Inspire Investing LLC Acquires 1,082 Shares of SpartanNash (NASDAQ:SPTN)

Inspire Investing LLC grew its holdings in shares of SpartanNash (NASDAQ:SPTN) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,792 shares of the company’s stock after buying an additional 1,082 shares during the quarter. Inspire Investing LLC owned 0.06% of SpartanNash worth $353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPTN. Parallel Advisors LLC boosted its stake in SpartanNash by 58.3% during the 4th 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 last quarter. Larson Financial Group LLC bought a new position in shares of SpartanNash in the first quarter valued at approximately $30,000. nVerses Capital LLC purchased a new position in shares of SpartanNash during the second quarter valued at approximately $30,000. Blue Trust Inc. grew its holdings in 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. Finally, GAMMA Investing LLC raised its position in 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 buying an additional 1,270 shares during the last quarter. 84.59% of the stock is owned by institutional investors.

SpartanNash Stock Performance

Shares of SPTN opened at $21.66 on Monday. The stock has a 50 day moving average of $20.91 and a 200 day moving average of $19.98. The company has a market capitalization of $734.10 million, a price-to-earnings ratio of 13.97 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 current ratio of 1.62, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76.

SpartanNash (NASDAQ:SPTN) last released its earnings results on Thursday, August 15th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.27 billion. SpartanNash had a return on equity of 8.87% and a net margin of 0.48%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. As a group, sell-side analysts forecast that SpartanNash will post 1.98 earnings per share for the current year.

SpartanNash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 23rd will be given a dividend of $0.218 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Monday, September 23rd. SpartanNash’s dividend payout ratio is currently 56.13%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SPTN. BMO Capital Markets reduced their target price on shares of SpartanNash from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Friday, May 31st. StockNews.com raised shares of SpartanNash from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th.

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.