Insider Selling: Michael Wolf Sells 6,000 Shares of Standard Parking Corp. Stock (STAN)
Standard Parking Corp. (NASDAQ:STAN) EVP Michael Wolf sold 6,000 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $24.90, for a total value of $149,400.00. Following the completion of the sale, the executive vice president now directly owns 30,279 shares in the company, valued at approximately $753,947. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Research Capital raised their price target on shares of Standard Parking Corp. (NASDAQ:STAN) from $25.00 to $26.00 in a research note to investors on Wednesday, August 28th. They now have an “outperform” rating on the stock.
Shares of Standard Parking Corp. (NASDAQ:STAN) traded up 1.30% during mid-day trading on Wednesday, hitting $25.70. The stock had a trading volume of 48,539 shares. Standard Parking Corp. has a 52 week low of $19.34 and a 52 week high of $25.85. The stock has a 50-day moving average of $23.17 and a 200-day moving average of $22.09. The company has a market cap of $563.2 million and a price-to-earnings ratio of 4228.33.
Standard Parking Corp. (NASDAQ:STAN) last announced its earnings results on Tuesday, August 6th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.05. The company had revenue of $211.89 million for the quarter, compared to the consensus estimate of $211.88 million. During the same quarter last year, the company posted $0.42 earnings per share. Standard Parking Corp.’s revenue was up 144.1% compared to the same quarter last year. On average, analysts predict that Standard Parking Corp. will post $0.81 earnings per share for the current fiscal year.
Standard Parking Corporation is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States and Canada.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.