Spartan Motors, Inc. (SPAR) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in Spartan Motors, Inc. (NASDAQ:SPAR) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,890,436 shares of the company’s stock after buying an additional 78,188 shares during the period. Dimensional Fund Advisors LP owned approximately 8.41% of Spartan Motors worth $23,123,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. ClariVest Asset Management LLC bought a new stake in shares of Spartan Motors during the first quarter worth approximately $101,000. Airain ltd bought a new stake in shares of Spartan Motors during the first quarter worth approximately $114,000. TFS Capital LLC acquired a new position in shares of Spartan Motors during the first quarter valued at about $123,000. Eqis Capital Management Inc. raised its position in shares of Spartan Motors by 46.7% in the first quarter. Eqis Capital Management Inc. now owns 15,358 shares of the company’s stock valued at $123,000 after buying an additional 4,888 shares during the period. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of Spartan Motors during the first quarter valued at about $145,000. 64.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Spartan Motors, Inc. (NASDAQ:SPAR) traded up 1.73% during mid-day trading on Friday, reaching $8.80. 117,752 shares of the company’s stock traded hands. The company has a 50 day moving average of $8.90 and a 200 day moving average of $8.26. Spartan Motors, Inc. has a 12 month low of $6.30 and a 12 month high of $10.50. The company has a market cap of $308.82 million, a price-to-earnings ratio of 82.24 and a beta of 1.11.

Spartan Motors (NASDAQ:SPAR) last issued its earnings results on Thursday, August 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Spartan Motors had a return on equity of 5.57% and a net margin of 0.59%. The company had revenue of $169.70 million for the quarter, compared to analysts’ expectations of $167.83 million. During the same period last year, the business earned $0.19 EPS. Spartan Motors’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts expect that Spartan Motors, Inc. will post $0.50 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Spartan Motors, Inc. (SPAR) Shares Bought by Dimensional Fund Advisors LP” was first published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.com-unik.info/2017/08/19/dimensional-fund-advisors-lp-purchases-78188-shares-of-spartan-motors-inc-spar-updated.html.

Several brokerages have recently issued reports on SPAR. Zacks Investment Research lowered shares of Spartan Motors from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. TheStreet raised shares of Spartan Motors from a “c” rating to a “b-” rating in a research note on Monday, May 15th. BidaskClub lowered shares of Spartan Motors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Roth Capital set a $12.00 price objective on shares of Spartan Motors and gave the stock a “buy” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $10.67.

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.

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

What are top analysts saying about Spartan Motors Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Spartan Motors Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit