SpartanNash (NASDAQ:SPTN) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. cut its holdings in shares of SpartanNash (NASDAQ:SPTN) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,649 shares of the company’s stock after selling 799 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in SpartanNash were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SageView Advisory Group LLC purchased a new stake in SpartanNash in the first quarter valued at approximately $789,000. Commonwealth Equity Services LLC boosted its holdings in shares of SpartanNash by 3.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 33,323 shares of the company’s stock valued at $673,000 after purchasing an additional 1,241 shares during the last quarter. American Century Companies Inc. grew its stake in shares of SpartanNash by 20.0% during the 2nd quarter. American Century Companies Inc. now owns 744,282 shares of the company’s stock valued at $13,963,000 after buying an additional 123,952 shares during the period. Dana Investment Advisors Inc. increased its holdings in shares of SpartanNash by 14.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 328,357 shares of the company’s stock worth $6,160,000 after buying an additional 41,619 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of SpartanNash by 17.8% in the 2nd quarter. AQR Capital Management LLC now owns 197,551 shares of the company’s stock worth $3,706,000 after buying an additional 29,849 shares during the period. Hedge funds and other institutional investors own 84.59% of the company’s stock.

SpartanNash Trading Down 12.4 %

NASDAQ SPTN opened at $19.78 on Friday. The firm has a market capitalization of $667.38 million, a price-to-earnings ratio of 14.87 and a beta of 0.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.62. SpartanNash has a one year low of $17.74 and a one year high of $24.51. The company’s 50 day moving average price is $21.68 and its 200 day moving average price is $20.43.

SpartanNash (NASDAQ:SPTN) last posted its earnings results on Thursday, August 15th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business posted $0.65 EPS. The business’s quarterly revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts predict that SpartanNash will post 1.98 EPS for the current year.

SpartanNash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 23rd were given a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Monday, September 23rd. SpartanNash’s dividend payout ratio (DPR) is presently 65.41%.

Wall Street Analyst Weigh In

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

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.