Span-America Medical VP Buys $18,650 in Stock (SPAN)
Span-America Medical (NASDAQ:SPAN) VP Robert E. Ackley purchased 1,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $18.65 per share, for a total transaction of $18,650.00. Following the acquisition, the vice president now directly owns 10,993 shares of the company’s stock, valued at approximately $205,019. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Span-America Medical (NASDAQ:SPAN) traded down 1.61% during mid-day trading on Friday, hitting $18.90. The stock had a trading volume of 7,203 shares. Span-America Medical has a one year low of $18.09 and a one year high of $25.02. The stock has a 50-day moving average of $20.30 and a 200-day moving average of $20.85. The company has a market cap of $56.0 million and a P/E ratio of 18.12.
Span-America Medical (NASDAQ:SPAN) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.21. The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $18.62 billion. Analysts expect that Span-America Medical will post $0.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, August 12th. This is an increase from Span-America Medical’s previous quarterly dividend of $0.14.
Separately, analysts at Sidoti downgraded shares of Span-America Medical from a “buy” rating to a “neutral” rating in a research note on Wednesday.
Span-America Medical Systems, Inc manufactures and distributes a variety of therapeutic support surfaces and related products utilizing polyurethane and other foam products for the medical, consumer and industrial markets.
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