Spartan Motors Inc (NASDAQ:SPAR) shares were down 4.6% on Tuesday . The stock traded as low as $8.21 and last traded at $8.23, with a volume of 206,581 shares traded. The stock had previously closed at $8.63.

Several research analysts recently weighed in on SPAR shares. Craig Hallum started coverage on shares of Spartan Motors in a report on Tuesday, July 26th. They set a “buy” rating on the stock. Zacks Investment Research cut shares of Spartan Motors from a “buy” rating to a “hold” rating in a report on Saturday. Finally, TheStreet upgraded shares of Spartan Motors from a “sell” rating to a “hold” rating in a report on Monday, April 18th.

The firm’s 50-day moving average price is $6.87 and its 200-day moving average price is $5.03. The company’s market cap is $285.52 million.

In related news, CFO Frederick J. Sohm acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was acquired at an average cost of $5.65 per share, for a total transaction of $28,250.00. Following the acquisition, the chief financial officer now owns 112,550 shares of the company’s stock, valued at $635,907.50. The purchase 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 raised its stake in Spartan Motors Inc (NASDAQ:SPAR) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

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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