Insider Selling: Span-America Medical Systems Inc. (SPAN) VP Sells 760 Shares of Stock
Span-America Medical Systems Inc. (NASDAQ:SPAN) VP Reagan James R. O sold 760 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $18.25, for a total value of $13,870.00. Following the sale, the vice president now owns 20,641 shares in the company, valued at approximately $376,698.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Span-America Medical Systems Inc. (NASDAQ:SPAN) opened at 18.1894 on Tuesday. Span-America Medical Systems Inc. has a one year low of $16.92 and a one year high of $20.00. The firm’s 50-day moving average price is $17.99 and its 200 day moving average price is $18.19. The stock has a market cap of $50.11 million, a P/E ratio of 12.4075 and a beta of 0.33.
Span-America Medical Systems (NASDAQ:SPAN) last announced its earnings results on Thursday, August 4th. The company reported $0.34 EPS for the quarter. The firm had revenue of $15.30 million for the quarter, compared to analysts’ expectations of $15.80 million. Span-America Medical Systems had a return on equity of 18.82% and a net margin of 6.78%. Equities research analysts expect that Span-America Medical Systems Inc. will post $0.86 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Tuesday, August 16th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Friday, August 12th. Span-America Medical Systems’s dividend payout ratio (DPR) is presently 43.54%.
About Span-America Medical Systems
SpanAmerica Medical Systems, Inc (Span-America) manufactures therapeutic support surfaces, medical bed frames, patient positioners, mattress overlays and wheelchair cushions for the medical market. The Company also manufactures foam mattress pads and pillows for the consumer bedding market, as well as a range of foam products for the industrial market.
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