Spartan Motors Inc. (SPAR) Reaches New 1-Year High at $8.81
Spartan Motors Inc. (NASDAQ:SPAR) shares hit a new 52-week high during trading on Monday . The stock traded as high as $8.81 and last traded at $8.61, with a volume of 208,152 shares changing hands. The stock had previously closed at $8.49.
Several brokerages have commented on SPAR. Zacks Investment Research downgraded shares of Spartan Motors from a “buy” rating to a “hold” rating in a report on Saturday. Craig Hallum began coverage on shares of Spartan Motors in a report on Tuesday, July 26th. They issued a “buy” rating for the company. Finally, TheStreet raised 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 is $6.87 and its 200-day moving average 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 dated Tuesday, May 10th. The stock was purchased at an average cost of $5.65 per share, with a total value of $28,250.00. Following the completion of the acquisition, the chief financial officer now directly owns 112,550 shares of the company’s stock, valued at $635,907.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A hedge fund recently raised its stake in Spartan Motors stock. Royce & Associates LLC increased its stake in shares of Spartan Motors Inc. (NASDAQ:SPAR) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,733,062 shares of the company’s stock after buying an additional 228,525 shares during the period. Royce & Associates LLC owned about 5.06% of Spartan Motors worth $5,390,000 as of its most recent SEC filing.
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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