Several other analysts have also recently issued reports on the company. Zacks Investment Research cut Spartan Motors from a buy rating to a hold rating in a research note on Thursday, January 2nd. TheStreet raised Spartan Motors from a c+ rating to a b- rating in a research note on Friday, October 18th. Finally, ValuEngine cut Spartan Motors from a sell rating to a strong sell rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $20.33.
Shares of NASDAQ SPAR traded down $0.06 during trading hours on Thursday, hitting $20.21. The company’s stock had a trading volume of 350,221 shares, compared to its average volume of 289,672. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.19 and a current ratio of 1.72. The stock has a market cap of $652.54 million, a price-to-earnings ratio of 42.11 and a beta of 1.47. Spartan Motors has a 12 month low of $8.22 and a 12 month high of $20.70. The business has a 50-day simple moving average of $17.91 and a 200-day simple moving average of $15.69.
In related news, CEO Daryl M. Adams sold 12,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.95, for a total value of $224,375.00. Following the sale, the chief executive officer now directly owns 551,632 shares of the company’s stock, valued at $9,901,794.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 37,500 shares of company stock worth $671,500 over the last three months. 3.78% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its position in Spartan Motors by 544.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $33,000 after acquiring an additional 1,540 shares in the last quarter. Great West Life Assurance Co. Can bought a new stake in Spartan Motors during the 4th quarter valued at approximately $41,000. Bank of Montreal Can boosted its position in Spartan Motors by 40.9% during the 4th quarter. Bank of Montreal Can now owns 4,242 shares of the company’s stock valued at $77,000 after acquiring an additional 1,232 shares in the last quarter. Anderson Fisher LLC bought a new stake in Spartan Motors during the 4th quarter valued at approximately $81,000. Finally, Aigen Investment Management LP bought a new stake in Spartan Motors during the 4th quarter valued at approximately $84,000. 72.49% of the stock is currently owned by institutional investors.
Spartan Motors Company Profile
Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, assembles, and sells specialty and heavy-duty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles.
Recommended Story: Float
Receive News & Ratings for Spartan Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spartan Motors and related companies with MarketBeat.com's FREE daily email newsletter.