Quadrant Capital Group LLC Has $29,000 Holdings in SpartanNash (NASDAQ:SPTN)

Quadrant Capital Group LLC lessened its stake in shares of SpartanNash (NASDAQ:SPTN) by 58.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,597 shares of the company’s stock after selling 2,260 shares during the period. Quadrant Capital Group LLC’s holdings in SpartanNash were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPTN. Yousif Capital Management LLC raised its holdings in shares of SpartanNash by 5.9% during the 4th quarter. Yousif Capital Management LLC now owns 13,696 shares of the company’s stock worth $251,000 after buying an additional 768 shares in the last quarter. MBM Wealth Consultants LLC lifted its stake in shares of SpartanNash by 10.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 13,083 shares of the company’s stock worth $238,000 after acquiring an additional 1,203 shares during the period. Nisa Investment Advisors LLC boosted 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 last quarter. Burney Co. boosted its position in SpartanNash by 4.2% during the fourth quarter. Burney Co. now owns 65,140 shares of the company’s stock valued at $1,193,000 after acquiring an additional 2,599 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in shares of SpartanNash by 17.6% during the 4th quarter. Inspire Investing LLC now owns 21,567 shares of the company’s stock valued at $395,000 after purchasing an additional 3,227 shares in the last quarter. Institutional investors and hedge funds own 84.59% of the company’s stock.

SpartanNash Price Performance

SPTN opened at $19.46 on Friday. The firm has a 50-day moving average of $19.79 and a 200 day moving average of $19.62. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. SpartanNash has a fifty-two week low of $17.30 and a fifty-two week high of $23.00. The firm has a market cap of $658.64 million, a P/E ratio of -1,946.00 and a beta of 0.53.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same period in the previous year, the business posted $0.35 earnings per share. On average, research analysts expect that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.52%. This is a positive change from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 21st. SpartanNash’s payout ratio is presently -8,800.00%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Northcoast Research lowered shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Wednesday, February 19th. StockNews.com raised shares of SpartanNash from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd.

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.