Cowen restated their buy rating on shares of USA Truck (NASDAQ:USAK) in a research note published on Friday morning, AnalystRatings.com reports. They currently have a $22.00 price target on the transportation company’s stock.
USAK has been the subject of a number of other research reports. ValuEngine upgraded USA Truck from a strong sell rating to a sell rating in a research report on Thursday, January 17th. Zacks Investment Research downgraded USA Truck from a hold rating to a sell rating in a research report on Wednesday, May 1st. Finally, TheStreet downgraded USA Truck from a b- rating to a c rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $25.75.
USA Truck stock opened at $13.54 on Friday. The company has a current ratio of 0.95, a quick ratio of 1.04 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $115.62 million, a price-to-earnings ratio of 8.68 and a beta of 1.57. USA Truck has a 52 week low of $13.40 and a 52 week high of $27.47.
In other news, Director Alexander David Greene bought 7,325 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $13.70 per share, for a total transaction of $100,352.50. Following the completion of the transaction, the director now directly owns 31,130 shares in the company, valued at approximately $426,481. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason R. Bates bought 13,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average price of $13.75 per share, with a total value of $185,625.00. Following the transaction, the chief financial officer now owns 103,155 shares of the company’s stock, valued at $1,418,381.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 26,185 shares of company stock valued at $360,457. 6.70% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department bought a new stake in USA Truck in the first quarter valued at about $62,000. Bank of America Corp DE increased its holdings in USA Truck by 60.2% in the fourth quarter. Bank of America Corp DE now owns 9,336 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 3,508 shares during the last quarter. Rhumbline Advisers bought a new stake in USA Truck in the fourth quarter valued at about $153,000. Spark Investment Management LLC increased its holdings in USA Truck by 104.4% in the first quarter. Spark Investment Management LLC now owns 24,115 shares of the transportation company’s stock valued at $348,000 after purchasing an additional 12,315 shares during the last quarter. Finally, Monarch Partners Asset Management LLC increased its holdings in USA Truck by 49.2% in the fourth quarter. Monarch Partners Asset Management LLC now owns 23,644 shares of the transportation company’s stock valued at $354,000 after purchasing an additional 7,794 shares during the last quarter. Institutional investors own 74.44% of the company’s stock.
About USA Truck
USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services.
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