USA Truck, Inc. (NASDAQ:USAK) insider James D. Reed acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was acquired at an average cost of $19.62 per share, for a total transaction of $19,620.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ:USAK opened at $20.95 on Friday. The stock has a market capitalization of $178.52 million, a price-to-earnings ratio of -37.41 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.04 and a current ratio of 1.05. USA Truck, Inc. has a 12-month low of $15.85 and a 12-month high of $29.15.
USA Truck (NASDAQ:USAK) last announced its quarterly earnings data on Friday, October 26th. The transportation company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.05. The business had revenue of $132.58 million for the quarter, compared to analyst estimates of $133.30 million. USA Truck had a net margin of 4.20% and a return on equity of 14.44%. Analysts forecast that USA Truck, Inc. will post 1.41 earnings per share for the current year.
A number of equities research analysts recently commented on the stock. Cowen lowered their price objective on shares of USA Truck from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, October 29th. Zacks Investment Research lowered shares of USA Truck from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. TheStreet upgraded shares of USA Truck from a “c” rating to a “b-” rating in a report on Friday, October 26th. ValuEngine lowered shares of USA Truck from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Finally, Stifel Nicolaus set a $30.00 target price on shares of USA Truck and gave the company a “buy” rating in a report on Monday, October 29th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.25.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of USA Truck by 1.8% during the 3rd quarter. BlackRock Inc. now owns 643,548 shares of the transportation company’s stock worth $13,019,000 after acquiring an additional 11,674 shares during the period. Martingale Asset Management L P lifted its holdings in shares of USA Truck by 184.0% during the 3rd quarter. Martingale Asset Management L P now owns 37,541 shares of the transportation company’s stock worth $760,000 after acquiring an additional 24,321 shares during the period. Campbell & CO Investment Adviser LLC lifted its holdings in shares of USA Truck by 53.8% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 18,300 shares of the transportation company’s stock worth $370,000 after acquiring an additional 6,400 shares during the period. Prudential Financial Inc. purchased a new position in shares of USA Truck during the 3rd quarter worth about $357,000. Finally, Systematic Financial Management LP lifted its holdings in shares of USA Truck by 30.8% during the 3rd quarter. Systematic Financial Management LP now owns 57,690 shares of the transportation company’s stock worth $1,167,000 after acquiring an additional 13,580 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “USA Truck, Inc. (USAK) Insider James D. Reed Acquires 1,000 Shares” was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.thelincolnianonline.com/2018/11/10/usa-truck-inc-usak-insider-james-d-reed-acquires-1000-shares.html.
About USA Truck
USA Truck, Inc, a truckload carrier, provides general commodities transportation services in the United States, Mexico, and Canada. It operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload services as a medium to long-haul common carrier; and dedicated freight services.
Featured Story: Cash Flow Analysis in Stock Selection
Receive News & Ratings for USA Truck Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Truck and related companies with MarketBeat.com's FREE daily email newsletter.