Gladius Capital Management LP Has $34,000 Stock Position in SpartanNash (NASDAQ:SPTN)

Gladius Capital Management LP lessened its holdings in shares of SpartanNash (NASDAQ:SPTN) by 87.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,517 shares of the company’s stock after selling 10,404 shares during the quarter. Gladius Capital Management LP’s holdings in SpartanNash were worth $34,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPTN. American Century Companies Inc. raised its position in shares of SpartanNash by 20.0% in the second quarter. American Century Companies Inc. now owns 744,282 shares of the company’s stock valued at $13,963,000 after purchasing an additional 123,952 shares during the period. Dana Investment Advisors Inc. grew its stake in SpartanNash by 14.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 328,357 shares of the company’s stock valued at $6,160,000 after buying an additional 41,619 shares during the last quarter. AQR Capital Management LLC raised its holdings in SpartanNash by 17.8% in the 2nd quarter. AQR Capital Management LLC now owns 197,551 shares of the company’s stock valued at $3,706,000 after acquiring an additional 29,849 shares during the period. Marshall Wace LLP acquired a new stake in SpartanNash during the second quarter worth approximately $638,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in SpartanNash during the second quarter worth approximately $492,000. Institutional investors own 84.59% of the company’s stock.

SpartanNash Stock Up 0.3 %

SPTN opened at $18.07 on Friday. The stock has a fifty day moving average of $21.22 and a 200-day moving average of $20.39. The company has a market capitalization of $610.04 million, a P/E ratio of 13.59 and a beta of 0.39. SpartanNash has a fifty-two week low of $17.74 and a fifty-two week high of $24.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.83 and a current ratio of 1.62.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.24 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 EPS. On average, equities analysts expect that SpartanNash will post 1.88 EPS for the current year.

SpartanNash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 23rd were given a dividend of $0.218 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.83%. SpartanNash’s payout ratio is 65.41%.

Analyst Ratings Changes

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

SpartanNash Company Profile

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.