1 week Ago By Defense World Staff
Corebridge Financial Inc. cut its position in SpartanNash (NASDAQ:SPTN – Free Report) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 17,963 shares of the company’s stock after selling 1,402 shares during the quarter. Corebridge Financial Inc. owned approximately 0.
05% of SpartanNash worth $329,000 at the end of the most recent quarter. A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc.
boosted its holdings in shares of SpartanNash by 1.8% in the fourth quarter. Vanguard Group Inc.
now owns 3,250,372 shares of the company’s stock valued at $59,547,000 after acquiring an additional 57,458 shares during the period. American Century Companies Inc. boosted its stake in SpartanNash by 14.
2% during the 4th quarter. American Century Companies Inc. now owns 1,042,192 shares of the company’s stock worth $19,093,000 after purchasing an additional 129,907 shares during the period.
Bank of New York Mellon Corp grew its position in SpartanNash by 13.3% during the 4th quarter. Bank of New York Mellon Corp now owns 481,538 shares of the company’s stock worth $8,822,000 after purchasing an additional 56,677 shares during the last quarter.
Dana Investment Advisors Inc. increased its stake in SpartanNash by 16.7% in the fourth quarter.
Dana Investment Advisors Inc. now owns 342,796 shares of the company’s stock valued at $6,280,000 after purchasing an additional 48,987 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in shares of SpartanNash by 28.
3% in the fourth quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company’s stock valued at $5,013,000 after buying an additional 60,401 shares during the last quarter. Hedge funds and other institutional investors own 84.
59% of the company’s stock. SpartanNash Stock Down 0.6 %Shares of NASDAQ:SPTN opened at $19.
09 on Friday. The company has a market cap of $646.12 million, a price-to-earnings ratio of -1,909.
00 and a beta of 0.53. SpartanNash has a fifty-two week low of $17.
30 and a fifty-two week high of $23.00. The firm’s 50-day simple moving average is $19.
78 and its 200-day simple moving average is $19.63. The company has a quick ratio of 0.
78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00.
SpartanNash (NASDAQ:SPTN – Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
33 by $0.09. During the same period last year, the firm posted $0.
35 EPS. As a group, equities research analysts predict that SpartanNash will post 1.79 earnings per share for the current year.
SpartanNash Increases DividendThe firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a $0.22 dividend.
The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.88 dividend on an annualized basis and a yield of 4.
61%. This is an increase from SpartanNash’s previous quarterly dividend of $0.22.
SpartanNash’s dividend payout ratio (DPR) is -8,800.00%. Analyst Ratings ChangesSPTN has been the topic of several recent research reports.
StockNews.com upgraded SpartanNash from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Northcoast Research cut SpartanNash from a “buy” rating to a “neutral” rating and set a $10.
00 price target for the company. in a research note on Wednesday, February 19th.Read Our Latest Research Report on SPTNSpartanNash Profile (Free Report)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.Featured StoriesFive stocks we like better than SpartanNashThe Significance of Brokerage Rankings in Stock SelectionJoby Aviation: Operational Momentum vs.
Market SentimentHow to trade penny stocks: A step-by-step guideBroadcom’s Big Outperformance Shows Strength Amid Tariff Decline3 Monster Growth Stocks to Buy NowCarvana: Can Turnaround Strength Outdrive Market Headwinds?Want to see what other hedge funds are holding SPTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SpartanNash (NASDAQ:SPTN – Free Report)..
