Russell Investments Group Ltd. Sells 2,701 Shares of SpartanNash (NASDAQ:SPTN)

Russell Investments Group Ltd. trimmed its stake in SpartanNash (NASDAQ:SPTN) by 7.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,484 shares of the company’s stock after selling 2,701 shares during the period. Russell Investments Group Ltd. owned 0.10% of SpartanNash worth $632,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in SpartanNash by 3,585.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock valued at $32,000 after purchasing an additional 1,685 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in SpartanNash in the 4th quarter worth $132,000. GAMMA Investing LLC lifted its position in SpartanNash by 90.3% during the 4th quarter. GAMMA Investing LLC now owns 7,461 shares of the company’s stock worth $137,000 after acquiring an additional 3,541 shares during the last quarter. Franklin Resources Inc. acquired a new position in SpartanNash during the 3rd quarter worth $211,000. Finally, Ieq Capital LLC bought a new stake in SpartanNash during the fourth quarter valued at about $231,000. 84.59% of the stock is owned by institutional investors.

SpartanNash Stock Performance

NASDAQ SPTN opened at $20.74 on Wednesday. The company’s fifty day moving average is $19.87 and its two-hundred day moving average is $19.51. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78. The firm has a market capitalization of $701.97 million, a price-to-earnings ratio of -2,074.00 and a beta of 0.53.

SpartanNash (NASDAQ:SPTN) last released its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. During the same period last year, the company earned $0.35 EPS. Equities research analysts forecast that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.24%. This is an increase from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 21st. SpartanNash’s dividend payout ratio (DPR) is presently -8,800.00%.

Analysts Set New Price Targets

SPTN has been the topic of a number of recent analyst reports. Northcoast Research lowered SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research note on Wednesday, February 19th. StockNews.com raised SpartanNash from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd.

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.