Krane Funds Advisors LLC lessened its position in shares of SpartanNash (NASDAQ:SPTN – Get Rating) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,723 shares of the company’s stock after selling 4,088 shares during the quarter. Krane Funds Advisors LLC owned about 0.08% of SpartanNash worth $766,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. WINTON GROUP Ltd grew its holdings in shares of SpartanNash by 62.6% during the fourth quarter. WINTON GROUP Ltd now owns 50,546 shares of the company’s stock worth $1,302,000 after buying an additional 19,464 shares in the last quarter. Great Lakes Advisors LLC lifted its position in shares of SpartanNash by 6.5% in the fourth quarter. Great Lakes Advisors LLC now owns 21,566 shares of the company’s stock valued at $556,000 after buying an additional 1,309 shares during the last quarter. Gladius Capital Management LP acquired a new stake in shares of SpartanNash in the fourth quarter valued at approximately $79,000. Bank of America Corp DE lifted its position in shares of SpartanNash by 8.8% in the fourth quarter. Bank of America Corp DE now owns 80,337 shares of the company’s stock valued at $2,068,000 after buying an additional 6,473 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of SpartanNash by 3.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 689,618 shares of the company’s stock valued at $17,765,000 after buying an additional 21,937 shares during the last quarter. 79.36% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ SPTN traded up $0.35 during midday trading on Tuesday, hitting $33.05. The company had a trading volume of 6,383 shares, compared to its average volume of 365,833. The company has a market capitalization of $1.19 billion, a PE ratio of 16.21 and a beta of 0.63. The company has a current ratio of 1.46, a quick ratio of 0.66 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $33.38 and a 200-day moving average price of $28.07. SpartanNash has a twelve month low of $18.08 and a twelve month high of $37.48.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 17th were issued a $0.21 dividend. The ex-dividend date was Wednesday, March 16th. This is a boost from SpartanNash’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.54%. SpartanNash’s payout ratio is currently 40.98%.
A number of analysts have recently issued reports on SPTN shares. Zacks Investment Research raised SpartanNash from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, March 23rd. StockNews.com raised SpartanNash from a “hold” rating to a “buy” rating in a report on Friday. Finally, CL King initiated coverage on SpartanNash in a report on Monday, March 21st. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $26.83.
About SpartanNash (Get Rating)
SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 65,000 stock-keeping units, such as 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 pharmacy products to independent retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.
- Get a free copy of the StockNews.com research report on SpartanNash (SPTN)
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