Daseke, Inc. (NASDAQ:DSKE) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its holdings in shares of Daseke, Inc. (NASDAQ:DSKE) by 17.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,137 shares of the company’s stock after selling 4,380 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Daseke were worth $163,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Daseke by 11.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,625,865 shares of the company’s stock worth $13,471,000 after purchasing an additional 277,323 shares in the last quarter. 325 Capital LLC lifted its stake in Daseke by 67.9% during the 3rd quarter. 325 Capital LLC now owns 1,422,253 shares of the company’s stock worth $7,296,000 after acquiring an additional 575,271 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Daseke by 43.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 839,723 shares of the company’s stock valued at $4,308,000 after acquiring an additional 256,316 shares during the period. Boston Partners grew its position in Daseke by 10.2% in the 3rd quarter. Boston Partners now owns 600,861 shares of the company’s stock valued at $3,082,000 after acquiring an additional 55,779 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Daseke by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 211,151 shares of the company’s stock worth $1,083,000 after purchasing an additional 2,309 shares during the period. Institutional investors and hedge funds own 71.45% of the company’s stock.

Daseke Stock Down 0.1 %

Daseke stock opened at $8.29 on Friday. The firm has a market capitalization of $391.29 million, a P/E ratio of -14.05 and a beta of 2.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 14.52. Daseke, Inc. has a twelve month low of $4.06 and a twelve month high of $8.34. The stock’s fifty day simple moving average is $8.27 and its 200-day simple moving average is $6.83.

Daseke (NASDAQ:DSKE) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.63) earnings per share (EPS) for the quarter. The company had revenue of $360.00 million during the quarter, compared to analyst estimates of $347.00 million. Daseke had a negative net margin of 1.13% and a negative return on equity of 30.76%.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Daseke from a “d+” rating to a “c-” rating in a research note on Wednesday, January 10th.

Daseke Profile

Daseke, Inc provides transportation and logistics solutions in the United States, Canada, and Mexico. It operates in 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.