Spartan Motors Insider John A. Forbes Purchases 5,000 Shares (SPAR)
Spartan Motors (NASDAQ:SPAR) Insider John A. Forbes purchased 5,000 shares of Spartan Motors stock on the open market in a transaction dated Friday, June 13th. The stock was purchased at an average cost of $5.12 per share, with a total value of $25,600.00. Following the completion of the transaction, the insider now directly owns 54,519 shares in the company, valued at approximately $279,137. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks downgraded shares of Spartan Motors from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 8th. They now have a $4.60 price target on the stock.
Shares of Spartan Motors (NASDAQ:SPAR) opened at 5.38 on Wednesday. Spartan Motors has a 52 week low of $4.63 and a 52 week high of $7.18. The stock has a 50-day moving average of $5.05 and a 200-day moving average of $5.69. The company’s market cap is $185.4 million.
Spartan Motors (NASDAQ:SPAR) last released its earnings data on Wednesday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.02. The company had revenue of $128.00 million for the quarter, compared to the consensus estimate of $110.17 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. Analysts expect that Spartan Motors will post $0.04 EPS for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, June 19th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.05 per share. This represents a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, May 13th.
Spartan Motors, Inc is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company has five wholly owned operating subsidiaries: Spartan Motors Chassis, Inc (NASDAQ:SPAR), Crimson Fire, Inc (Crimson), Crimson Fire Aerials, Inc (Crimson Aerials), Utilimaster Corporation (Utilimaster) and Classic Fire LLC (Classic Fire).
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