Moloney Securities Asset Management LLC Lowers Position in SpartanNash (NASDAQ:SPTN)

Moloney Securities Asset Management LLC decreased its holdings in shares of SpartanNash (NASDAQ:SPTN) by 4.7% during the fourth quarter, HoldingsChannel reports. The firm owned 28,435 shares of the company’s stock after selling 1,415 shares during the period. Moloney Securities Asset Management LLC’s holdings in SpartanNash were worth $521,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Nisa Investment Advisors LLC raised its holdings in SpartanNash by 3,585.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock worth $32,000 after purchasing an additional 1,685 shares in the last quarter. Signaturefd LLC grew its position in shares of SpartanNash by 64.9% in the 3rd quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock worth $40,000 after buying an additional 709 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of SpartanNash by 64.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,920 shares of the company’s stock worth $88,000 after acquiring an additional 1,540 shares in the last quarter. Blue Trust Inc. lifted its position in SpartanNash by 308.8% during the third quarter. Blue Trust Inc. now owns 7,531 shares of the company’s stock valued at $169,000 after acquiring an additional 5,689 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in SpartanNash in the third quarter valued at approximately $211,000. Institutional investors own 84.59% of the company’s stock.

SpartanNash Price Performance

Shares of NASDAQ SPTN opened at $18.51 on Tuesday. SpartanNash has a fifty-two week low of $17.30 and a fifty-two week high of $23.00. The company has a market cap of $624.90 million, a PE ratio of 13.92 and a beta of 0.34. 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 business has a 50-day simple moving average of $18.52 and a two-hundred day simple moving average of $20.03.

SpartanNash Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Monday, December 9th. SpartanNash’s dividend payout ratio (DPR) is presently 65.41%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded SpartanNash from a “buy” rating to a “hold” rating in a research report on Thursday, January 30th.

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.