Segall Bryant & Hamill LLC Sells 15,952 Shares of SpartanNash (NASDAQ:SPTN)

Segall Bryant & Hamill LLC trimmed its stake in SpartanNash (NASDAQ:SPTN - Free Report) by 19.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,460 shares of the company's stock after selling 15,952 shares during the quarter. Segall Bryant & Hamill LLC owned 0.19% of SpartanNash worth $1,181,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Teacher Retirement System of Texas boosted its stake in SpartanNash by 28.3% during the 4th quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company's stock valued at $5,013,000 after purchasing an additional 60,401 shares during the last quarter. Barclays PLC boosted its position in shares of SpartanNash by 120.0% during the third quarter. Barclays PLC now owns 86,412 shares of the company's stock valued at $1,936,000 after buying an additional 47,141 shares during the last quarter. Dana Investment Advisors Inc. increased its holdings in SpartanNash by 16.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock worth $6,280,000 after buying an additional 48,987 shares in the last quarter. Ieq Capital LLC purchased a new position in SpartanNash in the 4th quarter worth about $231,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in SpartanNash in the 4th quarter worth about $948,000. 84.59% of the stock is owned by hedge funds and other institutional investors.

SpartanNash Stock Performance

SpartanNash stock traded down $0.37 during midday trading on Wednesday, hitting $20.34. The stock had a trading volume of 38,462 shares, compared to its average volume of 260,208. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The company has a market capitalization of $686.61 million, a PE ratio of -2,033.50 and a beta of 0.34. The firm's fifty day moving average is $19.52 and its two-hundred day moving average is $19.75. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00.

Remove Ads

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. During the same quarter in the previous year, the firm posted $0.35 EPS. On average, research analysts forecast that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.33%. The ex-dividend date is Friday, March 21st. This is an increase from SpartanNash's previous quarterly dividend of $0.22. SpartanNash's dividend payout ratio (DPR) is -8,800.00%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPTN. StockNews.com cut SpartanNash from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Northcoast Research downgraded shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target on the stock. in a research report on Wednesday, February 19th.

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.