Spartan Motors COO Daryl M. Adams Purchases 5,000 Shares (SPAR)
Spartan Motors (NASDAQ:SPAR) COO Daryl M. Adams bought 5,000 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was purchased at an average price of $5.39 per share, for a total transaction of $26,950.00. Following the purchase, the chief operating officer now directly owns 5,000 shares of the company’s stock, valued at approximately $26,950. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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 (NASDAQ:SPAR) traded up 1.29% during mid-day trading on Thursday, hitting $5.48. The stock had a trading volume of 69,139 shares. Spartan Motors has a 52 week low of $4.26 and a 52 week high of $7.18. The stock has a 50-day moving average of $4.77 and a 200-day moving average of $5.07. The company’s market cap is $187.8 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.
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).
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