Spartan Motors Inc (SPAR): Frederick J. Sohm , CFO of Spartan Motors Inc purchased 5,000 shares on May 10, 2016. The Insider buying transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.65 per share for a total value of $28,250.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, Richard R Current (director) purchased 3,083 shares at $5.60 per share price.On Mar 22, 2016, John W Slawson (Pres., Spartan Emer. Response) purchased 2,600 shares at $3.87 per share price.Also, On Mar 7, 2016, Frederick J. Sohm (CFO) purchased 6,000 shares at $3.88 per share price.On Mar 3, 2016, Richard F Dauch (director) purchased 10,000 shares at $3.64 per share price.
Spartan Motors Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Spartan Motors Inc which led to swings in the share price. The shares opened for trading at $5.63 and hit $5.99 on the upside , eventually ending the session at $5.92, with a gain of 5.71% or 0.32 points. The heightened volatility saw the trading volume jump to 4,18,232 shares. The 52-week high of the share price is $5.99 and the company has a market cap of $204 M . The 52-week low of the share price is at $2.61.
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. The Delivery and Service Vehicles segment manufactures delivery and service vehicles through the Company’s subsidiary Utilimaster Corporation (Utilimaster). The Company’s Specialty Chassis and Vehicles segment consists of the operations of Spartan Motors Chassis Inc. (Spartan Chassis) that engineer and manufacture motor home chassis defense vehicles and other specialty chassis and distribute related aftermarket parts and assemblies. The Company markets its products under brands such as Spartan ERV Aeromaster Trademaster Metromaster and Utilivan.