USA Truck, Inc. (USAK) Insider James D. Reed Purchases 1,000 Shares

USA Truck, Inc. (NASDAQ:USAK) insider James D. Reed bought 1,000 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was bought at an average price of $19.62 per share, with a total value of $19,620.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

USAK traded down $0.81 during trading on Friday, reaching $20.79. 5,306 shares of the company’s stock were exchanged, compared to its average volume of 107,601. USA Truck, Inc. has a 1 year low of $15.12 and a 1 year high of $29.15. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $171.00 million, a PE ratio of -37.01 and a beta of 1.15.

USA Truck (NASDAQ:USAK) last posted its quarterly earnings results on Friday, October 26th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. USA Truck had a net margin of 4.20% and a return on equity of 14.44%. The company had revenue of $132.58 million during the quarter, compared to analyst estimates of $133.30 million. As a group, analysts predict that USA Truck, Inc. will post 1.41 EPS for the current fiscal year.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of USA Truck from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research note on Wednesday, October 31st. TheStreet raised shares of USA Truck from a “c” rating to a “b-” rating in a research report on Friday, October 26th. Stifel Nicolaus set a $30.00 price target on shares of USA Truck and gave the stock a “buy” rating in a research report on Monday, October 29th. Cowen reduced their price target on shares of USA Truck from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 29th. Finally, Loop Capital initiated coverage on shares of USA Truck in a research report on Wednesday, October 17th. They set a “buy” rating and a $34.00 price target for the company. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. USA Truck presently has a consensus rating of “Buy” and a consensus target price of $29.25.

A number of institutional investors and hedge funds have recently bought and sold shares of USAK. BlackRock Inc. increased its holdings in shares of USA Truck by 145.1% during the 2nd quarter. BlackRock Inc. now owns 631,874 shares of the transportation company’s stock valued at $14,830,000 after purchasing an additional 374,110 shares in the last quarter. Millennium Management LLC increased its holdings in shares of USA Truck by 197.4% during the 1st quarter. Millennium Management LLC now owns 361,575 shares of the transportation company’s stock valued at $9,217,000 after purchasing an additional 240,008 shares in the last quarter. Boston Partners increased its holdings in shares of USA Truck by 36.9% during the 2nd quarter. Boston Partners now owns 311,350 shares of the transportation company’s stock valued at $7,307,000 after purchasing an additional 84,000 shares in the last quarter. Northern Trust Corp increased its holdings in shares of USA Truck by 294.3% during the 2nd quarter. Northern Trust Corp now owns 95,118 shares of the transportation company’s stock valued at $2,232,000 after purchasing an additional 70,997 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of USA Truck by 315.0% during the 2nd quarter. GSA Capital Partners LLP now owns 85,900 shares of the transportation company’s stock valued at $2,016,000 after purchasing an additional 65,200 shares in the last quarter. 78.98% of the stock is owned by institutional investors.

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USA Truck Company Profile

USA Truck, Inc, a truckload carrier, provides general commodities transportation services in the United States, Mexico, and Canada. It operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload services as a medium to long-haul common carrier; and dedicated freight services.

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