Insider Buying: John E. Sztykiel Buys 20,000 Shares of Spartan Motors Stock (SPAR)
Spartan Motors (NASDAQ:SPAR) CEO John E. Sztykiel acquired 20,000 shares of Spartan Motors stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average price of $4.73 per share, with a total value of $94,600.00. Following the transaction, the chief executive officer now directly owns 591,615 shares in the company, valued at approximately $2,798,339. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Spartan Motors (NASDAQ:SPAR) traded up 2.35% during mid-day trading on Thursday, hitting $4.79. 48,108 shares of the company’s stock traded hands. Spartan Motors has a one year low of $4.26 and a one year high of $7.18. The stock has a 50-day moving average of $4.57 and a 200-day moving average of $5.12. The company’s market cap is $164.2 million.
Spartan Motors (NASDAQ:SPAR) last released its earnings data on Tuesday, August 5th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.06. The company had revenue of $115.80 million for the quarter, compared to the consensus estimate of $124.12 million. During the same quarter last year, the company posted $0.02 earnings per share. Spartan Motors’s revenue was down 4.2% compared to the same quarter last year. On average, analysts predict that Spartan Motors will post $0.06 earnings per share for the current fiscal year.
Separately, analysts at Global Hunter Securities upgraded shares of Spartan Motors from a “neutral” rating to an “accumulate” rating in a research note on Wednesday, August 6th. They now have a $5.50 price target on the stock.
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).
Receive News & Ratings for Spartan Motors Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spartan Motors Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.