Grace & White Inc. NY Trims Stake in USA Truck, Inc. (NASDAQ:USAK)

Grace & White Inc. NY decreased its position in shares of USA Truck, Inc. (NASDAQ:USAK – Get Rating) by 0.2% during the first quarter, Holdings Channel reports. The fund owned 525,694 shares of the transportation company’s stock after selling 1,000 shares during the period. USA Truck makes up about 2.0% of Grace & White Inc. NY’s holdings, making the stock its 13th biggest holding. Grace & White Inc. NY owned 0.06% of USA Truck worth $10,829,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC grew its stake in shares of USA Truck by 37.5% in the 4th quarter. Acadian Asset Management LLC now owns 214,485 shares of the transportation company’s stock worth $4,262,000 after buying an additional 58,461 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new stake in shares of USA Truck in the 4th quarter worth approximately $385,000. Hillsdale Investment Management Inc. grew its stake in shares of USA Truck by 14.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 261,857 shares of the transportation company’s stock worth $5,206,000 after buying an additional 32,250 shares during the last quarter. Compass Financial Advisors LLC purchased a new stake in shares of USA Truck in the 4th quarter worth approximately $298,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of USA Truck in the 1st quarter worth approximately $228,000. Hedge funds and other institutional investors own 58.92% of the company’s stock.

NASDAQ USAK opened at $31.05 on Tuesday. The business’s fifty day moving average price is $18.19 and its 200-day moving average price is $19.69. The stock has a market capitalization of $279.76 million, a price-to-earnings ratio of 8.15 and a beta of 1.16. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.35 and a quick ratio of 1.33. USA Truck, Inc. has a 1-year low of $13.01 and a 1-year high of $31.67.

USA Truck (NASDAQ:USAK – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The transportation company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.76. The business had revenue of $201.06 million for the quarter. USA Truck had a return on equity of 32.98% and a net margin of 4.55%. During the same period in the prior year, the business earned $0.43 earnings per share. Equities research analysts anticipate that USA Truck, Inc. will post 4.55 EPS for the current year.

Several brokerages have commented on USAK. Cowen increased their target price on USA Truck from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, May 2nd. Cowen increased their target price on USA Truck from $18.00 to $24.00 in a research note on Monday, May 2nd. StockNews.com upgraded USA Truck from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 6th. Finally, Stephens cut their target price on USA Truck from $27.00 to $25.00 in a research note on Friday, April 1st.

USA Truck Company Profile (Get Rating)

USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking and USAT Logistics. The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services. The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services.

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