USA Truck, Inc. (USAK) Director Gary Enzor Purchases 7,500 Shares
USA Truck, Inc. (NASDAQ:USAK) Director Gary Enzor acquired 7,500 shares of USA Truck stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $8.20 per share, with a total value of $61,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
USA Truck, Inc. (NASDAQ:USAK) traded up 2.86% during midday trading on Wednesday, hitting $9.35. The stock had a trading volume of 127,893 shares. The company’s market cap is $75.05 million. USA Truck, Inc. has a one year low of $5.73 and a one year high of $13.00. The stock’s 50-day moving average is $8.93 and its 200-day moving average is $7.88.
USA Truck (NASDAQ:USAK) last released its earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.24. USA Truck had a negative return on equity of 20.68% and a negative net margin of 2.94%. The business had revenue of $107.40 million for the quarter, compared to analyst estimates of $103.75 million. During the same period in the prior year, the firm posted ($0.10) EPS. USA Truck’s revenue was down 2.3% on a year-over-year basis. Equities analysts predict that USA Truck, Inc. will post ($0.96) EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in shares of USA Truck by 204.7% in the second quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock valued at $120,000 after buying an additional 9,289 shares during the period. Citigroup Inc. raised its position in shares of USA Truck by 44.0% in the second quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock valued at $127,000 after buying an additional 4,470 shares during the period. Callahan Advisors LLC purchased a new position in shares of USA Truck during the second quarter valued at about $132,000. Russell Investments Group Ltd. purchased a new position in shares of USA Truck during the fourth quarter valued at about $174,000. Finally, LMR Partners LLP purchased a new position in shares of USA Truck during the second quarter valued at about $198,000. 65.86% of the stock is owned by institutional investors.
USAK has been the subject of several research reports. Zacks Investment Research lowered USA Truck from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Cowen and Company reissued an “outperform” rating and set a $8.00 price objective (down from $11.00) on shares of USA Truck in a research note on Wednesday, May 3rd. Finally, ValuEngine raised USA Truck from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.63.
About USA Truck
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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