Gladius Capital Management LP Sells 10,404 Shares of SpartanNash (NASDAQ:SPTN)

Gladius Capital Management LP lowered its holdings in shares of SpartanNash (NASDAQ:SPTN) by 87.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,517 shares of the company’s stock after selling 10,404 shares during the period. Gladius Capital Management LP’s holdings in SpartanNash were worth $34,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. nVerses Capital LLC bought a new position in SpartanNash in the second quarter valued at about $30,000. Canada Pension Plan Investment Board acquired a new stake in shares of SpartanNash in the 2nd quarter valued at approximately $34,000. Blue Trust Inc. grew its holdings in shares of SpartanNash by 5,317.6% during the 2nd quarter. Blue Trust Inc. now owns 1,842 shares of the company’s stock valued at $37,000 after purchasing an additional 1,808 shares during the last quarter. Signaturefd LLC increased its position in SpartanNash by 64.9% during the 3rd quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock worth $40,000 after purchasing an additional 709 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in SpartanNash by 114.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock valued at $45,000 after purchasing an additional 1,270 shares during the last quarter. 84.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

SpartanNash Stock Up 0.3 %

Shares of NASDAQ:SPTN opened at $18.07 on Friday. The firm has a market cap of $610.04 million, a P/E ratio of 13.59 and a beta of 0.39. SpartanNash has a 12-month low of $17.74 and a 12-month high of $24.51. The business has a fifty day simple moving average of $21.22 and a 200 day simple moving average of $20.39. The company has a quick ratio of 0.83, a current ratio of 1.62 and a debt-to-equity ratio of 0.80.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. Analysts predict that SpartanNash will post 1.88 earnings per share for the current year.

SpartanNash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 23rd were issued a $0.218 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.87 dividend on an annualized basis and a yield of 4.83%. SpartanNash’s payout ratio is currently 65.41%.

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.