WINTON GROUP Ltd Takes $236,000 Position in SpartanNash (NASDAQ:SPTN)

WINTON GROUP Ltd bought a new stake in SpartanNash (NASDAQ:SPTN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,866 shares of the company's stock, valued at approximately $236,000.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in SpartanNash by 3,585.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock valued at $32,000 after buying an additional 1,685 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in SpartanNash during the 4th quarter valued at approximately $132,000. 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 buying an additional 3,541 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of SpartanNash in the 3rd quarter worth about $211,000. Finally, Ieq Capital LLC acquired a new position in SpartanNash in the fourth quarter valued at approximately $231,000. 84.59% of the stock is currently owned by institutional investors and hedge funds.

SpartanNash Stock Performance

Shares of SPTN traded down $0.12 during mid-day trading on Wednesday, hitting $20.58. The stock had a trading volume of 183,934 shares, compared to its average volume of 260,768. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78. The business has a fifty day moving average price of $19.52 and a 200-day moving average price of $19.75. The firm has a market cap of $694.88 million, a P/E ratio of -2,058.00 and a beta of 0.34.

Remove Ads

SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its 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. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, equities research analysts expect that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 4.28%. SpartanNash's dividend payout ratio is currently -8,800.00%.

Wall Street Analysts Forecast Growth

SPTN has been the topic of several research reports. StockNews.com lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Northcoast Research lowered shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. 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.