Mariner LLC Acquires 3,838 Shares of SpartanNash (NASDAQ:SPTN)

Mariner LLC raised its stake in SpartanNash (NASDAQ:SPTN) by 23.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,538 shares of the company’s stock after buying an additional 3,838 shares during the quarter. Mariner LLC owned about 0.06% of SpartanNash worth $376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SPTN. Nisa Investment Advisors LLC boosted its stake in SpartanNash by 3,585.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock worth $32,000 after purchasing an additional 1,685 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of SpartanNash during the fourth quarter worth about $132,000. GAMMA Investing LLC grew its holdings in shares of SpartanNash by 90.3% during the fourth quarter. GAMMA Investing LLC now owns 7,461 shares of the company’s stock worth $137,000 after buying an additional 3,541 shares in the last quarter. Ieq Capital LLC acquired a new stake in SpartanNash in the 4th quarter valued at approximately $231,000. Finally, WINTON GROUP Ltd bought a new stake in SpartanNash in the 4th quarter valued at approximately $236,000. Institutional investors and hedge funds own 84.59% of the company’s stock.

SpartanNash Trading Down 1.1 %

Shares of SpartanNash stock opened at $19.51 on Friday. The stock has a market cap of $660.34 million, a P/E ratio of -1,951.00 and a beta of 0.53. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00. The business’s 50 day moving average is $19.89 and its 200-day moving average is $19.43.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same quarter in the prior year, the business earned $0.35 EPS. Equities research analysts predict that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Friday, March 21st. This is an increase from SpartanNash’s previous quarterly dividend of $0.22. SpartanNash’s payout ratio is -8,800.00%.

Analyst Ratings Changes

A number of analysts have recently issued reports on SPTN shares. StockNews.com upgraded shares of SpartanNash from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Wednesday, February 19th.

SpartanNash Company 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.