Insider Selling: Knight Transportation Inc Sells 111,400 Shares of USA Truck Stock (USAK)
USA Truck (NASDAQ:USAK) major shareholder Knight Transportation Inc sold 111,400 shares of the company’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $17.09, for a total value of $1,903,826.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
USA Truck (NASDAQ:USAK) traded down 2.08% during mid-day trading on Thursday, hitting $16.71. The stock had a trading volume of 31,397 shares. USA Truck has a one year low of $5.28 and a one year high of $19.57. The stock has a 50-day moving average of $16.66 and a 200-day moving average of $14.82. The company’s market cap is $172.5 million.
USA Truck (NASDAQ:USAK) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.07. The company had revenue of $145.50 million for the quarter, compared to the consensus estimate of $139.23 million. During the same quarter in the previous year, the company posted ($0.24) earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that USA Truck will post $-0.05 EPS 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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