Spartan Motors Inc. (SPAR) Stock Price Down 9.1%
Spartan Motors Inc. (NASDAQ:SPAR) shares traded down 9.1% on Thursday . The stock traded as low as $6.61 and last traded at $6.67, with a volume of 450,385 shares. The stock had previously closed at $7.34.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Spartan Motors from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 27th. TheStreet upgraded Spartan Motors from a “sell” rating to a “hold” rating in a research note on Monday, April 18th.
The firm’s market capitalization is $237.99 million. The firm has a 50-day moving average of $6.22 and a 200-day moving average of $4.48.
Spartan Motors (NASDAQ:SPAR) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. The firm had revenue of $133.70 million for the quarter, compared to analysts’ expectations of $132.40 million. During the same quarter in the previous year, the business earned ($0.09) earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities analysts expect that Spartan Motors Inc. will post $0.18 EPS for the current fiscal year.
The business also recently announced a semiannual dividend, which was paid on Thursday, June 23rd. Shareholders of record on Thursday, May 19th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, May 17th. This represents a yield of 1.98%.
In related news, CFO Frederick J. Sohm bought 5,000 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were acquired at an average price of $5.65 per share, with a total value of $28,250.00. Following the transaction, the chief financial officer now owns 112,550 shares of the company’s stock, valued at $635,907.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
An institutional investor recently raised its position in Spartan Motors stock. Dimensional Fund Advisors LP boosted its position in Spartan Motors Inc. (NASDAQ:SPAR) by 1.9% during the fourth quarter, Holdings Channel reports. The firm owned 2,297,714 shares of the company’s stock after buying an additional 42,234 shares during the period. Dimensional Fund Advisors LP owned 6.70% of Spartan Motors worth $7,146,000 at the end of the most recent reporting period.
Spartan Motors, Inc is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company operates through three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Company’s Emergency Response Vehicles segment engineers and manufactures emergency response chassis, emergency response bodies and aerial equipment.
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