SpartanNash Company (SPTN) Shares Sold by Systematic Financial Management LP
Systematic Financial Management LP reduced its stake in SpartanNash Company (NASDAQ:SPTN) by 13.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,550 shares of the company’s stock after selling 6,950 shares during the period. Systematic Financial Management LP owned approximately 0.12% of SpartanNash Company worth $1,524,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of SpartanNash Company by 34.9% in the first quarter. Wellington Management Group LLP now owns 35,214 shares of the company’s stock valued at $1,232,000 after buying an additional 9,111 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of SpartanNash Company by 3.3% in the first quarter. Principal Financial Group Inc. now owns 298,445 shares of the company’s stock valued at $10,442,000 after buying an additional 9,401 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of SpartanNash Company by 40.0% in the first quarter. OppenheimerFunds Inc. now owns 177,950 shares of the company’s stock valued at $6,226,000 after buying an additional 50,885 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of SpartanNash Company during the first quarter valued at about $402,000. Finally, ClariVest Asset Management LLC increased its stake in shares of SpartanNash Company by 23.7% in the first quarter. ClariVest Asset Management LLC now owns 185,800 shares of the company’s stock valued at $6,501,000 after buying an additional 35,600 shares in the last quarter. 88.31% of the stock is owned by hedge funds and other institutional investors.
Shares of SpartanNash Company (NASDAQ SPTN) traded down 5.72% on Friday, hitting $27.20. The stock had a trading volume of 584,515 shares. SpartanNash Company has a one year low of $26.25 and a one year high of $40.38. The firm’s 50 day moving average is $33.58 and its 200-day moving average is $35.94. The stock has a market capitalization of $1.03 billion, a PE ratio of 16.52 and a beta of 1.00.
SpartanNash Company (NASDAQ:SPTN) last released its earnings results on Wednesday, May 24th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.46 billion. SpartanNash Company had a return on equity of 10.03% and a net margin of 0.79%. SpartanNash Company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 earnings per share. Equities research analysts expect that SpartanNash Company will post $2.30 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Wednesday, June 14th. SpartanNash Company’s dividend payout ratio is currently 40.00%.
Several research analysts have weighed in on SPTN shares. Jefferies Group LLC set a $35.00 target price on SpartanNash Company and gave the stock a “hold” rating in a research report on Wednesday. BidaskClub raised SpartanNash Company from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. ValuEngine lowered SpartanNash Company from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered SpartanNash Company from a “hold” rating to a “sell” rating in a research report on Saturday, May 27th. Finally, Pivotal Research dropped their target price on SpartanNash Company from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. SpartanNash Company presently has a consensus rating of “Hold” and an average price target of $34.00.
In other SpartanNash Company news, Director Timothy J. Odonovan sold 1,186 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $33.25, for a total transaction of $39,434.50. Following the transaction, the director now owns 44,378 shares of the company’s stock, valued at $1,475,568.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director M Shan Atkins sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $30.01, for a total value of $60,020.00. Following the transaction, the director now directly owns 35,425 shares in the company, valued at approximately $1,063,104.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,830 shares of company stock worth $2,600,478. 3.00% of the stock is owned by company insiders.
SpartanNash Company Company Profile
SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
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