Signaturefd LLC Buys 709 Shares of SpartanNash (NASDAQ:SPTN)

Signaturefd LLC boosted its position in SpartanNash (NASDAQ:SPTN) by 64.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,801 shares of the company’s stock after purchasing an additional 709 shares during the quarter. Signaturefd LLC’s holdings in SpartanNash were worth $40,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its position in shares of 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 in the last quarter. Commonwealth Equity Services LLC lifted 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 valued at $673,000 after purchasing an additional 1,241 shares in the last quarter. BNP Paribas Financial Markets raised its stake in SpartanNash by 14.0% during the 1st quarter. BNP Paribas Financial Markets now owns 41,642 shares of the company’s stock worth $842,000 after acquiring an additional 5,110 shares during the period. Larson Financial Group LLC bought a new position in SpartanNash in the 1st quarter worth $30,000. Finally, Quantbot Technologies LP raised its stake in SpartanNash by 351.6% during the 1st quarter. Quantbot Technologies LP now owns 16,805 shares of the company’s stock valued at $340,000 after purchasing an additional 13,084 shares during the period. 84.59% of the stock is owned by hedge funds and other institutional investors.

SpartanNash Stock Performance

NASDAQ:SPTN opened at $21.16 on Thursday. SpartanNash has a fifty-two week low of $17.74 and a fifty-two week high of $24.51. The firm has a market capitalization of $713.94 million, a PE ratio of 15.91 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. The stock’s fifty day moving average is $21.70 and its 200 day moving average is $20.34.

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

SpartanNash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Monday, September 23rd. SpartanNash’s payout ratio is 65.41%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised SpartanNash from a “hold” rating to a “buy” rating in a 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.