State of Alaska Department of Revenue Has $431,000 Stock Holdings in SpartanNash (NASDAQ:SPTN)

State of Alaska Department of Revenue lowered its stake in SpartanNash (NASDAQ:SPTN) by 4.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,257 shares of the company’s stock after selling 978 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of SpartanNash worth $431,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. nVerses Capital LLC bought a new stake in SpartanNash during the 2nd quarter worth $30,000. Canada Pension Plan Investment Board acquired a new stake in shares of SpartanNash during the second quarter valued at about $34,000. Signaturefd LLC raised its stake in shares of SpartanNash by 64.9% during the third quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock valued at $40,000 after acquiring an additional 709 shares during the last quarter. Blue Trust Inc. raised its position in shares of 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 acquiring an additional 1,808 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of SpartanNash by 114.4% in the second quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock worth $45,000 after acquiring an additional 1,270 shares during the period. 84.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Friday.

SpartanNash Price Performance

SPTN stock opened at $18.94 on Friday. The company’s 50-day moving average is $21.62 and its 200-day moving average is $20.42. The stock has a market capitalization of $639.13 million, a PE ratio of 14.24 and a beta of 0.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.62 and a quick ratio of 0.80. SpartanNash has a 1 year low of $17.74 and a 1 year high of $24.51.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.24 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. SpartanNash’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. Equities research analysts expect that SpartanNash will post 1.98 EPS for the current fiscal year.

SpartanNash Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 23rd were paid a $0.218 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.87 annualized dividend and a yield of 4.60%. SpartanNash’s dividend payout ratio (DPR) is 65.41%.

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.