SpartanNash (NASDAQ:SPTN) Shares Sold by Semanteon Capital Management LP

Semanteon Capital Management LP trimmed its position in SpartanNash (NASDAQ:SPTN) by 23.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,905 shares of the company’s stock after selling 4,625 shares during the quarter. Semanteon Capital Management LP’s holdings in SpartanNash were worth $273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its holdings in shares of SpartanNash by 28.3% in the fourth quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company’s stock worth $5,013,000 after buying an additional 60,401 shares during the period. Counterpoint Mutual Funds LLC boosted its holdings in shares of SpartanNash by 33.4% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 15,690 shares of the company’s stock worth $287,000 after buying an additional 3,925 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of SpartanNash in the fourth quarter worth about $948,000. HighTower Advisors LLC boosted its holdings in shares of SpartanNash by 26.1% in the fourth quarter. HighTower Advisors LLC now owns 21,769 shares of the company’s stock worth $399,000 after buying an additional 4,507 shares during the period. Finally, Amundi boosted its holdings in shares of SpartanNash by 144.2% in the fourth quarter. Amundi now owns 17,250 shares of the company’s stock worth $311,000 after buying an additional 10,186 shares during the period. 84.59% of the stock is currently owned by institutional investors and hedge funds.

SpartanNash Stock Performance

SPTN stock opened at $19.62 on Friday. 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 stock has a market cap of $662.47 million, a P/E ratio of -1,962.00 and a beta of 0.34. The firm has a 50 day simple moving average of $19.25 and a 200 day simple moving average of $19.87. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same quarter last year, the firm earned $0.35 EPS. Research analysts anticipate that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from SpartanNash’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 4.49%. SpartanNash’s payout ratio is -8,800.00%.

Analysts Set New Price Targets

Several brokerages have commented on SPTN. StockNews.com upgraded shares of SpartanNash from a “hold” rating to a “buy” rating in a report on Tuesday. Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a report on Wednesday, 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.