John Forbes President, Utilimaster Corp at Spartan Motors Inc. (NASDAQ:SPAR) boosted 5,000 shares of common stock, at a price of $5.11 per share. Following the transaction, Mr. Forbes directly owns 54,519 shares at the $175.78 million Market Cap Company, and another 2,000 shares indirectly, by Spouse. Mr. Forbes’ acquisition has been the only one registered by the company over the course of this year. The only insider purchase pior to this acquisition was President & Ceo John Sztykiel’s, who bought 90,000 shares, at prices ranging from $ 6.04 to $ 6.64, during Q3 and Q4 2013.
Additionally, two hedge funds have increased their stake at Spartan Motors Inc. (NASDAQ:SPAR) over the last reported quarter. John W. Rogers’s Ariel Investments, amplified its activity by 8%, and Chuck Royce’s Royce & Associates, enlarged its shareholding by 16%. Ariel Investments holds currently more than 3.7 million shares, worth about $19 million, accounting for 0.23% of the fund’s Equity Portfolio. Royce & Associates has more than 1.4 million shares, valued at $7 million, and representing 0.02% of the fund’s Equity Portfolio.
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