Global Alpha Capital Management Ltd. Boosts Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Global Alpha Capital Management Ltd. grew its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 773,990 shares of the company's stock after acquiring an additional 14,600 shares during the period. Rush Enterprises accounts for 2.7% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 13th largest holding. Global Alpha Capital Management Ltd. owned about 0.98% of Rush Enterprises worth $40,890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RUSHA. Hexagon Capital Partners LLC boosted its stake in Rush Enterprises by 41.3% in the 2nd quarter. Hexagon Capital Partners LLC now owns 982 shares of the company's stock worth $41,000 after purchasing an additional 287 shares during the period. Arizona State Retirement System lifted its position in Rush Enterprises by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 17,296 shares of the company's stock worth $724,000 after buying an additional 367 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in Rush Enterprises by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company's stock worth $411,000 after buying an additional 370 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Rush Enterprises by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,270 shares of the company's stock worth $1,477,000 after buying an additional 405 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Rush Enterprises by 147.5% during the 3rd quarter. GAMMA Investing LLC now owns 787 shares of the company's stock worth $42,000 after buying an additional 469 shares in the last quarter. Institutional investors own 84.43% of the company's stock.

Analysts Set New Price Targets

Separately, Stephens upped their target price on shares of Rush Enterprises from $66.00 to $69.00 and gave the company an "overweight" rating in a report on Friday, November 1st.

Insiders Place Their Bets

In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the transaction, the chief executive officer now owns 174,154 shares in the company, valued at $9,371,226.74. The trade was a 18.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Steven L. Keller sold 14,625 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $58.50, for a total transaction of $855,562.50. Following the transaction, the chief financial officer now owns 83,365 shares in the company, valued at approximately $4,876,852.50. The trade was a 14.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 216,000 shares of company stock valued at $13,319,573. Insiders own 12.53% of the company's stock.

Rush Enterprises Stock Performance

Shares of RUSHA stock traded down $0.67 during trading on Wednesday, reaching $58.27. 365,146 shares of the company's stock traded hands, compared to its average volume of 361,014. The company has a market capitalization of $4.61 billion, a P/E ratio of 15.63, a PEG ratio of 2.29 and a beta of 0.99. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm's 50-day moving average is $54.51 and its 200 day moving average is $49.53. Rush Enterprises, Inc. has a 1 year low of $38.10 and a 1 year high of $65.15.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.95 by $0.02. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 EPS. Equities research analysts expect that Rush Enterprises, Inc. will post 3.45 EPS for the current year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.24%. Rush Enterprises's dividend payout ratio (DPR) is currently 19.10%.

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.