67,588 Shares in SpartanNash (NASDAQ:SPTN) Purchased by TrueMark Investments LLC

TrueMark Investments LLC acquired a new stake in shares of SpartanNash (NASDAQ:SPTN) in the fourth quarter, HoldingsChannel reports. The fund acquired 67,588 shares of the company’s stock, valued at approximately $1,238,000.

A number of other hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. boosted its stake in shares of SpartanNash by 14.2% during the 4th quarter. American Century Companies Inc. now owns 1,042,192 shares of the company’s stock valued at $19,093,000 after buying an additional 129,907 shares during the last quarter. AMH Equity Ltd boosted its stake 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 acquiring an additional 95,000 shares during the last quarter. Dean Investment Associates LLC boosted its stake in SpartanNash by 54.2% during the 3rd quarter. Dean Investment Associates LLC now owns 188,335 shares of the company’s stock valued at $4,221,000 after acquiring an additional 66,178 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in SpartanNash by 28.3% during the 4th quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company’s stock worth $5,013,000 after acquiring an additional 60,401 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of SpartanNash by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,250,372 shares of the company’s stock worth $59,547,000 after purchasing an additional 57,458 shares during the last quarter. Institutional investors and hedge funds own 84.59% of the company’s stock.

SpartanNash Stock Down 1.0 %

Shares of NASDAQ:SPTN opened at $19.36 on Wednesday. The company’s fifty day moving average is $19.32 and its two-hundred day moving average is $19.80. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. SpartanNash has a 1-year low of $17.30 and a 1-year high of $23.00. The stock has a market capitalization of $653.69 million, a price-to-earnings ratio of -1,936.00 and a beta of 0.34.

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

SpartanNash Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be given a dividend of $0.22 per share. The ex-dividend date is Friday, March 21st. This represents a $0.88 dividend on an annualized basis and a yield of 4.55%. This is a positive change from SpartanNash’s previous quarterly dividend of $0.22. SpartanNash’s payout ratio is currently -8,800.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SPTN shares. StockNews.com cut 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 target price on the stock. 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.