Rhumbline Advisers Sells 5,598 Shares of SpartanNash (NASDAQ:SPTN)

Rhumbline Advisers decreased its stake in shares of SpartanNash (NASDAQ:SPTN) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,099 shares of the company’s stock after selling 5,598 shares during the quarter. Rhumbline Advisers owned about 0.31% of SpartanNash worth $2,129,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of SpartanNash by 2,098.7% in the first quarter. GAMMA Investing LLC now owns 164,045 shares of the company’s stock worth $3,324,000 after acquiring an additional 156,584 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in SpartanNash during the fourth quarter worth $1,910,000. Mackenzie Financial Corp raised its stake in shares of SpartanNash by 151.1% in the 4th quarter. Mackenzie Financial Corp now owns 35,518 shares of the company’s stock valued at $651,000 after acquiring an additional 21,371 shares during the period. US Asset Management LLC acquired a new position in shares of SpartanNash in the fourth quarter valued at approximately $190,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of SpartanNash by 40.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,650 shares of the company’s stock valued at $1,423,000 after purchasing an additional 22,223 shares in the last quarter. Institutional investors and hedge funds own 84.59% of the company’s stock.

Analyst Ratings Changes

SPTN has been the subject of several analyst reports. Wall Street Zen cut shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Northcoast Research downgraded shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Wednesday, February 19th.

SpartanNash Price Performance

SPTN opened at $17.99 on Tuesday. The company’s 50 day simple moving average is $19.33 and its 200 day simple moving average is $19.23. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00. The stock has a market capitalization of $608.96 million, a PE ratio of -1,799.00 and a beta of 0.34.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. As a group, sell-side analysts expect that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.89%. SpartanNash’s dividend payout ratio (DPR) is presently -275.00%.

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.