OppenheimerFunds Inc. lessened its holdings in SpartanNash Co (NASDAQ:SPTN) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 208,089 shares of the company’s stock after selling 9,577 shares during the period. OppenheimerFunds Inc.’s holdings in SpartanNash were worth $5,551,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of SpartanNash by 2.2% during the fourth quarter. BlackRock Inc. now owns 4,781,861 shares of the company’s stock worth $127,582,000 after buying an additional 102,108 shares in the last quarter. State Street Corp increased its holdings in shares of SpartanNash by 5.6% during the second quarter. State Street Corp now owns 1,065,210 shares of the company’s stock worth $27,654,000 after buying an additional 56,359 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of SpartanNash by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,050,025 shares of the company’s stock worth $28,014,000 after buying an additional 17,915 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of SpartanNash during the third quarter worth approximately $20,161,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of SpartanNash by 23.0% during the third quarter. Ameriprise Financial Inc. now owns 519,717 shares of the company’s stock worth $13,706,000 after buying an additional 97,074 shares in the last quarter. 87.02% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO Mark Shamber purchased 5,500 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was acquired at an average price of $18.24 per share, with a total value of $100,320.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.
Shares of SpartanNash Co (NASDAQ SPTN) opened at $18.54 on Friday. The company has a quick ratio of 0.82, a current ratio of 2.03 and a debt-to-equity ratio of 1.03. The firm has a market cap of $651.04, a P/E ratio of 8.60, a P/E/G ratio of 1.33 and a beta of 1.17. SpartanNash Co has a fifty-two week low of $16.32 and a fifty-two week high of $37.83.
SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. SpartanNash had a negative net margin of 0.65% and a positive return on equity of 10.08%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. research analysts expect that SpartanNash Co will post 2.26 EPS for the current year.
SpartanNash announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 16th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 16th will be issued a $0.18 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.88%. This is a positive change from SpartanNash’s previous quarterly dividend of $0.17. SpartanNash’s dividend payout ratio (DPR) is currently -46.48%.
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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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