SG Americas Securities LLC Takes Position in SpartanNash (NASDAQ:SPTN)

SG Americas Securities LLC purchased a new stake in SpartanNash (NASDAQ:SPTN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,501 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SageView Advisory Group LLC purchased a new position in SpartanNash during the first quarter worth about $789,000. Commonwealth Equity Services LLC grew 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 buying an additional 1,241 shares in the last quarter. American Century Companies Inc. grew its position in SpartanNash by 20.0% during the second quarter. American Century Companies Inc. now owns 744,282 shares of the company’s stock worth $13,963,000 after buying an additional 123,952 shares in the last quarter. Dana Investment Advisors Inc. grew its position in SpartanNash by 14.5% during the second 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 in the last quarter. Finally, AQR Capital Management LLC grew its position in SpartanNash by 17.8% during the second 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 in the last quarter. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

SpartanNash Price Performance

SPTN opened at $22.02 on Monday. The stock has a 50-day moving average price of $21.57 and a 200-day moving average price of $20.23. 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. The stock has a market capitalization of $746.30 million, a P/E ratio of 14.21 and a beta of 0.39.

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

SpartanNash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 23rd were paid a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Monday, September 23rd. SpartanNash’s dividend payout ratio (DPR) is presently 56.13%.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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.