Legato Capital Management LLC Decreases Stock Holdings in SpartanNash (NASDAQ:SPTN)

Legato Capital Management LLC reduced its holdings in shares of SpartanNash (NASDAQ:SPTN) by 75.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,771 shares of the company’s stock after selling 55,998 shares during the quarter. Legato Capital Management LLC’s holdings in SpartanNash were worth $326,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SPTN. Segall Bryant & Hamill LLC purchased a new stake in SpartanNash during the third quarter worth approximately $1,802,000. Dean Investment Associates LLC boosted its stake in shares of SpartanNash by 54.2% in the third quarter. Dean Investment Associates LLC now owns 188,335 shares of the company’s stock valued at $4,221,000 after purchasing an additional 66,178 shares during the period. Barclays PLC boosted its stake in shares of SpartanNash by 120.0% in the third quarter. Barclays PLC now owns 86,412 shares of the company’s stock valued at $1,936,000 after purchasing an additional 47,141 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of SpartanNash by 71.5% in the third quarter. JPMorgan Chase & Co. now owns 102,486 shares of the company’s stock valued at $2,297,000 after purchasing an additional 42,719 shares during the period. Finally, Foundry Partners LLC boosted its stake in shares of SpartanNash by 16.5% in the third quarter. Foundry Partners LLC now owns 186,680 shares of the company’s stock valued at $4,183,000 after purchasing an additional 26,375 shares during the period. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

SpartanNash Price Performance

Shares of SPTN stock opened at $20.33 on Friday. The company has a market capitalization of $686.34 million, a PE ratio of 15.29 and a beta of 0.34. The firm has a fifty day simple moving average of $18.58 and a 200-day simple moving average of $20.01. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80. SpartanNash has a twelve month low of $17.30 and a twelve month high of $23.00.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. During the same period in the previous year, the firm earned $0.35 EPS. Equities research analysts anticipate that SpartanNash will post 1.88 earnings per share for the current fiscal year.

SpartanNash Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a $0.2175 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.87 annualized dividend and a yield of 4.28%. SpartanNash’s dividend payout ratio is presently 65.41%.

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.