Harbor Capital Advisors Inc. Has $366,000 Holdings in SpartanNash (NASDAQ:SPTN)

Harbor Capital Advisors Inc. lifted its holdings in shares of SpartanNash (NASDAQ:SPTN) by 20.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,005 shares of the company’s stock after buying an additional 3,356 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.06% of SpartanNash worth $366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE grew its holdings in SpartanNash by 3.6% during the 3rd quarter. US Bancorp DE now owns 16,816 shares of the company’s stock worth $377,000 after acquiring an additional 587 shares during the period. Creative Planning boosted its position in shares of SpartanNash by 5.7% in the 3rd quarter. Creative Planning now owns 13,165 shares of the company’s stock worth $295,000 after purchasing an additional 708 shares during the last quarter. Signaturefd LLC grew 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 worth $40,000 after purchasing an additional 709 shares during the period. Martingale Asset Management L P increased its holdings in SpartanNash by 2.2% in the third quarter. Martingale Asset Management L P now owns 48,114 shares of the company’s stock valued at $1,078,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in SpartanNash by 6.1% in the second quarter. Inspire Investing LLC now owns 18,792 shares of the company’s stock valued at $353,000 after buying an additional 1,082 shares during the period. 84.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

SpartanNash Price Performance

SPTN opened at $17.84 on Wednesday. The stock has a market cap of $602.19 million, a P/E ratio of 13.41 and a beta of 0.35. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00. The company has a quick ratio of 0.83, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. The company has a fifty day simple moving average of $18.74 and a 200 day simple moving average of $20.11.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.24 billion. During the same quarter last year, the firm posted $0.54 earnings per share. SpartanNash’s revenue was down .6% compared to the same quarter last year. On average, research analysts expect that SpartanNash will post 1.88 EPS for the current year.

SpartanNash Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Monday, December 9th. SpartanNash’s dividend payout ratio is 65.41%.

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.