Spartan Motors Inc (SPAR) Insider Sells $63,113.12 in Stock
Spartan Motors Inc (NASDAQ:SPAR) insider Stephen K. Guillaume sold 4,144 shares of the stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $15.23, for a total value of $63,113.12. Following the completion of the sale, the insider now owns 63,429 shares in the company, valued at $966,023.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ SPAR opened at $15.25 on Tuesday. The firm has a market capitalization of $536.67 million, a PE ratio of 35.47 and a beta of 0.56. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.78. Spartan Motors Inc has a 12-month low of $9.90 and a 12-month high of $19.45.
Spartan Motors (NASDAQ:SPAR) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $183.98 million for the quarter, compared to analysts’ expectations of $190.85 million. Spartan Motors had a return on equity of 10.84% and a net margin of 3.28%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $0.07 earnings per share. analysts anticipate that Spartan Motors Inc will post 0.64 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the business. Strs Ohio raised its stake in Spartan Motors by 9.9% in the second quarter. Strs Ohio now owns 51,100 shares of the company’s stock valued at $771,000 after buying an additional 4,600 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Spartan Motors by 50.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 631,730 shares of the company’s stock valued at $9,539,000 after buying an additional 211,526 shares in the last quarter. IndexIQ Advisors LLC raised its stake in Spartan Motors by 9.3% in the second quarter. IndexIQ Advisors LLC now owns 127,173 shares of the company’s stock valued at $1,920,000 after buying an additional 10,852 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in Spartan Motors in the first quarter valued at $234,000. Finally, Summit Creek Advisors LLC raised its stake in Spartan Motors by 88.9% in the second quarter. Summit Creek Advisors LLC now owns 600,677 shares of the company’s stock valued at $9,070,000 after buying an additional 282,723 shares in the last quarter. Institutional investors own 67.82% of the company’s stock.
Spartan Motors Company Profile
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.
Further Reading: Technical Analysis of Stocks and What It Means
Receive News & Ratings for Spartan Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spartan Motors and related companies with MarketBeat.com's FREE daily email newsletter.