Rush Enterprises, Inc. (NASDAQ:RUSHA) is Global Alpha Capital Management Ltd.'s 8th Largest Position

Global Alpha Capital Management Ltd. lifted its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 789,190 shares of the company's stock after purchasing an additional 15,200 shares during the period. Rush Enterprises comprises about 3.1% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 8th biggest holding. Global Alpha Capital Management Ltd. owned about 1.00% of Rush Enterprises worth $43,240,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of Rush Enterprises by 475.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after buying an additional 703 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Rush Enterprises by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company's stock valued at $54,000 after purchasing an additional 192 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Rush Enterprises in the third quarter valued at about $58,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Rush Enterprises during the third quarter worth about $64,000. Finally, Farther Finance Advisors LLC raised its position in shares of Rush Enterprises by 73.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company's stock worth $78,000 after purchasing an additional 628 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the transaction, the senior vice president now owns 3,117 shares of the company's stock, valued at $175,892.31. This represents a 78.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 12.53% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Rush Enterprises Price Performance

Shares of Rush Enterprises stock traded down $0.59 during trading hours on Wednesday, reaching $54.02. 283,601 shares of the company's stock were exchanged, compared to its average volume of 308,938. The business has a fifty day moving average of $58.29 and a two-hundred day moving average of $56.47. The company has a market capitalization of $4.28 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. 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, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43.

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

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Monday, March 3rd. Rush Enterprises's dividend payout ratio (DPR) is currently 19.30%.

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.