SpartanNash (NASDAQ:SPTN) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its position in shares of SpartanNash (NASDAQ:SPTN) by 19.8% in the 4th quarter, HoldingsChannel reports. The firm owned 64,460 shares of the company’s stock after selling 15,952 shares during the period. Segall Bryant & Hamill LLC’s holdings in SpartanNash were worth $1,181,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in SpartanNash by 35.6% in the third quarter. Victory Capital Management Inc. now owns 14,681 shares of the company’s stock valued at $329,000 after buying an additional 3,851 shares in the last quarter. Intech Investment Management LLC grew its stake in SpartanNash by 64.3% in the 3rd quarter. Intech Investment Management LLC now owns 20,769 shares of the company’s stock valued at $465,000 after acquiring an additional 8,125 shares during the last quarter. Martingale Asset Management L P increased its holdings in SpartanNash by 2.2% during the 3rd quarter. Martingale Asset Management L P now owns 48,114 shares of the company’s stock valued at $1,078,000 after acquiring an additional 1,040 shares in the last quarter. Verition Fund Management LLC acquired a new position in SpartanNash during the third quarter worth about $244,000. Finally, Atom Investors LP purchased a new stake in shares of SpartanNash in the third quarter valued at about $419,000. Institutional investors and hedge funds own 84.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SPTN shares. StockNews.com lowered SpartanNash from a “buy” rating to a “hold” rating in a research note on Wednesday. Northcoast Research cut SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Wednesday, February 19th.

SpartanNash Stock Performance

SpartanNash stock opened at $20.03 on Friday. The stock has a fifty day moving average price of $19.43 and a 200 day moving average price of $19.79. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00. The firm has a market capitalization of $676.31 million, a P/E ratio of -2,003.00 and a beta of 0.34. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. During the same quarter last year, the business posted $0.35 earnings per share. Equities research analysts anticipate that SpartanNash will post 1.79 earnings per share for the current year.

SpartanNash Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be paid a $0.22 dividend. This is a positive change from SpartanNash’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Friday, March 21st. SpartanNash’s payout ratio is currently -8,800.00%.

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.