Centaurus Financial Inc. purchased a new stake in Spartan Motors Inc (NASDAQ:SPAR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 47,279 shares of the company’s stock, valued at approximately $745,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPAR. Voya Investment Management LLC grew its position in shares of Spartan Motors by 18.9% in the 2nd quarter. Voya Investment Management LLC now owns 19,185 shares of the company’s stock valued at $170,000 after buying an additional 3,049 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Spartan Motors in the 4th quarter valued at about $179,000. Alliancebernstein L.P. acquired a new position in shares of Spartan Motors in the 2nd quarter valued at about $208,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Spartan Motors in the 4th quarter valued at about $237,000. Finally, Royal Bank of Canada lifted its stake in shares of Spartan Motors by 213.5% in the 2nd quarter. Royal Bank of Canada now owns 27,755 shares of the company’s stock valued at $245,000 after purchasing an additional 18,903 shares during the period. Hedge funds and other institutional investors own 67.43% of the company’s stock.
In related news, insider John W. Slawson sold 21,191 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $15.42, for a total transaction of $326,765.22. Following the transaction, the insider now directly owns 111,165 shares of the company’s stock, valued at approximately $1,714,164.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.72% of the stock is currently owned by corporate insiders.
A number of brokerages have recently issued reports on SPAR. BidaskClub downgraded Spartan Motors from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded Spartan Motors from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. TheStreet raised Spartan Motors from a “c+” rating to a “b” rating in a research note on Thursday, November 2nd. ValuEngine downgraded Spartan Motors from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Sidoti began coverage on Spartan Motors in a research note on Friday, December 1st. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.00.
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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.
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