USA Truck, Inc. (USAK) Director Acquires $61,500.00 in Stock
USA Truck, Inc. (NASDAQ:USAK) Director Gary Enzor bought 7,500 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $8.20 per share, for a total transaction of $61,500.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
USA Truck, Inc. (NASDAQ USAK) traded up 2.86% on Wednesday, reaching $9.35. The company had a trading volume of 127,893 shares. The firm’s market capitalization is $75.05 million. The stock has a 50 day moving average of $8.93 and a 200 day moving average of $7.88. USA Truck, Inc. has a 12 month low of $5.73 and a 12 month high of $13.00.
USA Truck (NASDAQ:USAK) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.24. The company had revenue of $107.40 million for the quarter, compared to analyst estimates of $103.75 million. USA Truck had a negative return on equity of 20.68% and a negative net margin of 2.94%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) earnings per share. On average, analysts anticipate that USA Truck, Inc. will post ($0.96) EPS for the current year.
USAK has been the topic of several research analyst reports. ValuEngine raised USA Truck from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Zacks Investment Research lowered USA Truck from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Cowen and Company reissued a “buy” rating and set a $8.00 target price on shares of USA Truck in a research report on Tuesday, July 11th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.63.
Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of USA Truck by 204.7% in the second quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock worth $120,000 after buying an additional 9,289 shares during the last quarter. Citigroup Inc. boosted its stake in shares of USA Truck by 44.0% in the second quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock worth $127,000 after buying an additional 4,470 shares during the last quarter. Callahan Advisors LLC bought a new stake in shares of USA Truck during the second quarter worth $132,000. Russell Investments Group Ltd. bought a new stake in shares of USA Truck during the fourth quarter worth $174,000. Finally, LMR Partners LLP bought a new stake in shares of USA Truck during the second quarter worth $198,000. Institutional investors and hedge funds own 65.86% of the company’s stock.
USA Truck Company Profile
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.
Receive News & Ratings for USA Truck Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Truck Inc. and related companies with MarketBeat.com's FREE daily email newsletter.