SpartanNash (NASDAQ:SPTN) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in SpartanNash (NASDAQ:SPTN) by 60.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,034 shares of the company’s stock after purchasing an additional 23,002 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.18% of SpartanNash worth $1,401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPTN. Nisa Investment Advisors LLC lifted its stake in shares of SpartanNash by 78.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,032 shares of the company’s stock worth $70,000 after buying an additional 1,332 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of SpartanNash by 1.0% during the 4th quarter. New York State Teachers Retirement System now owns 77,481 shares of the company’s stock worth $1,778,000 after purchasing an additional 755 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of SpartanNash by 89.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 446,278 shares of the company’s stock worth $10,242,000 after purchasing an additional 210,454 shares during the last quarter. Legato Capital Management LLC grew its position in shares of SpartanNash by 81.2% in the fourth quarter. Legato Capital Management LLC now owns 46,874 shares of the company’s stock valued at $1,076,000 after purchasing an additional 21,011 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in SpartanNash by 40.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 26,029 shares of the company’s stock worth $597,000 after buying an additional 7,461 shares in the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

SpartanNash Trading Down 1.2 %

Shares of SpartanNash stock opened at $19.43 on Tuesday. SpartanNash has a fifty-two week low of $18.57 and a fifty-two week high of $24.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 1.63. The firm has a market capitalization of $669.75 million, a price-to-earnings ratio of 12.95 and a beta of 0.52. The stock has a 50 day moving average of $20.10 and a 200 day moving average of $21.79.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). SpartanNash had a return on equity of 9.86% and a net margin of 0.54%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the business posted $0.28 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, research analysts predict that SpartanNash will post 1.93 earnings per share for the current year.

SpartanNash Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.2175 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.87 dividend on an annualized basis 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 (DPR) is presently 58.00%.

Insider Activity 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 transaction of $326,149.76. Following the transaction, the director now directly owns 15,248 shares in the company, valued at $302,520.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SPTN shares. StockNews.com downgraded SpartanNash from a “buy” rating to a “hold” rating in a research note on Monday, February 19th. TheStreet upgraded shares of SpartanNash from a “c+” rating to a “b” rating in a report on Thursday, February 15th.

SpartanNash Company Profile

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.