Spartan Motors Inc (NASDAQ:SPAR) CEO Daryl M. Adams Sells 12,500 Shares
Spartan Motors Inc (NASDAQ:SPAR) CEO Daryl M. Adams sold 12,500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $11.88, for a total value of $148,500.00. Following the completion of the sale, the chief executive officer now owns 627,175 shares of the company’s stock, valued at approximately $7,450,839. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SPAR traded down $0.09 during midday trading on Friday, reaching $11.86. The company had a trading volume of 6,084 shares, compared to its average volume of 127,728. The company has a quick ratio of 1.13, a current ratio of 1.61 and a debt-to-equity ratio of 0.17. Spartan Motors Inc has a 1 year low of $6.70 and a 1 year high of $16.00. The business has a 50-day moving average of $12.14 and a two-hundred day moving average of $9.99. The company has a market cap of $415.03 million, a P/E ratio of 24.90 and a beta of 1.46.
Spartan Motors (NASDAQ:SPAR) last released its earnings results on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Spartan Motors had a return on equity of 8.65% and a net margin of 1.27%. The business had revenue of $247.94 million for the quarter, compared to analysts’ expectations of $235.60 million. On average, equities research analysts predict that Spartan Motors Inc will post 0.74 EPS for the current year.
A number of analysts have commented on the company. Zacks Investment Research cut Spartan Motors from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Roth Capital restated a “buy” rating on shares of Spartan Motors in a research report on Friday, May 24th. BidaskClub cut Spartan Motors from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. ValuEngine upgraded Spartan Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Craig Hallum upped their price target on Spartan Motors from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Spartan Motors has a consensus rating of “Hold” and a consensus price target of $15.00.
About Spartan Motors
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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