Campbell & CO Investment Adviser LLC purchased a new stake in Spartan Motors Inc. (NASDAQ:SPAR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,591 shares of the company’s stock, valued at approximately $149,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new position in Spartan Motors during the second quarter valued at approximately $103,000. BlackRock Advisors LLC raised its position in Spartan Motors by 138.8% in the second quarter. BlackRock Advisors LLC now owns 18,845 shares of the company’s stock valued at $118,000 after buying an additional 10,953 shares in the last quarter. American International Group Inc. purchased a new position in Spartan Motors during the second quarter valued at approximately $120,000. Smith Asset Management Group LP purchased a new position in Spartan Motors during the second quarter valued at approximately $122,000. Finally, JPMorgan Chase & Co. raised its position in Spartan Motors by 180.8% in the second quarter. JPMorgan Chase & Co. now owns 21,343 shares of the company’s stock valued at $134,000 after buying an additional 13,743 shares in the last quarter. Institutional investors and hedge funds own 69.24% of the company’s stock.
Shares of Spartan Motors Inc. (NASDAQ:SPAR) traded down 1.64% during mid-day trading on Friday, hitting $9.00. The stock had a trading volume of 36,800 shares. The stock’s market cap is $309.63 million. Spartan Motors Inc. has a 12-month low of $2.61 and a 12-month high of $10.50. The company’s 50 day moving average price is $8.79 and its 200 day moving average price is $8.02.
Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Spartan Motors had a positive return on equity of 3.85% and a negative net margin of 0.30%. The firm earned $148.66 million during the quarter, compared to the consensus estimate of $147.30 million. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts predict that Spartan Motors Inc. will post $0.33 EPS for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a yield of 1.28%. Spartan Motors’s dividend payout ratio (DPR) is presently -199.96%.
Separately, Zacks Investment Research upgraded Spartan Motors from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a research note on Wednesday, August 10th.
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.
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