SpartanNash (NASDAQ:SPTN) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC lifted its holdings in shares of SpartanNash (NASDAQ:SPTN) by 25.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,760 shares of the company’s stock after buying an additional 22,120 shares during the period. Foundry Partners LLC’s holdings in SpartanNash were worth $2,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPTN. Smith Graham & Co. Investment Advisors LP acquired a new position in shares of SpartanNash during the third quarter worth approximately $5,159,000. Assenagon Asset Management S.A. boosted its position in shares of SpartanNash by 89.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 446,278 shares of the company’s stock worth $10,242,000 after buying an additional 210,454 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of SpartanNash by 348.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 224,350 shares of the company’s stock worth $4,936,000 after buying an additional 174,366 shares during the period. Phocas Financial Corp. boosted its position in shares of SpartanNash by 162.4% during the fourth quarter. Phocas Financial Corp. now owns 241,986 shares of the company’s stock worth $5,554,000 after buying an additional 149,750 shares during the period. Finally, Invesco Ltd. raised its holdings in SpartanNash by 21.8% during the third quarter. Invesco Ltd. now owns 832,250 shares of the company’s stock worth $18,310,000 after purchasing an additional 149,078 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

SpartanNash Price Performance

Shares of NASDAQ:SPTN opened at $19.43 on Tuesday. SpartanNash has a 12 month low of $18.57 and a 12 month high of $24.97. The stock has a market cap of $669.75 million, a price-to-earnings ratio of 12.95 and a beta of 0.52. The stock’s 50 day moving average price is $20.10 and its 200 day moving average price is $21.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.63 and a quick ratio of 0.76.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. SpartanNash had a net margin of 0.54% and a return on equity of 9.86%. SpartanNash’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. Equities research analysts anticipate that SpartanNash will post 1.93 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.2175 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.87 annualized dividend and a dividend yield of 4.48%. This is a boost from SpartanNash’s previous quarterly dividend of $0.14. SpartanNash’s dividend payout ratio is currently 58.00%.

Insider Buying and Selling at SpartanNash

In other SpartanNash news, Director William R. Voss sold 16,439 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $19.84, for a total value of $326,149.76. Following the transaction, the director now owns 15,248 shares of the company’s stock, valued at $302,520.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. TheStreet raised SpartanNash from a “c+” rating to a “b” rating in a report on Thursday, February 15th. StockNews.com cut SpartanNash from a “buy” rating to a “hold” rating in a report on Monday, February 19th.

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.