Spartan Motors Inc (NASDAQ:SPAR) CFO Frederick J. Sohm sold 16,000 shares of Spartan Motors stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $15.97, for a total value of $255,520.00. Following the completion of the transaction, the chief financial officer now owns 151,755 shares of the company’s stock, valued at approximately $2,423,527.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
NASDAQ:SPAR traded down $0.85 during trading hours on Thursday, hitting $14.65. 652,333 shares of the stock were exchanged, compared to its average volume of 250,174. Spartan Motors Inc has a 52-week low of $8.30 and a 52-week high of $19.45. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.10. The firm has a market cap of $569.99 million, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61.
Spartan Motors (NASDAQ:SPAR) last posted its quarterly earnings data on Thursday, May 3rd. The company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.04. Spartan Motors had a return on equity of 10.21% and a net margin of 2.98%. The company had revenue of $173.04 million during the quarter, compared to analyst estimates of $171.51 million. During the same period in the previous year, the business earned $0.04 EPS. Spartan Motors’s quarterly revenue was up 3.6% on a year-over-year basis. research analysts forecast that Spartan Motors Inc will post 0.63 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, June 15th. Shareholders of record on Tuesday, May 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, May 14th. This represents a yield of 0.6%. Spartan Motors’s dividend payout ratio (DPR) is currently 23.26%.
Large investors have recently bought and sold shares of the business. Teacher Retirement System of Texas purchased a new stake in Spartan Motors during the 4th quarter worth approximately $179,000. Citadel Advisors LLC purchased a new stake in Spartan Motors during the 4th quarter worth approximately $226,000. Campbell & CO Investment Adviser LLC purchased a new stake in Spartan Motors during the 1st quarter worth approximately $234,000. State Board of Administration of Florida Retirement System purchased a new stake in Spartan Motors during the 1st quarter worth approximately $234,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Spartan Motors during the 4th quarter worth approximately $237,000. Institutional investors own 69.22% of the company’s stock.
Several equities analysts recently weighed in on SPAR shares. Zacks Investment Research lowered Spartan Motors from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. ValuEngine upgraded Spartan Motors from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Roth Capital restated a “buy” rating on shares of Spartan Motors in a research note on Friday, March 2nd. Finally, BidaskClub lowered Spartan Motors from a “hold” rating to a “sell” rating in a research note on Saturday, May 12th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Spartan Motors currently has an average rating of “Buy” and an average target price of $19.67.
About Spartan Motors
Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and purpose-built specialty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles.
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