Moloney Securities Asset Management LLC Sells 1,415 Shares of SpartanNash (NASDAQ:SPTN)

Moloney Securities Asset Management LLC cut its stake in shares of SpartanNash (NASDAQ:SPTN) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,435 shares of the company’s stock after selling 1,415 shares during the period. Moloney Securities Asset Management LLC owned 0.08% of SpartanNash worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Nisa Investment Advisors LLC grew its holdings in SpartanNash by 3,585.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock valued at $32,000 after purchasing an additional 1,685 shares during the last quarter. Signaturefd LLC boosted its position in shares of SpartanNash by 64.9% during the third quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock valued at $40,000 after buying an additional 709 shares during the period. GAMMA Investing LLC grew its stake in shares of SpartanNash by 64.7% during the third quarter. GAMMA Investing LLC now owns 3,920 shares of the company’s stock valued at $88,000 after buying an additional 1,540 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of SpartanNash by 308.8% in the third quarter. Blue Trust Inc. now owns 7,531 shares of the company’s stock worth $169,000 after buying an additional 5,689 shares during the period. Finally, Franklin Resources Inc. bought a new stake in shares of SpartanNash during the 3rd quarter worth approximately $211,000. 84.59% of the stock is owned by institutional investors.

SpartanNash Trading Up 0.8 %

Shares of SPTN opened at $18.51 on Tuesday. The firm has a market capitalization of $624.90 million, a price-to-earnings ratio of 13.92 and a beta of 0.34. 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 has a 1-year low of $17.30 and a 1-year high of $23.00. The company has a 50-day moving average of $18.52 and a 200 day moving average of $20.03.

SpartanNash Cuts Dividend

The company 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 of this dividend was Monday, December 9th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.70%. SpartanNash’s payout ratio is 65.41%.

Analysts Set New Price Targets

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

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.