Intech Investment Management LLC Acquires Shares of 12,644 SpartanNash (NASDAQ:SPTN)

Intech Investment Management LLC acquired a new position in SpartanNash (NASDAQ:SPTN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,644 shares of the company’s stock, valued at approximately $237,000.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC raised its position in shares of SpartanNash by 58.3% during the 4th quarter. Parallel Advisors LLC now owns 1,255 shares of the company’s stock valued at $29,000 after buying an additional 462 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of SpartanNash by 29.6% during the 4th quarter. Allianz Asset Management GmbH now owns 183,172 shares of the company’s stock valued at $4,204,000 after buying an additional 41,832 shares in the last quarter. Dean Capital Management raised its position in shares of SpartanNash by 81.2% during the 4th quarter. Dean Capital Management now owns 46,874 shares of the company’s stock valued at $1,076,000 after buying an additional 21,011 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of SpartanNash by 56.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 95,418 shares of the company’s stock valued at $1,928,000 after buying an additional 34,384 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of SpartanNash by 3.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 33,323 shares of the company’s stock valued at $673,000 after buying an additional 1,241 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors.

SpartanNash Stock Performance

Shares of NASDAQ:SPTN opened at $22.24 on Friday. The company has a market capitalization of $750.38 million, a price-to-earnings ratio of 14.35 and a beta of 0.39. SpartanNash has a 12 month low of $17.74 and a 12 month high of $24.51. The firm’s 50-day moving average is $21.16 and its 200 day moving average is $20.04. The company has a current ratio of 1.62, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76.

SpartanNash (NASDAQ:SPTN) last issued its earnings results on Thursday, August 15th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.27 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS. Research analysts predict that SpartanNash will post 1.98 EPS for the current year.

SpartanNash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be paid a $0.218 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.87 dividend on an annualized basis and a yield of 3.92%. SpartanNash’s dividend payout ratio is currently 56.13%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of SpartanNash from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th.

SpartanNash Company 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.