Spartan Motors Inc. (SPAR) Reaches New 1-Year High at $7.49
Spartan Motors Inc. (NASDAQ:SPAR) shares 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 traded. The stock had previously closed at $6.90.
Several research analysts have issued reports on the stock. TheStreet upgraded shares of Spartan Motors from a “sell” rating to a “hold” rating in a report on Monday, April 18th. Zacks Investment Research upgraded shares of Spartan Motors from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 27th.
The company’s market capitalization is $247.29 million. The firm’s 50 day moving average is $6.31 and its 200-day moving average is $4.56.
Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.07. The company had revenue of $133.70 million for the quarter, compared to the consensus estimate of $132.40 million. During the same quarter in the previous year, the business earned ($0.09) earnings per share. Spartan Motors’s revenue was up 4.1% compared to the same quarter last year. Equities research analysts expect that Spartan Motors Inc. will post $0.18 earnings per share for the current fiscal year.
The business also recently declared a semiannual dividend, which was paid on Thursday, June 23rd. Stockholders of record on Thursday, May 19th were issued 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 acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The shares were bought at an average cost of $5.65 per share, with a total value of $28,250.00. Following the completion of the transaction, the chief financial officer now directly owns 112,550 shares of the company’s stock, valued at approximately $635,907.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
An institutional investor recently raised its position in Spartan Motors stock. Dimensional Fund Advisors LP raised its stake in shares of Spartan Motors Inc. (NASDAQ:SPAR) by 1.9% during the fourth quarter, according to its most recent 13F filing with the 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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