Insider Buying: Universal Logistics Holdings Inc (ULH) CEO Buys 1,000 Shares of Stock
Universal Logistics Holdings Inc (NASDAQ:ULH) CEO Jeff Rogers bought 1,000 shares of the stock in a transaction dated Friday, March 9th. The stock was purchased at an average cost of $21.70 per share, with a total value of $21,700.00. Following the completion of the purchase, the chief executive officer now directly owns 48,500 shares in the company, valued at approximately $1,052,450. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Universal Logistics Holdings Inc (ULH) opened at $21.70 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $618.49, a PE ratio of 21.92 and a beta of 1.54. Universal Logistics Holdings Inc has a twelve month low of $11.65 and a twelve month high of $25.65.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, March 2nd. This represents a $0.28 annualized dividend and a yield of 1.29%. Universal Logistics’s dividend payout ratio is presently 28.28%.
Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in Universal Logistics during the fourth quarter worth about $114,000. Wells Fargo & Company MN lifted its holdings in Universal Logistics by 81.3% during the third quarter. Wells Fargo & Company MN now owns 7,609 shares of the transportation company’s stock worth $155,000 after acquiring an additional 3,413 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Universal Logistics by 10.2% during the second quarter. Teachers Advisors LLC now owns 12,660 shares of the transportation company’s stock worth $190,000 after acquiring an additional 1,169 shares in the last quarter. Macquarie Group Ltd. bought a new position in Universal Logistics during the fourth quarter worth about $245,000. Finally, Bessemer Group Inc. bought a new position in Universal Logistics during the fourth quarter worth about $287,000. Hedge funds and other institutional investors own 27.29% of the company’s stock.
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About Universal Logistics
Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.
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