Pacific Ridge Capital Partners Lowers stake in Spartan Motors Inc (SPAR)

Spartan Motors Inc (SPAR) : Pacific Ridge Capital Partners reduced its stake in Spartan Motors Inc by 28.07% during the most recent quarter end. The investment management company now holds a total of 421,710 shares of Spartan Motors Inc which is valued at $3,875,515 after selling 164,540 shares in Spartan Motors Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Spartan Motors Inc makes up approximately 1.63% of Pacific Ridge Capital Partners’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in SPAR in the latest quarter, The investment management firm added 46,170 additional shares and now holds a total of 1,393,393 shares of Spartan Motors Inc which is valued at $12,805,282. Coldstream Capital Management Inc sold out all of its stake in SPAR during the most recent quarter. The investment firm sold 25,160 shares of SPAR which is valued $231,724.Dimensional Fund Advisors Lp boosted its stake in SPAR in the latest quarter, The investment management firm added 91,737 additional shares and now holds a total of 2,434,998 shares of Spartan Motors Inc which is valued at $21,914,982. Spartan Motors Inc makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio. Acadian Asset Management added SPAR to its portfolio by purchasing 232,710 company shares during the most recent quarter which is valued at $1,661,549. Spartan Motors Inc makes up approx 0.01% of Acadian Asset Management’s portfolio.

Spartan Motors Inc (SPAR) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $9.25 and reached the intraday high at $9.47. The bulls started the profit booking and pushed the shares to intraday low of $9.11. The trading session was marked by a volume range of 2,86,597 shares exchanging hands. The 52-week high of the shares is $9.65 and the 52-week low is $2.61. The market cap of the company stands at $320 M and there are 3,44,31,043 shares in public circulation.

On the company’s financial health, Spartan Motors Inc reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.08. The company had revenue of $162.50 million for the quarter, compared to analysts expectations of $152.05 million. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on Spartan Motors Inc. Craig Hallum Initiated Spartan Motors Inc on Jul 26, 2016 to “Buy”, Price Target of the shares are set at $12.

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.

Leave a Reply

Spartan Motors Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Spartan Motors Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.