Counterpoint Mutual Funds LLC Buys 3,925 Shares of SpartanNash (NASDAQ:SPTN)

Counterpoint Mutual Funds LLC raised its stake in SpartanNash (NASDAQ:SPTN) by 33.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,690 shares of the company’s stock after acquiring an additional 3,925 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in SpartanNash were worth $287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of SpartanNash in the fourth quarter worth about $948,000. HighTower Advisors LLC increased its stake in shares of SpartanNash by 26.1% in the fourth quarter. HighTower Advisors LLC now owns 21,769 shares of the company’s stock valued at $399,000 after buying an additional 4,507 shares during the period. Amundi increased its stake in shares of SpartanNash by 144.2% in the fourth quarter. Amundi now owns 17,250 shares of the company’s stock valued at $311,000 after buying an additional 10,186 shares during the period. Raymond James Financial Inc. acquired a new position in shares of SpartanNash in the fourth quarter valued at approximately $319,000. Finally, Dana Investment Advisors Inc. increased its stake in shares of SpartanNash by 16.7% in the fourth quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company’s stock valued at $6,280,000 after buying an additional 48,987 shares during the period. Institutional investors own 84.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on SPTN shares. Northcoast Research downgraded 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. StockNews.com raised SpartanNash from a “hold” rating to a “buy” rating in a research note on Tuesday.

SpartanNash Stock Performance

NASDAQ:SPTN opened at $20.37 on Wednesday. The company has a market capitalization of $687.79 million, a PE ratio of -2,037.00 and a beta of 0.34. The company has a 50 day simple moving average of $19.12 and a two-hundred day simple moving average of $19.88. 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 fifty-two week low of $17.30 and a fifty-two week high of $23.00.

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

SpartanNash Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.32%. This is a boost from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 21st. SpartanNash’s dividend payout ratio is presently -8,800.00%.

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.