AE Wealth Management LLC cut its stake in shares of Spartan Motors Inc (NASDAQ:SPAR) by 11.0% in the first quarter, HoldingsChannel reports. The fund owned 30,004 shares of the company’s stock after selling 3,722 shares during the period. AE Wealth Management LLC’s holdings in Spartan Motors were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of Spartan Motors by 544.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $33,000 after acquiring an additional 1,540 shares during the period. Great West Life Assurance Co. Can bought a new position in shares of Spartan Motors during the 4th quarter valued at approximately $41,000. TFG Advisers LLC bought a new position in shares of Spartan Motors during the 4th quarter valued at approximately $52,000. Lionsbridge Wealth Management LLC bought a new position in shares of Spartan Motors during the 4th quarter valued at approximately $54,000. Finally, Bank of Montreal Can grew its stake in shares of Spartan Motors by 40.9% during the 4th quarter. Bank of Montreal Can now owns 4,242 shares of the company’s stock valued at $77,000 after acquiring an additional 1,232 shares during the period. Institutional investors own 70.14% of the company’s stock.

In other news, CEO Daryl M. Adams sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $12.05, for a total transaction of $150,625.00. Following the sale, the chief executive officer now directly owns 558,144 shares of the company’s stock, valued at approximately $6,725,635.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.95% of the stock is owned by corporate insiders.

SPAR has been the subject of a number of recent research reports. Roth Capital reiterated a “buy” rating on shares of Spartan Motors in a research note on Sunday, May 10th. BidaskClub cut Spartan Motors from a “hold” rating to a “sell” rating in a report on Saturday. ValuEngine raised Spartan Motors from a “strong sell” rating to a “sell” rating in a report on Thursday, April 2nd. Zacks Investment Research cut Spartan Motors from a “buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Sidoti lowered their price target on Spartan Motors from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Spartan Motors currently has a consensus rating of “Hold” and a consensus price target of $18.75.

Shares of SPAR opened at $15.76 on Friday. The stock has a market capitalization of $554.12 million, a price-to-earnings ratio of -92.71, a price-to-earnings-growth ratio of 1.01 and a beta of 1.38. Spartan Motors Inc has a 1 year low of $8.45 and a 1 year high of $20.70. The business’s 50 day simple moving average is $13.96 and its 200-day simple moving average is $16.05. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.99 and a quick ratio of 1.41.

Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.07. The business had revenue of $176.95 million for the quarter, compared to analysts’ expectations of $180.22 million. Spartan Motors had a positive return on equity of 24.51% and a negative net margin of 0.69%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 EPS. On average, sell-side analysts expect that Spartan Motors Inc will post 1.07 earnings per share for the current year.

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, May 15th. This represents a dividend yield of 0.6%. Spartan Motors’s dividend payout ratio (DPR) is 8.06%.

Spartan Motors Company Profile

Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, assembles, and sells specialty and heavy-duty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles.

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Institutional Ownership by Quarter for Spartan Motors (NASDAQ:SPAR)

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