Insider Selling: Elizabeth A. Nickels Sells 12,000 Shares of Spartan Stores Stock (SPTN)
Spartan Stores (NASDAQ:SPTN) Director Elizabeth A. Nickels sold 12,000 shares of Spartan Stores stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $22.00, for a total value of $264,000.00. Following the transaction, the director now directly owns 27,306 shares of the company’s stock, valued at approximately $600,732. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Spartan Stores (NASDAQ:SPTN) traded down 0.46% on Tuesday, hitting $21.52. 23,472 shares of the company’s stock traded hands. Spartan Stores has a one year low of $19.44 and a one year high of $25.74. The stock has a 50-day moving average of $21.46 and a 200-day moving average of $22.01. The company has a market cap of $811.8 million and a P/E ratio of 49.82.
Spartan Stores (NASDAQ:SPTN) last announced its earnings results on Wednesday, August 13th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.07. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.83 billion. Analysts expect that Spartan Stores will post $1.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Friday, September 12th.
Spartan Stores, Inc is a regional grocery distributor and grocery retailer, operating principally in Michigan and Indiana.
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