Blue Trust Inc. increased its position in SpartanNash (NASDAQ:SPTN – Free Report) by 308.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,531 shares of the company’s stock after buying an additional 5,689 shares during the period. Blue Trust Inc.’s holdings in SpartanNash were worth $169,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC acquired a new position in shares of SpartanNash in the first quarter valued at approximately $30,000. nVerses Capital LLC acquired a new position in shares of SpartanNash in the second quarter valued at approximately $30,000. Canada Pension Plan Investment Board acquired a new position in shares of SpartanNash in the second quarter valued at approximately $34,000. GAMMA Investing LLC raised its position in shares of SpartanNash by 114.4% in the second quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock valued at $45,000 after buying an additional 1,270 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of SpartanNash in the second quarter valued at approximately $79,000. Institutional investors and hedge funds own 84.59% of the company’s stock.
SpartanNash Price Performance
SpartanNash stock opened at $21.15 on Friday. SpartanNash has a 1 year low of $17.74 and a 1 year high of $24.51. The firm has a 50 day moving average price of $21.71 and a 200 day moving average price of $20.30. The company has a market cap of $713.60 million, a price-to-earnings ratio of 15.90 and a beta of 0.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.62.
SpartanNash Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 23rd were issued a $0.218 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.87 dividend on an annualized basis and a yield of 4.12%. SpartanNash’s payout ratio is 65.41%.
Analyst Ratings Changes
Separately, StockNews.com raised shares of SpartanNash from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th.
View Our Latest Stock Report on SpartanNash
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.
Read More
- Five stocks we like better than SpartanNash
- Top Stocks Investing in 5G Technology
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Stock Analyst Ratings and Canadian Analyst Ratings
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- With Risk Tolerance, One Size Does Not Fit All
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for SpartanNash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SpartanNash and related companies with MarketBeat.com's FREE daily email newsletter.