Trexquant Investment LP Increases Position in Heartland Express, Inc. (NASDAQ:HTLD)

Trexquant Investment LP grew its position in Heartland Express, Inc. (NASDAQ:HTLD - Free Report) by 91.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,409 shares of the transportation company's stock after acquiring an additional 71,848 shares during the period. Trexquant Investment LP owned about 0.19% of Heartland Express worth $1,688,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Heartland Express in the fourth quarter valued at $42,000. R Squared Ltd acquired a new stake in shares of Heartland Express in the fourth quarter valued at about $75,000. Meeder Asset Management Inc. purchased a new stake in Heartland Express during the fourth quarter worth about $79,000. KLP Kapitalforvaltning AS acquired a new position in Heartland Express during the fourth quarter worth about $105,000. Finally, Ieq Capital LLC purchased a new position in Heartland Express in the fourth quarter valued at about $148,000. 53.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays decreased their price target on Heartland Express from $11.00 to $9.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 2nd.

Heartland Express Price Performance

NASDAQ HTLD traded down $0.11 during trading hours on Tuesday, reaching $8.33. The company's stock had a trading volume of 65,655 shares, compared to its average volume of 408,560. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.08. The stock has a market cap of $654.23 million, a PE ratio of -22.52 and a beta of 0.97. The company's 50-day moving average is $9.81 and its two-hundred day moving average is $10.99. Heartland Express, Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $13.67.

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Heartland Express (NASDAQ:HTLD - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.02. Heartland Express had a negative net margin of 2.84% and a negative return on equity of 3.57%. Analysts forecast that Heartland Express, Inc. will post 0.17 EPS for the current year.

Heartland Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, March 25th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Tuesday, March 25th. Heartland Express's payout ratio is currently -21.62%.

Heartland Express Company Profile

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.