New York State Teachers Retirement System Raises Position in SpartanNash (NASDAQ:SPTN)

New York State Teachers Retirement System grew its position in SpartanNash (NASDAQ:SPTN) by 1.0% during the 4th quarter, Holdings Channel reports. The fund owned 77,481 shares of the company’s stock after buying an additional 755 shares during the quarter. New York State Teachers Retirement System’s holdings in SpartanNash were worth $1,778,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Natixis purchased a new stake in shares of SpartanNash in the fourth quarter valued at about $31,000. Public Employees Retirement System of Ohio purchased a new stake in SpartanNash during the second quarter worth about $27,000. Quarry LP boosted its holdings in SpartanNash by 233.3% during the second quarter. Quarry LP now owns 2,033 shares of the company’s stock worth $46,000 after buying an additional 1,423 shares in the last quarter. Point72 Middle East FZE purchased a new stake in SpartanNash during the fourth quarter worth about $73,000. Finally, Point72 Hong Kong Ltd purchased a new stake in SpartanNash during the first quarter worth about $100,000. Hedge funds and other institutional investors own 84.59% of the company’s stock.

SpartanNash Stock Down 1.0 %

SPTN stock opened at $18.88 on Wednesday. The company has a market cap of $650.79 million, a P/E ratio of 12.59 and a beta of 0.52. SpartanNash has a 52 week low of $18.57 and a 52 week high of $24.97. The company’s 50-day moving average price is $20.33 and its 200 day moving average price is $21.89. The company has a current ratio of 1.63, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76.

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

SpartanNash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.2175 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.87 dividend on an annualized basis and a yield of 4.61%. This is a boost from SpartanNash’s previous quarterly dividend of $0.14. SpartanNash’s payout ratio is presently 58.00%.

Analyst Ratings Changes

SPTN has been the topic of a number of research analyst reports. StockNews.com downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Monday, February 19th. TheStreet raised shares of SpartanNash from a “c+” rating to a “b” rating in a report on Thursday, February 15th.

Insiders Place Their Bets

In other SpartanNash news, Director William R. Voss sold 16,439 shares of SpartanNash stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $19.84, for a total transaction of $326,149.76. Following the completion of the transaction, the director now owns 15,248 shares in the company, valued at $302,520.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by company insiders.

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.