Segall Bryant & Hamill LLC Purchases New Position in SpartanNash (NASDAQ:SPTN)

Segall Bryant & Hamill LLC acquired a new position in SpartanNash (NASDAQ:SPTN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 80,412 shares of the company’s stock, valued at approximately $1,802,000.

Several other hedge funds have also modified their holdings of SPTN. nVerses Capital LLC bought a new stake in SpartanNash in the second quarter worth $30,000. Canada Pension Plan Investment Board purchased a new position in shares of SpartanNash in the 2nd quarter worth $34,000. Signaturefd LLC increased its holdings in shares of SpartanNash by 64.9% in the 3rd quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock worth $40,000 after buying an additional 709 shares during the last quarter. Blue Trust Inc. raised its position in shares of SpartanNash by 5,317.6% during the 2nd quarter. Blue Trust Inc. now owns 1,842 shares of the company’s stock valued at $37,000 after buying an additional 1,808 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of SpartanNash by 114.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock valued at $45,000 after acquiring an additional 1,270 shares during the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.

SpartanNash Price Performance

SPTN stock opened at $18.76 on Friday. The stock has a market cap of $633.34 million, a PE ratio of 14.11 and a beta of 0.39. SpartanNash has a 12 month low of $17.74 and a 12 month high of $24.51. The company has a 50-day moving average price of $20.90 and a 200 day moving average price of $20.35. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Thursday, November 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts anticipate that SpartanNash will post 1.88 earnings per share for the current year.

SpartanNash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 23rd were given a $0.218 dividend. This represents a $0.87 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend was Monday, September 23rd. SpartanNash’s dividend payout ratio (DPR) is presently 65.41%.

Analyst Ratings Changes

Separately, StockNews.com lowered SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

SpartanNash 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.