Spartan Motors, Inc. (NASDAQ:SPAR) is expected to pay $0.05 on Dec 15, 2016. The indicated annual dividend is $0.10. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Spartan Motors, Inc.’s current price of $7.80, the dividend is 0.64%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 7, 2016. The stock increased 2.63% or $0.2 during the last trading session, hitting $7.8. Spartan Motors Inc (NASDAQ:SPAR) has risen 75.28% since April 7, 2016 and is uptrending. It has outperformed by 70.50% the S&P500.
Spartan Motors, Inc. is an engineer and maker in the heavy-duty, custom vehicles marketplace. The company has a market cap of $250.24 million. The Firm operates through three divisions: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. It currently has negative earnings. The Company’s Emergency Response Vehicles segment engineers and makes emergency response chassis, emergency response bodies and aerial equipment.
Insitutional Activity: The institutional sentiment increased to 2.62 in 2016 Q2. Its up 1.43, from 1.19 in 2016Q1. The ratio is positive, as 13 funds sold all Spartan Motors Inc shares owned while 13 reduced positions. 40 funds bought stakes while 28 increased positions. They now own 23.03 million shares or 0.97% less from 23.26 million shares in 2016Q1.
Springbok Mgmt Lc last reported 0.01% of its portfolio in the stock. Tci Wealth Advisors last reported 1,200 shares in the company. Price T Rowe Associates Inc Md last reported 59,400 shares in the company. Morgan Stanley last reported 192,567 shares in the company. Blackrock Institutional Trust Na last reported 0% of its portfolio in the stock. Walleye Trading Ltd Company holds 0% of its portfolio in Spartan Motors Inc (NASDAQ:SPAR) for 10,800 shares. Hillsdale Mngmt, a Ontario – Canada-based fund reported 76,100 shares. Tfs Limited accumulated 171,234 shares or 0.2% of the stock. Victory Capital Incorporated holds 0% or 91,849 shares in its portfolio. The California-based Blackrock Fund Advsrs has invested 0% in Spartan Motors Inc (NASDAQ:SPAR). Metropolitan Life Ins Ny, a New York-based fund reported 26,557 shares. Legal And General Gru Public Ltd Com owns 5,908 shares or 0% of their US portfolio. Fincl Consulate, a Maryland-based fund reported 10,000 shares. Jpmorgan Chase, a New York-based fund reported 21,343 shares. Prudential Financial Incorporated owns 36,100 shares or 0% of their US portfolio.
Insider Transactions: Since May 10, 2016, the stock had 0 insider purchases, and 2 insider sales for $227,230 net activity. $35,498 worth of Spartan Motors Inc (NASDAQ:SPAR) was sold by KACZMAREK KENNETH. Harbour Ronald Edward sold $11,781 worth of stock. On Tuesday, May 10 the insider Sohm Frederick J. bought $28,250.
Spartan Motors Inc (NASDAQ:SPAR) Ratings Coverage
Out of 2 analysts covering Spartan Motors (NASDAQ:SPAR), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Spartan Motors has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Spartan Motors Inc (NASDAQ:SPAR) earned “Buy” rating by Craig Hallum on Tuesday, July 26. Zacks upgraded Spartan Motors Inc (NASDAQ:SPAR) on Thursday, August 6 to “Hold” rating. The firm has “Neutral” rating by Seaport Global Securities given on Friday, November 6. The firm earned “Buy” rating on Saturday, August 8 by Zacks.
More notable recent Spartan Motors Inc (NASDAQ:SPAR) news were published by: Prnewswire.com which released: “Spartan Motors Announces Dividend” on November 07, 2016, also Prnewswire.com with their article: “Spartan Motors Conference Call and Webcast of Third-Quarter 2016 Results …” published on October 20, 2016, Prnewswire.com published: “United States Postal Service Awards Spartan Motors’ Utilimaster Prototype …” on September 22, 2016. More interesting news about Spartan Motors Inc (NASDAQ:SPAR) were released by: Detroitnews.com and their article: “Under new CEO, Spartan Motors looks to future” published on March 05, 2015 as well as Prnewswire.com‘s news article titled: “Spartan Motors Conference Call and Webcast of Second-Quarter 2016 Results …” with publication date: July 21, 2016.
SPAR Company Profile
Spartan Motors, Inc., incorporated on September 18, 1975, is an engineer and maker of specialized motor vehicle chassis and bodies. The Company’s principal chassis markets are emergency response vehicles, motor homes and other specialty vehicles. The Company’s operating activities are conducted through its operating subsidiary, Spartan Motors USA, Inc. (Spartan USA), with locations in Charlotte, Michigan; Brandon, South Dakota; Ephrata, Pennsylvania, and Bristol and Wakarusa, Indiana. The Firm operates through three divisions: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Company’s Charlotte, Michigan location makes heavy duty chassis and vehicles, and supplies aftermarket parts and services under the Spartan Chassis and Spartan ERV brand names. The Company’s Brandon, South Dakota and Ephrata, Pennsylvania locations manufacture emergency response vehicles under the Spartan ERV brand name, while its Bristol and Wakarusa, Indiana locations manufacture delivery and service vehicles and supply related aftermarket parts and services under the Utilimaster brand name.
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