Sovereign s Capital Management LLC Acquires Shares of 25,153 SpartanNash (NASDAQ:SPTN)

Sovereign s Capital Management LLC acquired a new stake in SpartanNash (NASDAQ:SPTN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 25,153 shares of the company’s stock, valued at approximately $461,000.

A number of other hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its holdings in 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 during the period. State of Wyoming purchased a new position in shares of SpartanNash during the 4th quarter valued at approximately $43,000. Tower Research Capital LLC TRC lifted its stake in shares of SpartanNash by 167.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company’s stock valued at $109,000 after purchasing an additional 3,735 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of SpartanNash in the 4th quarter valued at $113,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in SpartanNash during the fourth quarter worth $132,000. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Analyst Ratings Changes

SPTN has been the subject of a number of recent analyst 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 report on Wednesday, February 19th. StockNews.com lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th.

SpartanNash Stock Up 2.1%

Shares of SPTN opened at $19.84 on Monday. The firm has a market cap of $671.50 million, a P/E ratio of -1,984.00 and a beta of 0.42. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00. The stock’s 50 day moving average is $19.72 and its two-hundred day moving average is $19.26. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00.

SpartanNash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were paid a $0.22 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.88 dividend on an annualized basis and a yield of 4.44%. This is a boost from SpartanNash’s previous quarterly dividend of $0.22. SpartanNash’s dividend payout ratio (DPR) is currently -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.