Spartan Motors Inc. (SPAR) Hits New 52-Week High at $7.49
Spartan Motors Inc. (NASDAQ:SPAR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.49 and last traded at $7.43, with a volume of 280,632 shares trading hands. The stock had previously closed at $6.90.
A number of equities analysts have weighed in on SPAR shares. Zacks Investment Research upgraded shares of Spartan Motors from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective for the company in a research report on Saturday, May 7th. TheStreet upgraded shares of Spartan Motors from a “sell” rating to a “hold” rating in a research report on Monday, April 18th.
The company’s market capitalization is $256.59 million. The firm has a 50-day moving average price of $6.24 and a 200-day moving average price of $4.52.
Spartan Motors (NASDAQ:SPAR) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. The company had revenue of $133.70 million for the quarter, compared to analyst estimates of $132.40 million. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) EPS. On average, equities analysts predict that Spartan Motors Inc. will post $0.18 EPS for the current fiscal year.
The firm also recently announced a semiannual dividend, which was paid on Thursday, June 23rd. Stockholders 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 dividend yield of 1.98%.
In other Spartan Motors news, CFO Frederick J. Sohm bought 5,000 shares of the stock in a transaction dated Tuesday, May 10th. The shares were acquired at an average cost of $5.65 per share, for a total transaction of $28,250.00. Following the completion of the transaction, the chief financial officer now owns 112,550 shares in the company, valued at approximately $635,907.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
An institutional investor recently raised its position in Spartan Motors stock. Dimensional Fund Advisors LP raised its position in Spartan Motors Inc. (NASDAQ:SPAR) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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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