AJOVista LLC Takes Position in SpartanNash (NASDAQ:SPTN)

AJOVista LLC bought a new stake in SpartanNash (NASDAQ:SPTN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,983 shares of the company’s stock, valued at approximately $68,000.

Several other institutional investors and hedge funds have also bought and sold shares of SPTN. Nisa Investment Advisors LLC boosted its stake in shares of SpartanNash by 78.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,032 shares of the company’s stock valued at $70,000 after purchasing an additional 1,332 shares during the period. PNC Financial Services Group Inc. grew its holdings in SpartanNash by 132.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,868 shares of the company’s stock worth $173,000 after acquiring an additional 4,490 shares during the last quarter. EMC Capital Management increased its position in shares of SpartanNash by 28.5% in the third quarter. EMC Capital Management now owns 8,626 shares of the company’s stock valued at $190,000 after acquiring an additional 1,912 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of SpartanNash by 41.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,018 shares of the company’s stock valued at $198,000 after acquiring an additional 2,637 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of SpartanNash during the fourth quarter worth about $238,000. 84.59% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director William R. Voss sold 16,439 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $19.84, for a total value of $326,149.76. Following the transaction, the director now directly owns 15,248 shares of the company’s stock, valued at approximately $302,520.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. TheStreet upgraded SpartanNash from a “c+” rating to a “b” rating in a report on Thursday, February 15th. StockNews.com lowered SpartanNash from a “buy” rating to a “hold” rating in a research note on Monday, February 19th.

SpartanNash Stock Up 0.6 %

Shares of NASDAQ:SPTN traded up $0.11 during midday trading on Friday, reaching $19.64. The company’s stock had a trading volume of 158,684 shares, compared to its average volume of 235,431. The company has a quick ratio of 0.76, a current ratio of 1.63 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average of $19.76 and a 200-day moving average of $21.57. The firm has a market capitalization of $676.99 million, a P/E ratio of 13.09 and a beta of 0.53. SpartanNash has a 12-month low of $18.57 and a 12-month high of $24.51.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). SpartanNash had a return on equity of 9.86% and a net margin of 0.54%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s quarterly revenue was down 2.8% on a year-over-year basis. On average, research analysts anticipate that SpartanNash will post 1.93 earnings per share for the current year.

SpartanNash Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.2175 dividend. This represents a $0.87 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Wednesday, March 13th. This is an increase from SpartanNash’s previous quarterly dividend of $0.14. SpartanNash’s dividend payout ratio is currently 58.00%.

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.