TrueMark Investments LLC Acquires New Shares in SpartanNash (NASDAQ:SPTN)

TrueMark Investments LLC purchased a new position in SpartanNash (NASDAQ:SPTN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 67,588 shares of the company's stock, valued at approximately $1,238,000. TrueMark Investments LLC owned 0.20% of SpartanNash at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its stake in shares of SpartanNash by 3,585.1% during the 4th 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 during the period. KLP Kapitalforvaltning AS acquired a new position in SpartanNash during the fourth quarter worth $132,000. GAMMA Investing LLC raised its position 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 acquiring an additional 3,541 shares during the period. Franklin Resources Inc. purchased a new position in SpartanNash during the third quarter valued at $211,000. Finally, Verition Fund Management LLC acquired a new stake in shares of SpartanNash in the third quarter valued at about $244,000. Hedge funds and other institutional investors own 84.59% of the company's stock.

SpartanNash Price Performance

Shares of SpartanNash stock traded down $0.02 during trading hours on Friday, reaching $20.03. 142,642 shares of the company's stock were exchanged, compared to its average volume of 261,059. The business has a fifty day moving average of $19.43 and a two-hundred day moving average of $19.77. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $676.31 million, a P/E ratio of -2,003.00 and a beta of 0.34. SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00.

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

SpartanNash Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be issued a $0.22 dividend. This is a boost from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 4.39%. The ex-dividend date is Friday, March 21st. SpartanNash's dividend payout ratio is presently -8,800.00%.

Analyst Upgrades and Downgrades

SPTN has been the topic of a number of research reports. StockNews.com lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a research note on Wednesday. Northcoast Research cut SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price for the company. in a report 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.