Signaturefd LLC Purchases 709 Shares of SpartanNash (NASDAQ:SPTN)

Signaturefd LLC raised its holdings in SpartanNash (NASDAQ:SPTN) by 64.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,801 shares of the company’s stock after buying an additional 709 shares during the quarter. Signaturefd LLC’s holdings in SpartanNash were worth $40,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its position in SpartanNash by 56.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 95,418 shares of the company’s stock valued at $1,928,000 after buying an additional 34,384 shares during the last quarter. Commonwealth Equity Services LLC raised its position in SpartanNash by 3.9% during the first quarter. Commonwealth Equity Services LLC now owns 33,323 shares of the company’s stock worth $673,000 after acquiring an additional 1,241 shares during the period. BNP Paribas Financial Markets lifted its stake in SpartanNash by 14.0% in the 1st quarter. BNP Paribas Financial Markets now owns 41,642 shares of the company’s stock valued at $842,000 after buying an additional 5,110 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of SpartanNash during the first quarter worth approximately $30,000. Finally, Quantbot Technologies LP raised its position in shares of SpartanNash by 351.6% in the first quarter. Quantbot Technologies LP now owns 16,805 shares of the company’s stock valued at $340,000 after buying an additional 13,084 shares during the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded SpartanNash from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th.

SpartanNash Trading Down 0.1 %

Shares of NASDAQ SPTN opened at $21.16 on Thursday. The stock has a fifty day simple moving average of $21.70 and a 200-day simple moving average of $20.34. SpartanNash has a twelve month low of $17.74 and a twelve month high of $24.51. The company has a current ratio of 1.62, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $713.94 million, a PE ratio of 15.91 and a beta of 0.39.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The business 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 company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. On average, equities analysts forecast that SpartanNash will post 1.98 earnings per share for the current year.

SpartanNash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 23rd were issued a $0.218 dividend. This represents a $0.87 annualized dividend and a yield of 4.12%. The ex-dividend date was Monday, September 23rd. SpartanNash’s dividend payout ratio (DPR) is presently 65.41%.

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.