Monarch Partners Asset Management LLC Buys 309,159 Shares of Spartan Motors Inc (NASDAQ:SPAR)

Monarch Partners Asset Management LLC increased its stake in Spartan Motors Inc (NASDAQ:SPAR) by 952.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,616 shares of the company’s stock after acquiring an additional 309,159 shares during the quarter. Monarch Partners Asset Management LLC owned 0.97% of Spartan Motors worth $4,687,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Spartan Motors by 2.0% in the 2nd quarter. BlackRock Inc. now owns 2,332,562 shares of the company’s stock valued at $25,565,000 after acquiring an additional 45,065 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Spartan Motors by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,639,260 shares of the company’s stock valued at $17,966,000 after acquiring an additional 56,871 shares in the last quarter. Zuckerman Investment Group LLC increased its stake in shares of Spartan Motors by 1.4% in the 2nd quarter. Zuckerman Investment Group LLC now owns 1,273,967 shares of the company’s stock valued at $13,963,000 after acquiring an additional 17,680 shares in the last quarter. Centaurus Financial Inc. increased its stake in shares of Spartan Motors by 12,223.0% in the 2nd quarter. Centaurus Financial Inc. now owns 1,008,266 shares of the company’s stock valued at $11,051,000 after acquiring an additional 1,000,084 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Spartan Motors by 82.1% in the 2nd quarter. Wells Fargo & Company MN now owns 767,326 shares of the company’s stock valued at $8,410,000 after acquiring an additional 346,055 shares in the last quarter. Institutional investors own 69.90% of the company’s stock.

NASDAQ SPAR traded down $0.06 during mid-day trading on Friday, hitting $17.62. The company’s stock had a trading volume of 185,200 shares, compared to its average volume of 183,253. The company’s 50 day simple moving average is $14.90 and its 200 day simple moving average is $11.74. Spartan Motors Inc has a twelve month low of $6.97 and a twelve month high of $19.31. The company has a current ratio of 1.72, a quick ratio of 1.19 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $634.72 million, a price-to-earnings ratio of 36.71 and a beta of 1.43.

Spartan Motors (NASDAQ:SPAR) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.08. Spartan Motors had a net margin of 1.70% and a return on equity of 11.81%. The business had revenue of $288.95 million during the quarter, compared to the consensus estimate of $231.49 million. During the same quarter last year, the firm posted $0.17 EPS. Spartan Motors’s revenue was up 27.8% compared to the same quarter last year. As a group, research analysts forecast that Spartan Motors Inc will post 0.89 EPS for the current year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, November 13th. Spartan Motors’s dividend payout ratio is 20.83%.

Several analysts recently issued reports on SPAR shares. ValuEngine raised shares of Spartan Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Craig Hallum lifted their price target on shares of Spartan Motors from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Sidoti lifted their price target on shares of Spartan Motors from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Zacks Investment Research raised shares of Spartan Motors from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research report on Tuesday. Finally, TheStreet raised shares of Spartan Motors from a “c+” rating to a “b-” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $20.33.

In other Spartan Motors news, CEO Daryl M. Adams sold 12,500 shares of Spartan Motors stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $13.69, for a total transaction of $171,125.00. Following the transaction, the chief executive officer now directly owns 614,675 shares of the company’s stock, valued at approximately $8,414,900.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 37,500 shares of company stock worth $547,500 over the last ninety days. Insiders own 4.22% of the company’s stock.

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.

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Institutional Ownership by Quarter for Spartan Motors (NASDAQ:SPAR)

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