Insider Selling: Elizabeth A. Nickels Sells 10,852 Shares of Spartan Stores Stock (SPTN)
Spartan Stores (NASDAQ:SPTN) Director Elizabeth A. Nickels sold 10,852 shares of the stock on the open market in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $21.74, for a total transaction of $235,922.48. Following the completion of the transaction, the director now directly owns 27,306 shares in the company, valued at approximately $593,632. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Spartan Stores (NASDAQ:SPTN) traded down 0.32% during mid-day trading on Thursday, hitting $21.70. The stock had a trading volume of 85,675 shares. Spartan Stores has a 1-year low of $19.44 and a 1-year high of $25.74. The stock’s 50-day moving average is $21.5 and its 200-day moving average is $21.99. The company has a market cap of $818.6 million and a price-to-earnings ratio of 50.16.
Spartan Stores (NASDAQ:SPTN) last posted its quarterly 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. On average, analysts predict that Spartan Stores will post $1.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders 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 2.21%. 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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