Caxton Associates LP Acquires 8,901 Shares of SpartanNash (NASDAQ:SPTN)

Caxton Associates LP grew its holdings in shares of SpartanNash (NASDAQ:SPTN) by 66.4% in the first quarter, Holdings Channel.com reports. The firm owned 22,301 shares of the company’s stock after buying an additional 8,901 shares during the period. Caxton Associates LP’s holdings in SpartanNash were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its position in shares of SpartanNash by 9.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,123 shares of the company’s stock valued at $690,000 after acquiring an additional 2,891 shares during the period. EntryPoint Capital LLC bought a new position in shares of SpartanNash in the first quarter valued at approximately $160,000. Vanguard Group Inc. boosted its position in shares of SpartanNash by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,123,088 shares of the company’s stock valued at $63,118,000 after acquiring an additional 20,262 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of SpartanNash by 15.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,406 shares of the company’s stock valued at $584,000 after acquiring an additional 3,897 shares during the period. Finally, SageView Advisory Group LLC bought a new position in shares of SpartanNash in the first quarter valued at approximately $789,000. Institutional investors own 84.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets cut their price objective on shares of SpartanNash from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, May 31st.

SpartanNash Trading Up 2.6 %

Shares of SPTN opened at $21.34 on Wednesday. The firm’s 50 day simple moving average is $19.34 and its 200 day simple moving average is $20.15. The company has a market capitalization of $723.21 million, a P/E ratio of 13.77 and a beta of 0.41. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.75 and a quick ratio of 0.84. SpartanNash has a 1-year low of $17.74 and a 1-year high of $24.51.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Thursday, May 30th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.86 billion. SpartanNash had a net margin of 0.56% and a return on equity of 9.22%. SpartanNash’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.64 earnings per share. Sell-side analysts forecast that SpartanNash will post 1.96 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.218 per share. The ex-dividend date of this dividend was Friday, June 14th. This is an increase from SpartanNash’s previous quarterly dividend of $0.22. This represents a $0.87 annualized dividend and a dividend yield of 4.09%. SpartanNash’s dividend payout ratio (DPR) is 56.13%.

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.