Phocas Financial Corp. Sells 11,718 Shares of SpartanNash (NASDAQ:SPTN)

Phocas Financial Corp. lowered its holdings in SpartanNash (NASDAQ:SPTN) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,427 shares of the company’s stock after selling 11,718 shares during the period. Phocas Financial Corp. owned about 0.65% of SpartanNash worth $4,917,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC increased its holdings in SpartanNash by 66.3% during the third quarter. Quest Partners LLC now owns 15,270 shares of the company’s stock worth $342,000 after buying an additional 6,088 shares during the last quarter. Empowered Funds LLC grew its holdings in SpartanNash by 5.3% during the third quarter. Empowered Funds LLC now owns 169,695 shares of the company’s stock valued at $3,803,000 after purchasing an additional 8,576 shares during the period. Victory Capital Management Inc. raised its stake in shares of SpartanNash by 35.6% in the third quarter. Victory Capital Management Inc. now owns 14,681 shares of the company’s stock valued at $329,000 after buying an additional 3,851 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in SpartanNash by 13.9% during the third quarter. Moloney Securities Asset Management LLC now owns 29,850 shares of the company’s stock valued at $669,000 after purchasing an additional 3,650 shares during the last quarter. Finally, EMC Capital Management boosted its holdings in shares of SpartanNash by 170.9% in the third quarter. EMC Capital Management now owns 15,180 shares of the company’s stock worth $340,000 after acquiring an additional 9,576 shares during the period. Institutional investors own 84.59% of the company’s stock.

SpartanNash Stock Up 0.8 %

SPTN opened at $18.22 on Tuesday. The firm has a market capitalization of $615.11 million, a P/E ratio of 13.70 and a beta of 0.39. SpartanNash has a one year low of $17.74 and a one year high of $24.51. The company has a fifty day moving average price of $21.22 and a 200-day moving average price of $20.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 0.83.

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

SpartanNash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 23rd were issued a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend was Monday, September 23rd. SpartanNash’s payout ratio is 65.41%.

Wall Street Analysts Forecast Growth

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

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.