Yousif Capital Management LLC Purchases 768 Shares of SpartanNash (NASDAQ:SPTN)

Yousif Capital Management LLC boosted its position in SpartanNash (NASDAQ:SPTN) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,696 shares of the company’s stock after acquiring an additional 768 shares during the quarter. Yousif Capital Management LLC’s holdings in SpartanNash were worth $251,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in shares of SpartanNash by 3,585.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock valued at $32,000 after purchasing an additional 1,685 shares during the last quarter. Signaturefd LLC boosted its position in SpartanNash by 64.9% in 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. GAMMA Investing LLC boosted its position in SpartanNash by 90.3% in the fourth quarter. GAMMA Investing LLC now owns 7,461 shares of the company’s stock valued at $137,000 after buying an additional 3,541 shares in the last quarter. Blue Trust Inc. grew its stake in shares of SpartanNash by 308.8% during the third quarter. Blue Trust Inc. now owns 7,531 shares of the company’s stock worth $169,000 after buying an additional 5,689 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of SpartanNash during the third quarter worth $211,000. 84.59% of the stock is currently owned by institutional investors and hedge funds.

SpartanNash Price Performance

Shares of NASDAQ:SPTN opened at $20.33 on Tuesday. The firm has a market cap of $686.34 million, a PE ratio of 15.29 and a beta of 0.34. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00. The firm’s fifty day moving average is $18.64 and its 200-day moving average is $19.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.83 and a current ratio of 1.62.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. During the same quarter in the prior year, the firm posted $0.35 EPS. Sell-side analysts predict that SpartanNash will post 1.88 earnings per share for the current year.

SpartanNash Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend was Monday, December 9th. SpartanNash’s dividend payout ratio is presently 65.41%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Thursday, January 30th.

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.