SpartanNash (NASDAQ:SPTN) Shares Sold by PDT Partners LLC

PDT Partners LLC cut its holdings in shares of SpartanNash (NASDAQ:SPTN) by 18.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,584 shares of the company’s stock after selling 6,991 shares during the quarter. PDT Partners LLC’s holdings in SpartanNash were worth $708,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPTN. Verition Fund Management LLC purchased a new stake in shares of SpartanNash in the third quarter valued at approximately $244,000. Martingale Asset Management L P increased its stake in shares of SpartanNash by 2.2% in the 3rd quarter. Martingale Asset Management L P now owns 48,114 shares of the company’s stock worth $1,078,000 after acquiring an additional 1,040 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of SpartanNash by 16.5% during the 3rd quarter. Foundry Partners LLC now owns 186,680 shares of the company’s stock worth $4,183,000 after acquiring an additional 26,375 shares during the period. Intech Investment Management LLC boosted its position in shares of SpartanNash by 64.3% during the 3rd quarter. Intech Investment Management LLC now owns 20,769 shares of the company’s stock valued at $465,000 after acquiring an additional 8,125 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of SpartanNash in the third quarter valued at about $1,802,000. Institutional investors and hedge funds own 84.59% of the company’s stock.

SpartanNash Trading Up 0.8 %

SPTN opened at $19.13 on Tuesday. The business’s 50 day moving average price is $20.56 and its 200 day moving average price is $20.29. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.83 and a current ratio of 1.62. The stock has a market capitalization of $645.73 million, a PE ratio of 14.38 and a beta of 0.39. SpartanNash has a one year low of $17.74 and a one year high of $24.51.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.24 billion. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. As a group, equities research analysts expect that SpartanNash will post 1.88 EPS for the current year.

SpartanNash Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 4.55%. The ex-dividend date is Monday, December 9th. SpartanNash’s dividend payout ratio is presently 65.41%.

Analysts Set New Price Targets

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

About SpartanNash

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.