Heartland Express, Inc. (NASDAQ:HTLD - Get Free Report) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 854,200 shares, a drop of 16.3% from the February 13th total of 1,020,000 shares. Approximately 1.9% of the company's shares are short sold. Based on an average daily volume of 443,400 shares, the days-to-cover ratio is currently 1.9 days.
Hedge Funds Weigh In On Heartland Express
Institutional investors have recently modified their holdings of the business. Headlands Technologies LLC acquired a new stake in Heartland Express during the 4th quarter worth approximately $42,000. R Squared Ltd acquired a new stake in shares of Heartland Express during the fourth quarter worth $75,000. Meeder Asset Management Inc. bought a new stake in Heartland Express in the 4th quarter valued at $79,000. KLP Kapitalforvaltning AS acquired a new position in Heartland Express in the 4th quarter worth $105,000. Finally, Intech Investment Management LLC acquired a new position in Heartland Express in the 3rd quarter worth $124,000. Institutional investors own 53.45% of the company's stock.
Heartland Express Trading Down 0.6 %
Shares of NASDAQ:HTLD traded down $0.06 during trading on Friday, hitting $9.28. 750,933 shares of the company's stock were exchanged, compared to its average volume of 387,799. The firm has a 50-day moving average price of $10.72 and a two-hundred day moving average price of $11.39. The company has a current ratio of 1.08, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23. Heartland Express has a 1-year low of $9.11 and a 1-year high of $13.67. The firm has a market cap of $728.94 million, a P/E ratio of -25.08 and a beta of 0.80.
Heartland Express (NASDAQ:HTLD - Get Free Report) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. Heartland Express had a negative return on equity of 3.57% and a negative net margin of 2.84%. Equities analysts predict that Heartland Express will post 0.17 earnings per share for the current year.
Heartland Express Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Tuesday, March 25th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.08 annualized dividend and a dividend yield of 0.86%. Heartland Express's dividend payout ratio (DPR) is currently -21.62%.
About Heartland Express
(
Get Free Report)
Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.
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