Cushing Asset Management LP reduced its holdings in Daseke Inc (NASDAQ:DSKE) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522,566 shares of the company’s stock after selling 39,186 shares during the quarter. Cushing Asset Management LP owned 1.18% of Daseke worth $7,467,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. California State Teachers Retirement System increased its position in shares of Daseke by 16.9% in the fourth quarter. California State Teachers Retirement System now owns 38,008 shares of the company’s stock worth $543,000 after acquiring an additional 5,483 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Daseke in the fourth quarter worth approximately $223,000. Bank of New York Mellon Corp increased its position in shares of Daseke by 25.7% in the fourth quarter. Bank of New York Mellon Corp now owns 79,528 shares of the company’s stock worth $1,136,000 after acquiring an additional 16,262 shares in the last quarter. Granite Springs Asset Management LLC purchased a new position in shares of Daseke in the fourth quarter worth approximately $236,000. Finally, Malaga Cove Capital LLC increased its position in shares of Daseke by 16.7% in the fourth quarter. Malaga Cove Capital LLC now owns 144,303 shares of the company’s stock worth $2,062,000 after acquiring an additional 20,611 shares in the last quarter. Institutional investors and hedge funds own 31.72% of the company’s stock.
In related news, Director Kevin M. Charlton sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $9.99, for a total transaction of $799,200.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 37.22% of the company’s stock.
Daseke Inc (DSKE) opened at $10.58 on Wednesday. Daseke Inc has a 1 year low of $8.76 and a 1 year high of $14.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.88 and a quick ratio of 2.89.
Daseke, Inc is a consolidator of the flatbed and specialized transportation in North America that comprises 16 operating companies. It provides open deck transportation and logistics. The Company operates through two segments: Flatbed Solutions and Specialized Solutions. The Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment.
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