Intech Investment Management LLC Has $465,000 Holdings in SpartanNash (NASDAQ:SPTN)

Intech Investment Management LLC grew its position in shares of SpartanNash (NASDAQ:SPTN) by 64.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,769 shares of the company’s stock after buying an additional 8,125 shares during the quarter. Intech Investment Management LLC owned approximately 0.06% of SpartanNash worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in SPTN. US Bancorp DE grew its position in SpartanNash by 3.6% in the third quarter. US Bancorp DE now owns 16,816 shares of the company’s stock worth $377,000 after acquiring an additional 587 shares in the last quarter. Creative Planning increased its position in SpartanNash by 5.7% during the third quarter. Creative Planning now owns 13,165 shares of the company’s stock worth $295,000 after buying an additional 708 shares during the last quarter. Signaturefd LLC raised its holdings in 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 buying an additional 709 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in SpartanNash by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 34,421 shares of the company’s stock valued at $646,000 after buying an additional 752 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of SpartanNash by 6.1% in the second quarter. Inspire Investing LLC now owns 18,792 shares of the company’s stock worth $353,000 after buying an additional 1,082 shares during the last quarter. Institutional investors own 84.59% of the company’s stock.

Wall Street Analyst Weigh In

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

SpartanNash Stock Performance

NASDAQ:SPTN opened at $19.13 on Tuesday. The firm has a market capitalization of $645.73 million, a PE ratio of 14.38 and a beta of 0.39. SpartanNash has a 1 year low of $17.74 and a 1 year high of $24.51. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80. The firm’s fifty day simple moving average is $20.56 and its 200 day simple moving average is $20.29.

SpartanNash (NASDAQ:SPTN) last issued its quarterly 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 company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the business posted $0.54 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that SpartanNash will post 1.88 EPS for the current year.

SpartanNash Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Monday, December 9th. SpartanNash’s dividend payout ratio is currently 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.