John G Ullman & Associates Inc. Invests $249,000 in SpartanNash Company (NASDAQ:SPTN)

John G Ullman & Associates Inc. purchased a new position in SpartanNash Company (NASDAQ:SPTN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,600 shares of the company’s stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPTN. Ameritas Investment Partners Inc. purchased a new stake in shares of SpartanNash during the first quarter valued at $112,000. Huntington National Bank raised its stake in shares of SpartanNash by 3.8% in the first quarter. Huntington National Bank now owns 3,254 shares of the company’s stock valued at $114,000 after buying an additional 120 shares during the period. Victory Capital Management Inc. raised its stake in shares of SpartanNash by 55.8% in the first quarter. Victory Capital Management Inc. now owns 3,985 shares of the company’s stock valued at $139,000 after buying an additional 1,427 shares during the period. State of Alaska Department of Revenue raised its stake in shares of SpartanNash by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 4,140 shares of the company’s stock valued at $144,000 after buying an additional 80 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of SpartanNash by 225.4% in the first quarter. LS Investment Advisors LLC now owns 4,555 shares of the company’s stock valued at $159,000 after buying an additional 3,155 shares in the last quarter. Institutional investors own 87.94% of the company’s stock.

Shares of SpartanNash Company (SPTN) opened at 24.24 on Friday. The firm has a 50 day moving average price of $26.46 and a 200-day moving average price of $32.16. SpartanNash Company has a 12 month low of $23.70 and a 12 month high of $40.38. The company has a market cap of $916.47 million, a P/E ratio of 14.73 and a beta of 1.00.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Wednesday, August 16th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. SpartanNash had a net margin of 0.83% and a return on equity of 10.07%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm posted $0.58 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Analysts anticipate that SpartanNash Company will post $2.26 earnings per share for the current fiscal year.

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Several equities research analysts have recently commented on SPTN shares. Pivotal Research set a $20.00 target price on SpartanNash and gave the stock a “sell” rating in a research report on Tuesday. Jefferies Group LLC set a $35.00 price objective on SpartanNash and gave the company a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research lowered SpartanNash from a “hold” rating to a “sell” rating in a report on Saturday, May 27th. Barclays PLC restated an “equal weight” rating and set a $28.00 target price (down previously from $36.00) on shares of SpartanNash in a research note on Friday, July 14th. Finally, ValuEngine upgraded SpartanNash from a “hold” rating to a “buy” rating in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $28.40.

In other SpartanNash news, Director M Shan Atkins sold 2,000 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $27.69, for a total value of $55,380.00. Following the completion of the sale, the director now directly owns 32,425 shares of the company’s stock, valued at $897,848.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

SpartanNash Company Profile

SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.

Institutional Ownership by Quarter for SpartanNash (NASDAQ:SPTN)

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