Spartan Motors Inc (SPAR) CFO Frederick J. Sohm Purchases 3,000 Shares of Stock

Spartan Motors Inc (NASDAQ:SPAR) CFO Frederick J. Sohm acquired 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The shares were acquired at an average price of $7.11 per share, for a total transaction of $21,330.00. Following the acquisition, the chief financial officer now directly owns 116,950 shares of the company’s stock, valued at $831,514.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Spartan Motors Inc (NASDAQ:SPAR) traded down 1.34% during midday trading on Monday, hitting $7.35. The stock had a trading volume of 158,102 shares. The stock has a market cap of $252.73 million, a PE ratio of 29.40 and a beta of 1.12. The firm has a 50 day moving average price of $7.57 and a 200 day moving average price of $8.69. Spartan Motors Inc has a one year low of $3.87 and a one year high of $10.50.

Spartan Motors (NASDAQ:SPAR) last released its earnings results on Thursday, February 23rd. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm earned $145.85 million during the quarter, compared to the consensus estimate of $138.40 million. Spartan Motors had a positive return on equity of 3.85% and a negative net margin of 0.30%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.28) earnings per share. Equities analysts expect that Spartan Motors Inc will post $0.35 EPS for the current year.

Insider Buying and Selling by Quarter for Spartan Motors (NASDAQ:SPAR)

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Several equities research analysts have recently issued reports on SPAR shares. Zacks Investment Research upgraded Spartan Motors from a “hold” rating to a “strong-buy” rating and set a $9.50 price objective on the stock in a report on Tuesday, January 24th. Roth Capital started coverage on Spartan Motors in a report on Wednesday, January 25th. They set a “buy” rating and a $12.00 price objective on the stock.

A number of large investors have recently added to or reduced their stakes in the company. Tudor Investment Corp Et Al increased its stake in Spartan Motors by 1.5% in the fourth quarter. Tudor Investment Corp Et Al now owns 12,226 shares of the company’s stock worth $113,000 after buying an additional 183 shares during the period. Smith Asset Management Group LP increased its stake in Spartan Motors by 1.9% in the third quarter. Smith Asset Management Group LP now owns 19,780 shares of the company’s stock worth $189,000 after buying an additional 370 shares during the period. Exchange Capital Management Inc. increased its stake in Spartan Motors by 10.0% in the fourth quarter. Exchange Capital Management Inc. now owns 27,500 shares of the company’s stock worth $254,000 after buying an additional 2,500 shares during the period. Federated Investors Inc. PA increased its stake in Spartan Motors by 10.0% in the fourth quarter. Federated Investors Inc. PA now owns 68,640 shares of the company’s stock worth $635,000 after buying an additional 6,266 shares during the period. Finally, Allianz Asset Management AG increased its stake in Spartan Motors by 18.7% in the fourth quarter. Allianz Asset Management AG now owns 43,645 shares of the company’s stock worth $404,000 after buying an additional 6,880 shares during the period. Hedge funds and other institutional investors own 67.30% of the company’s stock.

Spartan Motors Company Profile

Spartan Motors, Inc is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company operates through three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Company’s Emergency Response Vehicles segment engineers and manufactures emergency response chassis, emergency response bodies and aerial equipment.

5 Day Chart for NASDAQ:SPAR

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