WINTON GROUP Ltd Takes $236,000 Position in SpartanNash (NASDAQ:SPTN)

WINTON GROUP Ltd acquired a new position in shares of SpartanNash (NASDAQ:SPTN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,866 shares of the company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in shares of SpartanNash by 3,585.1% in 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 period. KLP Kapitalforvaltning AS acquired a new stake in shares of SpartanNash during the 4th quarter worth approximately $132,000. GAMMA Investing LLC increased its stake in shares of SpartanNash by 90.3% in the 4th quarter. GAMMA Investing LLC now owns 7,461 shares of the company’s stock valued at $137,000 after acquiring an additional 3,541 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of SpartanNash during the 3rd quarter valued at $211,000. Finally, Ieq Capital LLC bought a new position in SpartanNash during the fourth quarter worth $231,000. Institutional investors and hedge funds own 84.59% of the company’s stock.

SpartanNash Stock Down 0.1 %

SpartanNash stock opened at $20.03 on Monday. SpartanNash has a fifty-two week low of $17.30 and a fifty-two week high of $23.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. The firm’s 50-day simple moving average is $19.43 and its 200 day simple moving average is $19.77. The stock has a market cap of $676.31 million, a PE ratio of -2,003.00 and a beta of 0.34.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. During the same period in the previous year, the company posted $0.35 earnings per share. Research analysts predict that SpartanNash will post 1.79 EPS for the current fiscal year.

SpartanNash Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be issued a $0.22 dividend. This is an increase from SpartanNash’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date is Friday, March 21st. SpartanNash’s payout ratio is -8,800.00%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPTN. Northcoast Research lowered shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a report on Wednesday, February 19th. StockNews.com lowered SpartanNash from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th.

SpartanNash 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.