Navellier & Associates Inc bought a new position in shares of Spartan Motors Inc (NASDAQ:SPAR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 14,549 shares of the company’s stock, valued at approximately $250,000.
A number of other large investors have also bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Spartan Motors by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 294,002 shares of the company’s stock valued at $4,630,000 after purchasing an additional 5,998 shares in the last quarter. Barclays PLC boosted its stake in Spartan Motors by 161.6% in the first quarter. Barclays PLC now owns 14,904 shares of the company’s stock worth $256,000 after buying an additional 9,206 shares in the last quarter. Monarch Partners Asset Management LLC boosted its stake in Spartan Motors by 46.4% in the first quarter. Monarch Partners Asset Management LLC now owns 31,195 shares of the company’s stock worth $537,000 after buying an additional 9,885 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Spartan Motors in the fourth quarter worth approximately $179,000. Finally, Pacific Ridge Capital Partners LLC boosted its stake in Spartan Motors by 3.5% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 401,716 shares of the company’s stock worth $6,327,000 after buying an additional 13,540 shares in the last quarter. Institutional investors and hedge funds own 67.95% of the company’s stock.
Spartan Motors traded up $0.30, hitting $15.10, on Friday, MarketBeat.com reports. The stock had a trading volume of 423,921 shares, compared to its average volume of 289,006. The stock has a market capitalization of $522.35 million, a price-to-earnings ratio of 35.12, a PEG ratio of 1.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.44 and a current ratio of 1.88. Spartan Motors Inc has a 52-week low of $8.50 and a 52-week high of $19.45.
The firm also recently disclosed a semiannual dividend, which was paid on Friday, June 15th. Investors of record on Tuesday, May 15th were issued a dividend of $0.05 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, May 14th. Spartan Motors’s payout ratio is currently 23.26%.
Several analysts have issued reports on the company. ValuEngine lowered Spartan Motors from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 8th. Zacks Investment Research raised Spartan Motors from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, March 13th. BidaskClub lowered Spartan Motors from a “hold” rating to a “sell” rating in a research note on Saturday, June 16th. Finally, Roth Capital reiterated a “buy” rating on shares of Spartan Motors in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $19.67.
In other Spartan Motors news, VP Thomas Kivell sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $16.15, for a total value of $40,375.00. Following the completion of the sale, the vice president now directly owns 79,781 shares in the company, valued at approximately $1,288,463.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Frederick J. Sohm sold 16,000 shares of the business’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $15.97, for a total value of $255,520.00. Following the completion of the transaction, the chief financial officer now directly owns 151,755 shares of the company’s stock, valued at $2,423,527.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,799 shares of company stock valued at $965,492. 4.22% of the stock is owned by company insiders.
Spartan Motors Company Profile
Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and purpose-built specialty 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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