EMC Capital Management Sells 9,576 Shares of SpartanNash (NASDAQ:SPTN)

EMC Capital Management cut its holdings in shares of SpartanNash (NASDAQ:SPTN) by 63.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,604 shares of the company’s stock after selling 9,576 shares during the period. EMC Capital Management’s holdings in SpartanNash were worth $103,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SPTN. Nisa Investment Advisors LLC grew its stake in SpartanNash by 3,585.1% in the fourth 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 grew its holdings in SpartanNash by 64.9% in the third quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock worth $40,000 after purchasing an additional 709 shares during the last quarter. GAMMA Investing LLC increased its position in SpartanNash by 64.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,920 shares of the company’s stock valued at $88,000 after buying an additional 1,540 shares in the last quarter. Blue Trust Inc. increased its stake in SpartanNash by 308.8% during the 3rd quarter. Blue Trust Inc. now owns 7,531 shares of the company’s stock valued at $169,000 after purchasing an additional 5,689 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in SpartanNash in the 3rd quarter worth $211,000. Institutional investors own 84.59% of the company’s stock.

SpartanNash Stock Down 1.2 %

Shares of NASDAQ:SPTN opened at $18.23 on Friday. The business has a fifty day moving average of $18.56 and a two-hundred day moving average of $20.07. The company has a quick ratio of 0.83, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. The stock has a market cap of $615.35 million, a P/E ratio of 13.71 and a beta of 0.35. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00.

SpartanNash (NASDAQ:SPTN) last released its earnings results on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the company posted $0.54 EPS. SpartanNash’s revenue was down .6% compared to the same quarter last year. On average, research analysts expect that SpartanNash will post 1.88 earnings per share for the current year.

SpartanNash Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend was Monday, December 9th. SpartanNash’s payout ratio is 65.41%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut SpartanNash from a “buy” rating to a “hold” rating in a report on Thursday.

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.