Eidelman Virant Capital Invests $101,000 in USA Truck, Inc. (NASDAQ:USAK)
Eidelman Virant Capital bought a new stake in USA Truck, Inc. (NASDAQ:USAK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the transportation company’s stock, valued at approximately $101,000. Eidelman Virant Capital owned 0.12% of USA Truck at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Mackay Shields LLC lifted its position in shares of USA Truck by 86.7% in the 4th quarter. Mackay Shields LLC now owns 30,057 shares of the transportation company’s stock worth $450,000 after buying an additional 13,957 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of USA Truck by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 109,019 shares of the transportation company’s stock worth $1,631,000 after buying an additional 7,588 shares during the period. Callahan Advisors LLC boosted its holdings in shares of USA Truck by 13.8% in the second quarter. Callahan Advisors LLC now owns 29,596 shares of the transportation company’s stock worth $299,000 after buying an additional 3,600 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of USA Truck by 41.6% in the fourth quarter. Bank of New York Mellon Corp now owns 89,506 shares of the transportation company’s stock worth $1,340,000 after buying an additional 26,298 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of USA Truck by 60.2% in the fourth quarter. Bank of America Corp DE now owns 9,336 shares of the transportation company’s stock worth $139,000 after buying an additional 3,508 shares during the period. Institutional investors and hedge funds own 78.65% of the company’s stock.
USAK traded up $0.01 during midday trading on Tuesday, hitting $8.11. 3,090 shares of the company’s stock traded hands, compared to its average volume of 133,959. The stock has a market capitalization of $69.09 million, a P/E ratio of 5.19 and a beta of 1.48. The company’s fifty day moving average price is $9.78. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.85. USA Truck, Inc. has a one year low of $8.05 and a one year high of $23.44.
In other news, CFO Jason R. Bates acquired 13,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was purchased at an average cost of $13.75 per share, with a total value of $185,625.00. Following the acquisition, the chief financial officer now owns 103,155 shares of the company’s stock, valued at approximately $1,418,381.25. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gary Enzor purchased 3,000 shares of the stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of $13.63 per share, with a total value of $40,890.00. Following the completion of the purchase, the director now owns 2,812 shares in the company, valued at $38,327.56. The disclosure for this purchase can be found here. In the last three months, insiders bought 29,185 shares of company stock worth $401,347. Insiders own 6.70% of the company’s stock.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Saturday, July 13th. Cowen set a $1,500.00 target price on shares of Alphabet and gave the stock a “buy” rating in a report on Friday. Stephens set a $112.00 target price on shares of Genesee & Wyoming and gave the stock a “hold” rating in a report on Monday, July 1st. Finally, TheStreet upgraded shares of Zimmer Biomet from a “c” rating to a “b-” rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $23.50.
USA Truck Company Profile
USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services.
Further Reading: Cost of Goods Sold (COGS)
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