Sovereign s Capital Management LLC Invests $461,000 in SpartanNash (NASDAQ:SPTN)

Sovereign s Capital Management LLC acquired a new stake in shares of SpartanNash (NASDAQ:SPTN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 25,153 shares of the company’s stock, valued at approximately $461,000. Sovereign s Capital Management LLC owned 0.07% of SpartanNash as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Squarepoint Ops LLC bought a new position in SpartanNash in the 4th quarter worth about $204,000. State of Wyoming purchased a new position in SpartanNash during the 4th quarter worth $43,000. ProShare Advisors LLC raised its position in SpartanNash by 31.3% during the 4th quarter. ProShare Advisors LLC now owns 422,921 shares of the company’s stock valued at $7,748,000 after purchasing an additional 100,833 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of SpartanNash by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,198 shares of the company’s stock worth $352,000 after buying an additional 732 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of SpartanNash by 40.7% in the 4th quarter. Lazard Asset Management LLC now owns 39,448 shares of the company’s stock worth $722,000 after buying an additional 11,409 shares during the period. Hedge funds and other institutional investors own 84.59% of the company’s stock.

SpartanNash Stock Up 2.1%

NASDAQ:SPTN opened at $19.84 on Monday. The company’s 50-day simple moving average is $19.72 and its 200-day simple moving average is $19.26. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. SpartanNash has a fifty-two week low of $17.30 and a fifty-two week high of $23.00. The stock has a market capitalization of $671.50 million, a P/E ratio of -1,984.00 and a beta of 0.42.

SpartanNash Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.44%. This is an increase from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 21st. SpartanNash’s dividend payout ratio (DPR) is -8,800.00%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SPTN shares. Northcoast Research downgraded shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research note on Wednesday, February 19th. StockNews.com lowered SpartanNash from a “buy” rating to a “hold” rating in a report on Tuesday, May 13th.

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.