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.

Large investors have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. increased its holdings in shares of Spartan Motors by 12,223.0% in the 2nd quarter. Centaurus Financial Inc. now owns 1,008,266 shares of the company’s stock valued at $11,051,000 after acquiring an additional 1,000,084 shares during the period. Wells Fargo & Company MN grew its stake in Spartan Motors by 82.1% during the 2nd quarter. Wells Fargo & Company MN now owns 767,326 shares of the company’s stock worth $8,410,000 after buying an additional 346,055 shares during the last quarter. Nuveen Asset Management LLC lifted its position in Spartan Motors by 788.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 318,459 shares of the company’s stock worth $3,491,000 after acquiring an additional 282,629 shares during the period. Renaissance Technologies LLC lifted its position in Spartan Motors by 29.6% during the 2nd quarter. Renaissance Technologies LLC now owns 682,748 shares of the company’s stock worth $7,483,000 after acquiring an additional 155,900 shares during the period. Finally, Pacific Ridge Capital Partners LLC lifted its position in Spartan Motors by 29.6% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 513,707 shares of the company’s stock worth $4,536,000 after acquiring an additional 117,438 shares during the period. Hedge funds and other institutional investors own 66.29% of the company’s stock.

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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