USA Truck Major Shareholder Acquires $325,968 in Stock (USAK)
USA Truck (NASDAQ:USAK) major shareholder Knight Transportation Inc purchased 36,421 shares of the stock on the open market in a transaction that occurred on Tuesday, October 1st. The shares were purchased at an average cost of $8.95 per share, for a total transaction of $325,967.95. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of analysts have recently weighed in on USAK shares. Analysts at Zacks downgraded shares of USA Truck (NASDAQ:USAK) to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $6.90 price target on the stock. Analysts at Sidoti upgraded shares of USA Truck (NASDAQ:USAK) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 5th.
Shares of USA Truck (NASDAQ:USAK) traded up 0.45% during mid-day trading on Thursday, hitting $8.97. The stock had a trading volume of 40,308 shares. USA Truck has a 1-year low of $2.65 and a 1-year high of $9.33. The stock’s 50-day moving average is $6.29 and its 200-day moving average is $5.95. The company’s market cap is $92.6 million.
USA Truck (NASDAQ:USAK) last released its earnings data on Wednesday, July 24th. The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.04. The company had revenue of $139.70 million for the quarter, compared to the consensus estimate of $139.28 million. During the same quarter last year, the company posted ($0.34) earnings per share. USA Truck’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that USA Truck will post $-0.47 earnings per share for the current fiscal year.
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States, into and out of Mexico and into and out of portions of Canada.
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