Nisa Investment Advisors LLC Grows Stock Position in SpartanNash (NASDAQ:SPTN)

Nisa Investment Advisors LLC raised its position in SpartanNash (NASDAQ:SPTN) by 3,585.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,732 shares of the company’s stock after buying an additional 1,685 shares during the quarter. Nisa Investment Advisors LLC’s holdings in SpartanNash were worth $32,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted 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 purchasing an additional 709 shares during the last quarter. GAMMA Investing LLC raised its position in shares of SpartanNash by 64.7% in the third quarter. GAMMA Investing LLC now owns 3,920 shares of the company’s stock valued at $88,000 after purchasing an additional 1,540 shares during the period. Blue Trust Inc. lifted its stake in shares of SpartanNash by 308.8% during the 3rd quarter. Blue Trust Inc. now owns 7,531 shares of the company’s stock valued at $169,000 after buying an additional 5,689 shares in the last quarter. Franklin Resources Inc. bought a new position in SpartanNash in the 3rd quarter worth approximately $211,000. Finally, Verition Fund Management LLC purchased a new position in SpartanNash in the 3rd quarter valued at approximately $244,000. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded SpartanNash from a “buy” rating to a “hold” rating in a research report on Thursday.

SpartanNash Stock Down 1.2 %

SPTN stock opened at $18.23 on Friday. The stock has a 50-day simple moving average of $18.56 and a two-hundred day simple moving average of $20.07. SpartanNash has a twelve month low of $17.30 and a twelve month high of $23.00. The firm has a market capitalization of $615.44 million, a PE ratio of 13.71 and a beta of 0.35. The company has a quick ratio of 0.83, a current ratio of 1.62 and a debt-to-equity ratio of 0.80.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the company earned $0.54 earnings per share. SpartanNash’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts predict that SpartanNash will post 1.88 EPS for the current fiscal year.

SpartanNash Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were issued a $0.2175 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.87 annualized dividend and a dividend yield of 4.77%. SpartanNash’s payout ratio is currently 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.