Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Harspring Capital Management LLC

Harspring Capital Management LLC cut its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,000 shares of the company's stock after selling 20,000 shares during the period. Rush Enterprises comprises approximately 4.5% of Harspring Capital Management LLC's holdings, making the stock its 10th largest holding. Harspring Capital Management LLC owned approximately 0.37% of Rush Enterprises worth $15,889,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its holdings in shares of Rush Enterprises by 475.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after purchasing an additional 703 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Rush Enterprises by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company's stock worth $54,000 after acquiring an additional 192 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Rush Enterprises during the third quarter valued at $64,000. PNC Financial Services Group Inc. boosted its holdings in Rush Enterprises by 71.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock valued at $79,000 after acquiring an additional 596 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in Rush Enterprises by 833.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,961 shares of the company's stock worth $107,000 after purchasing an additional 1,751 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Rush Enterprises Trading Up 0.7 %

Shares of RUSHA stock traded up $0.38 during trading hours on Friday, reaching $51.77. The company had a trading volume of 462,893 shares, compared to its average volume of 361,799. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43. The company has a 50 day moving average of $55.01 and a 200 day moving average of $56.72. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 1.04 and a beta of 0.96.

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

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were given a dividend of $0.18 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.39%. Rush Enterprises's dividend payout ratio is 19.30%.

Insider Activity

In other news, Director Michael Mcroberts sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the transaction, the director now owns 15,771 shares in the company, valued at $922,918.92. This represents a 20.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jody Pollard sold 11,250 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the sale, the senior vice president now directly owns 3,117 shares of the company's stock, valued at $175,892.31. This represents a 78.30 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is owned by company insiders.

Rush Enterprises Company Profile

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.