Daseke Target of Unusually High Options Trading (DSKE)

Daseke Inc (NASDAQ:DSKE) saw unusually large options trading activity on Thursday. Traders bought 861 put options on the company. This is an increase of approximately 1,205% compared to the average volume of 66 put options.

Shares of Daseke (NASDAQ:DSKE) opened at $10.66 on Friday. The company has a quick ratio of 2.89, a current ratio of 2.88 and a debt-to-equity ratio of 2.05. The company has a market cap of $473.22 and a P/E ratio of -12.84. Daseke has a 1-year low of $8.76 and a 1-year high of $14.52.

Several large investors have recently bought and sold shares of DSKE. Schwab Charles Investment Management Inc. raised its holdings in shares of Daseke by 93.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 137,320 shares of the company’s stock worth $1,963,000 after purchasing an additional 66,176 shares during the period. Mutual of America Capital Management LLC raised its holdings in shares of Daseke by 58.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 324,191 shares of the company’s stock worth $4,633,000 after purchasing an additional 119,428 shares during the period. Malaga Cove Capital LLC raised its holdings in shares of Daseke by 16.7% in the 4th quarter. Malaga Cove Capital LLC now owns 144,303 shares of the company’s stock worth $2,062,000 after purchasing an additional 20,611 shares during the period. Boston Partners bought a new stake in shares of Daseke in the 4th quarter worth approximately $5,375,000. Finally, Emerald Advisers Inc. PA raised its holdings in shares of Daseke by 53.5% in the 4th quarter. Emerald Advisers Inc. PA now owns 1,168,230 shares of the company’s stock worth $16,694,000 after purchasing an additional 407,273 shares during the period. 37.89% of the stock is currently owned by institutional investors.

A number of research firms recently commented on DSKE. BidaskClub cut shares of Daseke from a “hold” rating to a “sell” rating in a report on Saturday. Northland Securities reaffirmed a “buy” rating and issued a $17.50 price target on shares of Daseke in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Daseke presently has a consensus rating of “Buy” and an average price target of $14.88.

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Daseke Company Profile

Daseke, Inc is a consolidator of the open deck freight market in North America. The Company provides open deck transportation and logistics. It operates through two segments: Flatbed Solutions and Specialized Solutions. The Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment.

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