Span-America Medical Systems Inc. (SPAN) VP Fredrick C. Herlong Sells 750 Shares of Stock
Span-America Medical Systems Inc. (NASDAQ:SPAN) VP Fredrick C. Herlong sold 750 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $18.59, for a total value of $13,942.50. Following the transaction, the vice president now directly owns 6,411 shares of the company’s stock, valued at approximately $119,180.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Span-America Medical Systems Inc. (NASDAQ:SPAN) traded up 0.01% during trading on Tuesday, hitting $18.77. The company’s stock had a trading volume of 284 shares. The company has a 50-day moving average price of $18.33 and a 200-day moving average price of $18.04. Span-America Medical Systems Inc. has a one year low of $16.92 and a one year high of $19.88. The stock has a market cap of $51.71 million, a PE ratio of 12.80 and a beta of 0.19.
Span-America Medical Systems (NASDAQ:SPAN) last released its quarterly earnings results on Monday, November 14th. The company reported $0.51 earnings per share (EPS) for the quarter. Span-America Medical Systems had a return on equity of 16.83% and a net margin of 6.28%. The firm had revenue of $16 million for the quarter, compared to analyst estimates of $17.70 million. Equities analysts predict that Span-America Medical Systems Inc. will post $0.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Tuesday, November 22nd will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Friday, November 18th. Span-America Medical Systems’s dividend payout ratio is currently 41.29%.
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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