Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Denali Advisors LLC

Denali Advisors LLC decreased its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 15.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,465 shares of the company's stock after selling 21,020 shares during the period. Denali Advisors LLC owned about 0.15% of Rush Enterprises worth $6,545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Rush Enterprises by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company's stock worth $54,000 after buying an additional 192 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Rush Enterprises by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company's stock worth $1,649,000 after purchasing an additional 200 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Rush Enterprises by 1.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company's stock worth $1,782,000 after purchasing an additional 345 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Rush Enterprises by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company's stock worth $411,000 after purchasing an additional 370 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Rush Enterprises by 3.7% in the 3rd quarter. QRG Capital Management Inc. now owns 13,564 shares of the company's stock worth $717,000 after purchasing an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company's stock.

Remove Ads

Rush Enterprises Stock Up 0.6 %

Shares of RUSHA traded up $0.32 during midday trading on Friday, hitting $58.32. The company had a trading volume of 395,924 shares, compared to its average volume of 311,513. The company's 50 day moving average price is $58.19 and its 200 day moving average price is $56.24. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.04 and a beta of 1.02. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.09. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. On average, equities research analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, March 3rd. Rush Enterprises's dividend payout ratio (DPR) is presently 19.30%.

Analyst Ratings Changes

Separately, Stephens reissued an "overweight" rating and issued a $69.00 target price on shares of Rush Enterprises in a research report on Wednesday, February 19th.

Insider Activity

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares of the company's stock, valued at $922,918.92. The trade was a 20.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, the senior vice president now directly owns 3,117 shares of the company's stock, valued at $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.53% of the company's stock.

About Rush Enterprises

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.