Speedway Motorsports CEO O Bruton Smith Purchases 10,000 Shares (TRK)
Speedway Motorsports (NYSE:TRK) CEO O Bruton Smith bought 10,000 shares of the stock in a transaction dated Friday, August 15th. The shares were purchased at an average cost of $17.19 per share, for a total transaction of $171,900.00. Following the acquisition, the chief executive officer now directly owns 11,412 shares of the company’s stock, valued at approximately $196,172. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Speedway Motorsports (NYSE:TRK) opened at 17.61 on Thursday. 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 $17.71 and a 200-day moving average of $18.37. The company has a market cap of $728.8 million and a price-to-earnings ratio of 7.93.
Speedway Motorsports (NYSE:TRK) last announced its earnings results on Wednesday, July 30th. The company reported $0.66 earnings per share for the quarter, missing the analysts’ 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. Analysts expect that Speedway Motorsports will post $0.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.36%. The ex-dividend date 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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