Speedway Motorsports CEO Acquires $171,900 in Stock (TRK)
Speedway Motorsports (NYSE:TRK) CEO O Bruton Smith bought 10,000 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The shares were purchased at an average price of $17.19 per share, for a total transaction of $171,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 11,412 shares in the company, valued at approximately $196,172. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Speedway Motorsports (NYSE:TRK) traded up 2.00% on Tuesday, hitting $17.84. The stock had a trading volume of 58,408 shares. Speedway Motorsports has a one year low of $17.12 and a one year high of $20.75. The stock has a 50-day moving average of $17.74 and a 200-day moving average of $18.39. The company has a market cap of $738.3 million and a price-to-earnings ratio of 7.90.
Speedway Motorsports (NYSE:TRK) last announced its earnings results on Wednesday, July 30th. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.01. The company had revenue of $175.90 million for the quarter, compared to the consensus estimate of $173.92 million. On average, analysts predict that Speedway Motorsports will post $0.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Wednesday, August 13th.
Speedway Motorsports, Inc (NYSE:TRK) is a promoter, marketer and sponsor of motorsports activities in the United States.
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