Insider Selling: Span-America Medical Systems Inc. (SPAN) CFO Sells 1,000 Shares of Stock
Span-America Medical Systems Inc. (NASDAQ:SPAN) CFO Richard C. Coggins sold 1,000 shares of the business’s stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $18.22, for a total transaction of $18,220.00. Following the sale, the chief financial officer now owns 33,650 shares of the company’s stock, valued at $613,103. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Span-America Medical Systems Inc. (NASDAQ:SPAN) opened at 18.30 on Friday. The stock has a 50 day moving average price of $18.01 and a 200 day moving average price of $18.17. Span-America Medical Systems Inc. has a 1-year low of $16.92 and a 1-year high of $20.00. The stock has a market capitalization of $50.42 million, a price-to-earnings ratio of 12.48 and a beta of 0.33.
Span-America Medical Systems (NASDAQ:SPAN) last issued its earnings results on Thursday, August 4th. The company reported $0.34 EPS for the quarter. The business had revenue of $15.30 million for the quarter, compared to analyst estimates of $15.80 million. Span-America Medical Systems had a net margin of 6.78% and a return on equity of 18.82%. Equities research analysts anticipate that Span-America Medical Systems Inc. will post $0.86 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Tuesday, August 16th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.50%. The ex-dividend date was Friday, August 12th. Span-America Medical Systems’s payout ratio is 43.54%.
About Span-America Medical Systems
SpanAmerica Medical Systems, Inc (Span-America) manufactures therapeutic support surfaces, medical bed frames, patient positioners, mattress overlays and wheelchair cushions for the medical market. The Company also manufactures foam mattress pads and pillows for the consumer bedding market, as well as a range of foam products for the industrial market.
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