Insider Buying: USA Truck, Inc. (USAK) Director Purchases 3,300 Shares of Stock
USA Truck, Inc. (NASDAQ:USAK) Director Thomas M. Glaser acquired 3,300 shares of the business’s stock in a transaction on Friday, May 12th. The shares were purchased at an average price of $6.00 per share, with a total value of $19,800.00. Following the completion of the purchase, the director now owns 18,227 shares in the company, valued at approximately $109,362. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
USA Truck, Inc. (NASDAQ:USAK) traded down 2.97% during midday trading on Tuesday, reaching $5.89. The company’s stock had a trading volume of 98,680 shares. The firm’s market capitalization is $47.11 million. USA Truck, Inc. has a 52 week low of $5.78 and a 52 week high of $20.77. The company’s 50-day moving average is $6.94 and its 200 day moving average is $8.44.
USA Truck (NASDAQ:USAK) last released its earnings results on Thursday, May 4th. The transportation company reported ($0.55) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.45. The firm had revenue of $101.70 million during the quarter, compared to analysts’ expectations of $108.80 million. USA Truck had a negative return on equity of 5.21% and a negative net margin of 1.79%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. Analysts expect that USA Truck, Inc. will post ($0.33) earnings per share for the current fiscal year.
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Several equities research analysts have commented on USAK shares. Zacks Investment Research upgraded USA Truck from a “sell” rating to a “buy” rating and set a $8.25 price objective for the company in a research note on Wednesday, April 12th. Avondale Partners upgraded USA Truck from an “underperform” rating to a “market perform” rating and set a $7.25 price objective for the company in a research note on Wednesday, February 8th. They noted that the move was a valuation call. Finally, Cowen and Company reiterated an “outperform” rating and set a $8.00 price objective (down from $11.00) on shares of USA Truck in a research note on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. USA Truck has a consensus rating of “Hold” and an average target price of $8.13.
A number of hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in USA Truck during the fourth quarter valued at approximately $174,000. Trexquant Investment LP purchased a new stake in USA Truck during the fourth quarter valued at approximately $183,000. Horrell Capital Management Inc. boosted its stake in USA Truck by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the transportation company’s stock valued at $200,000 after buying an additional 100 shares during the last quarter. Oxford Asset Management boosted its stake in USA Truck by 31.6% in the fourth quarter. Oxford Asset Management now owns 26,791 shares of the transportation company’s stock valued at $233,000 after buying an additional 6,437 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in USA Truck by 436.0% in the first quarter. Bank of America Corp DE now owns 32,540 shares of the transportation company’s stock valued at $240,000 after buying an additional 26,469 shares during the last quarter. 66.84% of the stock is owned by hedge funds and other institutional investors.
About USA Truck
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.
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