PDT Partners LLC Lowers Stock Holdings in SpartanNash (NASDAQ:SPTN)

PDT Partners LLC cut its stake in shares of SpartanNash (NASDAQ:SPTN) by 41.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,475 shares of the company’s stock after selling 13,109 shares during the quarter. PDT Partners LLC’s holdings in SpartanNash were worth $338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SPTN. Yousif Capital Management LLC increased its holdings in SpartanNash by 5.9% during the 4th quarter. Yousif Capital Management LLC now owns 13,696 shares of the company’s stock worth $251,000 after purchasing an additional 768 shares during the period. MBM Wealth Consultants LLC grew its position in shares of SpartanNash by 10.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 13,083 shares of the company’s stock worth $238,000 after buying an additional 1,203 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of SpartanNash by 8.1% during the fourth quarter. MetLife Investment Management LLC now owns 21,097 shares of the company’s stock valued at $386,000 after buying an additional 1,572 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of SpartanNash by 3,585.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock valued at $32,000 after acquiring an additional 1,685 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in SpartanNash by 5.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,046 shares of the company’s stock worth $752,000 after acquiring an additional 2,131 shares during the period. Institutional investors own 84.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com raised shares of SpartanNash from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Northcoast Research lowered shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a report on Wednesday, February 19th.

SpartanNash Price Performance

Shares of SPTN stock opened at $19.51 on Friday. The stock’s 50-day moving average is $19.89 and its 200 day moving average is $19.45. SpartanNash has a 1-year low of $17.30 and a 1-year 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 company has a market cap of $660.34 million, a P/E ratio of -1,951.00 and a beta of 0.53.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Research analysts predict that SpartanNash will post 1.79 earnings per share for the current fiscal 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 given a $0.22 dividend. This is a boost from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 21st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.51%. SpartanNash’s dividend payout ratio (DPR) is presently -8,800.00%.

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.