Nisa Investment Advisors LLC Increases Stock Position in SpartanNash (NASDAQ:SPTN)

Nisa Investment Advisors LLC boosted its stake in SpartanNash (NASDAQ:SPTN) by 78.4% during the fourth quarter, HoldingsChannel reports. The firm owned 3,032 shares of the company’s stock after buying an additional 1,332 shares during the period. Nisa Investment Advisors LLC’s holdings in SpartanNash were worth $70,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Captrust Financial Advisors grew its position in SpartanNash by 5.2% during the third quarter. Captrust Financial Advisors now owns 6,907 shares of the company’s stock valued at $200,000 after acquiring an additional 344 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in SpartanNash by 1.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 23,788 shares of the company’s stock valued at $718,000 after acquiring an additional 442 shares during the last quarter. Exchange Traded Concepts LLC grew its position in SpartanNash by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 60,598 shares of the company’s stock valued at $1,391,000 after acquiring an additional 481 shares during the last quarter. US Bancorp DE grew its position in SpartanNash by 10.7% during the first quarter. US Bancorp DE now owns 5,275 shares of the company’s stock valued at $174,000 after acquiring an additional 508 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in SpartanNash by 2.3% during the third quarter. Teacher Retirement System of Texas now owns 25,316 shares of the company’s stock valued at $557,000 after acquiring an additional 565 shares during the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.

SpartanNash Stock Up 2.3 %

Shares of SpartanNash stock opened at $19.67 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 1.63. SpartanNash has a 52-week low of $18.57 and a 52-week high of $24.97. The stock has a market capitalization of $678.02 million, a price-to-earnings ratio of 13.11 and a beta of 0.52. The company’s 50 day moving average price is $20.17 and its 200-day moving average price is $21.81.

SpartanNash (NASDAQ:SPTN) last released 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). The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. SpartanNash had a net margin of 0.54% and a return on equity of 9.86%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. Equities research analysts forecast that SpartanNash will post 1.93 EPS for the current year.

SpartanNash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.2175 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.87 annualized dividend and a yield of 4.42%. This is a boost from SpartanNash’s previous quarterly dividend of $0.14. SpartanNash’s payout ratio is 58.00%.

Wall Street Analyst Weigh In

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

Insider Activity at SpartanNash

In related news, Director William R. Voss sold 16,439 shares of SpartanNash stock in a transaction on Friday, March 15th. The shares were sold at an average price of $19.84, for a total value of $326,149.76. Following the sale, the director now owns 15,248 shares in the company, valued at $302,520.32. The transaction 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.

SpartanNash 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.