Y Intercept Hong Kong Ltd Has $228,000 Position in SpartanNash (NASDAQ:SPTN)

Y Intercept Hong Kong Ltd lessened its holdings in shares of SpartanNash (NASDAQ:SPTN) by 40.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,191 shares of the company’s stock after selling 7,051 shares during the period. Y Intercept Hong Kong Ltd’s holdings in SpartanNash were worth $228,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dean Investment Associates LLC grew its stake in shares of SpartanNash by 54.2% in the third quarter. Dean Investment Associates LLC now owns 188,335 shares of the company’s stock worth $4,221,000 after acquiring an additional 66,178 shares during the last quarter. Stifel Financial Corp grew its position in SpartanNash by 14.7% in the 3rd quarter. Stifel Financial Corp now owns 47,240 shares of the company’s stock worth $1,059,000 after purchasing an additional 6,058 shares during the last quarter. Atom Investors LP acquired a new stake in SpartanNash in the 3rd quarter worth $419,000. Verition Fund Management LLC bought a new position in shares of SpartanNash during the 3rd quarter worth about $244,000. Finally, Martingale Asset Management L P raised its position in shares of SpartanNash by 2.2% during the third quarter. Martingale Asset Management L P now owns 48,114 shares of the company’s stock valued at $1,078,000 after buying an additional 1,040 shares during the last quarter. Institutional investors own 84.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

SpartanNash Trading Down 0.3 %

Shares of SPTN stock opened at $19.35 on Thursday. The firm has a fifty day moving average of $19.97 and a 200-day moving average of $20.21. The stock has a market cap of $653.16 million, a price-to-earnings ratio of 14.55 and a beta of 0.35. SpartanNash has a 52-week low of $17.74 and a 52-week high of $24.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.83 and a current ratio of 1.62.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.24 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. On average, equities research analysts forecast that SpartanNash will post 1.88 earnings per share for the current fiscal year.

SpartanNash Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Monday, December 9th. SpartanNash’s dividend payout ratio (DPR) is currently 65.41%.

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.