Amalgamated Bank Decreases Stake in SpartanNash (NASDAQ:SPTN)

Amalgamated Bank lessened its stake in SpartanNash (NASDAQ:SPTN) by 8.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,357 shares of the company’s stock after selling 964 shares during the quarter. Amalgamated Bank’s holdings in SpartanNash were worth $194,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in shares of SpartanNash by 58.3% in the 4th quarter. Parallel Advisors LLC now owns 1,255 shares of the company’s stock valued at $29,000 after buying an additional 462 shares during the period. SummerHaven Investment Management LLC boosted its stake in shares of SpartanNash by 2.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 34,421 shares of the company’s stock valued at $646,000 after buying an additional 752 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of SpartanNash by 5.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 20,671 shares of the company’s stock valued at $418,000 after buying an additional 1,007 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of SpartanNash by 3.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 33,323 shares of the company’s stock valued at $673,000 after buying an additional 1,241 shares during the period. Finally, GAMMA Investing LLC lifted its stake in SpartanNash by 114.4% during the second quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock worth $45,000 after purchasing an additional 1,270 shares during the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

SpartanNash Price Performance

SPTN stock opened at $22.41 on Tuesday. The business has a 50 day moving average price of $21.16 and a 200 day moving average price of $20.04. The stock has a market cap of $759.52 million, a price-to-earnings ratio of 14.46 and a beta of 0.39. SpartanNash has a fifty-two week low of $17.74 and a fifty-two week high of $24.51. The company has a quick ratio of 0.80, a current ratio of 1.62 and a debt-to-equity ratio of 0.76.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. SpartanNash had a return on equity of 8.87% and a net margin of 0.48%. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. Equities research analysts anticipate that SpartanNash will post 1.98 earnings per share for the current fiscal year.

SpartanNash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be paid a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Monday, September 23rd. SpartanNash’s dividend payout ratio is currently 56.13%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded SpartanNash from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th.

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.