FNY Investment Advisers LLC Acquires Shares of 5,000 SpartanNash Company $SPTN

FNY Investment Advisers LLC acquired a new stake in SpartanNash Company (NASDAQ:SPTN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $132,000.

A number of other hedge funds have also modified their holdings of SPTN. CWM LLC boosted its stake in SpartanNash by 246.0% in the 2nd quarter. CWM LLC now owns 2,436 shares of the company’s stock valued at $65,000 after buying an additional 1,732 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of SpartanNash in the 1st quarter valued at $153,000. GAMMA Investing LLC grew its holdings in shares of SpartanNash by 8.5% in the 1st quarter. GAMMA Investing LLC now owns 8,097 shares of the company’s stock worth $164,000 after purchasing an additional 636 shares during the last quarter. Appleton Partners Inc. MA acquired a new stake in shares of SpartanNash during the 2nd quarter worth about $212,000. Finally, EntryPoint Capital LLC bought a new position in SpartanNash during the 1st quarter valued at about $236,000. 84.59% of the stock is owned by institutional investors and hedge funds.

SpartanNash Price Performance

Shares of SPTN opened at $26.90 on Thursday. The company has a market capitalization of $910.78 million, a P/E ratio of -56.04 and a beta of 0.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.57 and a quick ratio of 0.80. SpartanNash Company has a one year low of $17.30 and a one year high of $27.07. The business’s 50 day simple moving average is $26.77 and its 200-day simple moving average is $23.73.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Thursday, August 14th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.50 by $0.04. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. SpartanNash had a positive return on equity of 8.19% and a negative net margin of 0.16%.SpartanNash’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. As a group, sell-side analysts predict that SpartanNash Company will post 1.79 EPS for the current fiscal year.

SpartanNash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, September 15th. SpartanNash’s dividend payout ratio (DPR) is -183.33%.

Wall Street Analyst Weigh In

Separately, Zacks Research raised SpartanNash from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.45.

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.