Dimensional Fund Advisors LP Sells 154,735 Shares of SpartanNash (NASDAQ:SPTN)

Dimensional Fund Advisors LP trimmed its position in shares of SpartanNash (NASDAQ:SPTN) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,583,564 shares of the company’s stock after selling 154,735 shares during the period. Dimensional Fund Advisors LP owned about 7.62% of SpartanNash worth $48,467,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SPTN. American Century Companies Inc. grew its stake in SpartanNash by 20.0% in the 2nd quarter. American Century Companies Inc. now owns 744,282 shares of the company’s stock worth $13,963,000 after acquiring an additional 123,952 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of SpartanNash by 29.6% in the 4th quarter. Allianz Asset Management GmbH now owns 183,172 shares of the company’s stock worth $4,204,000 after purchasing an additional 41,832 shares during the period. SageView Advisory Group LLC purchased a new stake in SpartanNash during the first quarter valued at approximately $789,000. Foundry Partners LLC lifted its position in SpartanNash by 31.5% during the second quarter. Foundry Partners LLC now owns 160,305 shares of the company’s stock valued at $3,007,000 after acquiring an additional 38,425 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in SpartanNash by 56.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 95,418 shares of the company’s stock valued at $1,928,000 after acquiring an additional 34,384 shares during the last quarter. 84.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

SpartanNash Trading Down 0.3 %

Shares of SpartanNash stock opened at $22.24 on Monday. The company has a current ratio of 1.62, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. SpartanNash has a 12-month low of $17.74 and a 12-month high of $24.51. The firm has a market capitalization of $750.38 million, a price-to-earnings ratio of 14.35 and a beta of 0.39. The firm’s 50 day simple moving average is $21.16 and its two-hundred day simple moving average is $20.04.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Thursday, August 15th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the business posted $0.65 EPS. SpartanNash’s revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts predict that SpartanNash will post 1.98 EPS for the current year.

SpartanNash Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 23rd will be paid a $0.218 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 3.92%. SpartanNash’s payout ratio is currently 56.13%.

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.