Caxton Associates LP Reduces Holdings in SpartanNash (NASDAQ:SPTN)

Caxton Associates LP lowered its position in shares of SpartanNash (NASDAQ:SPTN) by 17.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,450 shares of the company’s stock after selling 3,851 shares during the period. Caxton Associates LP owned approximately 0.05% of SpartanNash worth $346,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC raised its stake in shares of SpartanNash by 58.3% during the fourth quarter. Parallel Advisors LLC now owns 1,255 shares of the company’s stock valued at $29,000 after purchasing an additional 462 shares during the period. Larson Financial Group LLC purchased a new stake in shares of SpartanNash during the first quarter valued at approximately $30,000. nVerses Capital LLC acquired a new stake in shares of SpartanNash during the second quarter worth approximately $30,000. Canada Pension Plan Investment Board acquired a new stake in shares of SpartanNash during the second quarter worth approximately $34,000. Finally, Blue Trust Inc. grew its position in shares of SpartanNash by 5,317.6% during the second quarter. Blue Trust Inc. now owns 1,842 shares of the company’s stock worth $37,000 after buying an additional 1,808 shares in the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SPTN. StockNews.com raised shares of SpartanNash from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. BMO Capital Markets decreased their price target 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 Stock Performance

SpartanNash stock opened at $22.24 on Friday. The company has a market cap of $750.38 million, a PE ratio of 14.35 and a beta of 0.39. The company has a fifty day moving average price of $21.11 and a two-hundred day moving average price of $20.03. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.62 and a quick ratio of 0.80. SpartanNash has a 12 month low of $17.74 and a 12 month high of $24.51.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Thursday, August 15th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.27 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. Research analysts expect that SpartanNash will post 1.98 earnings per share for the current year.

SpartanNash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be issued a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Monday, September 23rd. SpartanNash’s dividend payout ratio is presently 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.