Forager Capital Management LLC Sells 288,267 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Forager Capital Management LLC reduced its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 64.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,822 shares of the company’s stock after selling 288,267 shares during the period. Rush Enterprises makes up about 3.7% of Forager Capital Management LLC’s investment portfolio, making the stock its 11th largest position. Forager Capital Management LLC’s holdings in Rush Enterprises were worth $8,757,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Smartleaf Asset Management LLC increased its stake in Rush Enterprises by 475.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock valued at $46,000 after acquiring an additional 703 shares during the period. GAMMA Investing LLC increased its position in shares of Rush Enterprises by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock valued at $54,000 after purchasing an additional 192 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Rush Enterprises by 121.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company’s stock valued at $62,000 after purchasing an additional 616 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Rush Enterprises in the third quarter worth $64,000. Finally, PNC Financial Services Group Inc. increased its holdings in Rush Enterprises by 71.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock valued at $79,000 after buying an additional 596 shares during the period. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Rush Enterprises Trading Down 1.1 %

RUSHA stock opened at $48.21 on Friday. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $52.37 and its 200-day moving average is $56.60. The firm has a market cap of $3.82 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.04 and a beta of 0.94.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.86 billion. Equities analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.49%. Rush Enterprises’s dividend payout ratio (DPR) is presently 20.11%.

Analyst Ratings Changes

Separately, Stephens reduced their price objective on shares of Rush Enterprises from $63.00 to $61.00 and set an “overweight” rating for the company in a report on Friday, May 2nd.

Insiders Place Their Bets

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the sale, the senior vice president now owns 3,117 shares of the company’s stock, valued at $175,892.31. This represents a 78.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares of the company’s stock, valued at approximately $922,918.92. This represents a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.28% of the company’s stock.

Rush Enterprises Profile

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.