Charles Schwab Investment Management Inc. Has $6.61 Million Stake in SpartanNash (NASDAQ:SPTN)

Charles Schwab Investment Management Inc. lessened its holdings in SpartanNash (NASDAQ:SPTN - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,661 shares of the company's stock after selling 59,970 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.07% of SpartanNash worth $6,607,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AMH Equity Ltd boosted its position in SpartanNash by 316.7% during the 4th quarter. AMH Equity Ltd now owns 125,000 shares of the company's stock valued at $2,290,000 after purchasing an additional 95,000 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of SpartanNash by 13.3% during the fourth quarter. Bank of New York Mellon Corp now owns 481,538 shares of the company's stock valued at $8,822,000 after acquiring an additional 56,677 shares during the period. Ieq Capital LLC bought a new position in shares of SpartanNash during the fourth quarter worth about $231,000. Principal Financial Group Inc. increased its holdings in shares of SpartanNash by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 163,673 shares of the company's stock worth $2,998,000 after acquiring an additional 4,596 shares during the period. Finally, Empowered Funds LLC lifted its position in SpartanNash by 5.1% in the 4th quarter. Empowered Funds LLC now owns 178,347 shares of the company's stock valued at $3,267,000 after purchasing an additional 8,652 shares during the last quarter. Institutional investors own 84.59% of the company's stock.

Remove Ads

SpartanNash Price Performance

Shares of NASDAQ SPTN traded up $0.20 during trading on Thursday, hitting $20.11. The company had a trading volume of 31,978 shares, compared to its average volume of 245,284. The company has a market cap of $678.85 million, a P/E ratio of -2,010.40 and a beta of 0.34. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. The business's 50-day moving average is $19.35 and its 200 day moving average is $19.80. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00.

SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same period last year, the company posted $0.35 EPS. Equities research analysts predict that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The business 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 represents a $0.88 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change from SpartanNash's previous quarterly dividend of $0.22. SpartanNash's dividend payout ratio is currently -8,800.00%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SPTN. StockNews.com lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Wednesday. Northcoast Research downgraded SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective on the stock. in a research note on Wednesday, February 19th.

About SpartanNash

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.