Spartan Motors Inc (NASDAQ:SPAR) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company.
Several equities analysts recently commented on SPAR shares. ValuEngine cut shares of Spartan Motors from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. BidaskClub cut shares of Spartan Motors from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research cut shares of Spartan Motors from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th.
NASDAQ:SPAR opened at $11.04 on Tuesday. The firm has a market cap of $388.51 million, a P/E ratio of 20.83 and a beta of 0.55. Spartan Motors has a one year low of $10.87 and a one year high of $19.45. The company has a quick ratio of 1.28, a current ratio of 1.78 and a debt-to-equity ratio of 0.10.
In related news, insider Stephen K. Guillaume sold 4,144 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $15.23, for a total transaction of $63,113.12. Following the completion of the transaction, the insider now directly owns 63,429 shares in the company, valued at approximately $966,023.67. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.22% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Strs Ohio increased its holdings in Spartan Motors by 9.9% in the 2nd quarter. Strs Ohio now owns 51,100 shares of the company’s stock valued at $771,000 after buying an additional 4,600 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Spartan Motors by 44.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 99,610 shares of the company’s stock valued at $1,505,000 after buying an additional 30,765 shares during the period. Macquarie Group Ltd. increased its holdings in Spartan Motors by 181.9% in the 2nd quarter. Macquarie Group Ltd. now owns 38,903 shares of the company’s stock valued at $587,000 after buying an additional 25,103 shares during the period. BlueMountain Capital Management LLC bought a new stake in Spartan Motors in the 2nd quarter valued at $1,312,000. Finally, Capital Fund Management S.A. bought a new stake in Spartan Motors in the 2nd quarter valued at $216,000. 67.82% of the stock is currently owned by hedge funds and other institutional investors.
About Spartan Motors
Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and purpose-built specialty 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.
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