USA Truck, Inc. (USAK) Director Gary Enzor Acquires 12,500 Shares
USA Truck, Inc. (NASDAQ:USAK) Director Gary Enzor acquired 12,500 shares of the stock in a transaction dated Thursday, May 11th. The shares were bought at an average price of $6.47 per share, for a total transaction of $80,875.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Gary Enzor also recently made the following trade(s):
- On Friday, February 24th, Gary Enzor acquired 10,000 shares of USA Truck stock. The shares were bought at an average price of $9.04 per share, for a total transaction of $90,400.00.
USA Truck, Inc. (NASDAQ:USAK) traded up 4.01% during mid-day trading on Friday, hitting $6.75. 112,326 shares of the stock traded hands. The company’s market cap is $53.99 million. The company’s 50 day moving average is $6.47 and its 200 day moving average is $8.07. USA Truck, Inc. has a 12 month low of $5.73 and a 12 month high of $20.64.
USA Truck (NASDAQ:USAK) last released its quarterly earnings results on Thursday, May 4th. The transportation company reported ($0.55) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.45. The business had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $108.80 million. USA Truck had a negative net margin of 2.57% and a negative return on equity of 16.02%. USA Truck’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS. On average, analysts expect that USA Truck, Inc. will post ($0.38) earnings per share for the current fiscal year.
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Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of USA Truck from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Cowen and Company restated an “outperform” rating and set a $8.00 price objective (down previously from $11.00) on shares of USA Truck in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.13.
Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in USA Truck during the fourth quarter worth about $174,000. Trexquant Investment LP acquired a new stake in USA Truck during the fourth quarter worth about $183,000. Oxford Asset Management increased its stake in USA Truck by 31.6% in the fourth quarter. Oxford Asset Management now owns 26,791 shares of the transportation company’s stock worth $233,000 after buying an additional 6,437 shares during the last quarter. Horrell Capital Management Inc. increased its stake in USA Truck by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the transportation company’s stock worth $200,000 after buying an additional 100 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in USA Truck by 436.0% in the first quarter. Bank of America Corp DE now owns 32,540 shares of the transportation company’s stock worth $240,000 after buying an additional 26,469 shares during the last quarter. 66.38% of the stock is currently owned by institutional investors.
USA Truck Company Profile
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.
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