Globeflex Capital L P Decreases Holdings in Spartan Motors Inc (SPAR)
Globeflex Capital L P reduced its position in shares of Spartan Motors Inc (NASDAQ:SPAR) by 71.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,116 shares of the company’s stock after selling 42,695 shares during the quarter. Globeflex Capital L P’s holdings in Spartan Motors were worth $270,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Voya Investment Management LLC boosted its stake in Spartan Motors by 18.9% during the 2nd quarter. Voya Investment Management LLC now owns 19,185 shares of the company’s stock valued at $170,000 after purchasing an additional 3,049 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Spartan Motors by 15.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,895 shares of the company’s stock valued at $273,000 after purchasing an additional 4,145 shares in the last quarter. Teachers Advisors LLC boosted its stake in Spartan Motors by 10.8% during the 2nd quarter. Teachers Advisors LLC now owns 61,987 shares of the company’s stock valued at $549,000 after purchasing an additional 6,051 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Spartan Motors during the 4th quarter valued at $179,000. Finally, Pacific Ridge Capital Partners LLC boosted its stake in Spartan Motors by 3.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 401,716 shares of the company’s stock valued at $6,327,000 after purchasing an additional 13,540 shares in the last quarter. 67.43% of the stock is owned by hedge funds and other institutional investors.
SPAR has been the subject of a number of research reports. BidaskClub lowered Spartan Motors from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research lowered Spartan Motors from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Seaport Global Securities reaffirmed a “buy” rating on shares of Spartan Motors in a research note on Tuesday, January 16th. Sidoti initiated coverage on Spartan Motors in a research note on Friday, December 1st. They set a “buy” rating for the company. Finally, ValuEngine lowered Spartan Motors from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.00.
Spartan Motors (NASDAQ:SPAR) last released its quarterly earnings data on Thursday, March 1st. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $181.10 million during the quarter, compared to analyst estimates of $174.09 million. Spartan Motors had a return on equity of 9.32% and a net margin of 2.25%. The company’s revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company posted $0.04 EPS. research analysts anticipate that Spartan Motors Inc will post 0.58 earnings per share for the current year.
In other news, insider John W. Slawson sold 21,191 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $15.42, for a total transaction of $326,765.22. Following the completion of the sale, the insider now directly owns 111,165 shares of the company’s stock, valued at approximately $1,714,164.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.72% of the company’s stock.
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About Spartan Motors
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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