Daseke Target of Unusually Large Options Trading (NASDAQ:DSKE)

Daseke, Inc. (NASDAQ:DSKE) was the recipient of some unusual options trading activity on Monday. Investors purchased 5,813 call options on the company. This is an increase of approximately 1,430% compared to the average volume of 380 call options.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of Daseke from a “c” rating to a “d+” rating in a report on Friday.

Hedge Funds Weigh In On Daseke

Several institutional investors have recently made changes to their positions in DSKE. Bank of New York Mellon Corp lifted its stake in shares of Daseke by 28.5% in the 1st quarter. Bank of New York Mellon Corp now owns 249,855 shares of the company’s stock worth $2,516,000 after purchasing an additional 55,473 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Daseke by 248.1% in the 1st quarter. MetLife Investment Management LLC now owns 22,013 shares of the company’s stock worth $222,000 after purchasing an additional 15,689 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Daseke by 42.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 617,121 shares of the company’s stock worth $6,216,000 after purchasing an additional 182,623 shares during the period. Sei Investments Co. bought a new position in shares of Daseke in the 1st quarter worth approximately $481,000. Finally, Federated Hermes Inc. lifted its stake in shares of Daseke by 27,982.0% in the 1st quarter. Federated Hermes Inc. now owns 684,919 shares of the company’s stock worth $6,897,000 after purchasing an additional 682,480 shares during the period. Institutional investors own 54.11% of the company’s stock.

Daseke Stock Performance

Shares of NASDAQ DSKE opened at $4.40 on Tuesday. The firm’s 50-day moving average price is $4.72 and its 200-day moving average price is $5.83. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 8.37. The company has a market cap of $204.61 million, a PE ratio of 33.85 and a beta of 1.91. Daseke has a 52-week low of $4.06 and a 52-week high of $9.57.

Daseke (NASDAQ:DSKE) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Daseke had a net margin of 1.01% and a return on equity of 25.89%. The company had revenue of $402.30 million for the quarter, compared to analysts’ expectations of $407.50 million. As a group, analysts anticipate that Daseke will post -0.26 EPS for the current year.

Daseke Company Profile

Daseke, Inc provides transportation and logistics solutions in the United States, Canada, and Mexico. It operates through two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, commercial glass, high security cargo, industrial and hazardous waste, arms, ammunition and explosives, lumber, and building and construction materials, as well as heavy machinery, such as construction, mining, and agriculture.