Segall Bryant & Hamill LLC Sells 15,952 Shares of SpartanNash (NASDAQ:SPTN)

Segall Bryant & Hamill LLC cut its position in shares of SpartanNash (NASDAQ:SPTN) by 19.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,460 shares of the company’s stock after selling 15,952 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.19% of SpartanNash worth $1,181,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in shares of 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 purchased a new position in SpartanNash in the fourth quarter valued at about $132,000. GAMMA Investing LLC lifted its position in shares of SpartanNash by 90.3% during the fourth quarter. GAMMA Investing LLC now owns 7,461 shares of the company’s stock valued at $137,000 after buying an additional 3,541 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of SpartanNash during the 3rd quarter valued at $211,000. Finally, Ieq Capital LLC purchased a new position in SpartanNash during the 4th quarter worth $231,000. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Analyst Ratings Changes

SPTN has been the subject of several research reports. Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research note on Wednesday, February 19th. StockNews.com lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Wednesday.

SpartanNash Price Performance

Shares of SpartanNash stock opened at $20.03 on Friday. The business has a 50 day simple moving average of $19.43 and a two-hundred day simple moving average of $19.79. SpartanNash has a 12 month low of $17.30 and a 12 month 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 stock has a market capitalization of $676.31 million, a P/E ratio of -2,003.00 and a beta of 0.34.

SpartanNash (NASDAQ:SPTN) last released its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. During the same period last year, the company earned $0.35 earnings per share. As a group, analysts predict that SpartanNash will post 1.79 EPS for the current fiscal year.

SpartanNash Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.39%. This is a boost from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 21st. SpartanNash’s payout ratio is presently -8,800.00%.

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.