additional 1,685 shares in 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 buying an additional 709 shares in the last quarter. GAMMA Investing LLC raised its stake in SpartanNash by 90.3% during the fourth quarter. GAMMA Investing LLC now owns 7,461 shares of the company's stock worth $137,000 after purchasing an additional 3,541 shares during the period. Blue Trust Inc. raised its stake in SpartanNash by 308.8% during the third quarter. Blue Trust Inc. now owns 7,531 shares of the company's stock worth $169,000 after purchasing an additional 5,689 shares during the period. Finally, Franklin Resources Inc. purchased a new position in SpartanNash during the third quarter worth about $211,000. 84.59% of the stock is owned by hedge funds and other institutional investors.

SpartanNash Trading Down 2.2 %

SPTN stock traded down $0.45 during trading on Tuesday, reaching $19.89. 114,882 shares of the stock were exchanged, compared to its average volume of 264,608. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80. The business has a 50 day moving average price of $18.64 and a 200-day moving average price of $19.98. SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00. The firm has a market capitalization of $671.22 million, a price-to-earnings ratio of 14.93 and a beta of 0.34.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. During the same period in the prior year, the business posted $0.35 EPS. On average, research analysts predict that SpartanNash will post 1.88 earnings per share for the current year.

SpartanNash Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Monday, December 9th. SpartanNash's dividend payout ratio (DPR) is -8,700.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of SpartanNash from a "buy" rating to a "hold" rating in a research note on Thursday, January 30th.

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.