Numerai GP LLC Has $346,000 Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Numerai GP LLC trimmed its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 39.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,314 shares of the company’s stock after selling 4,180 shares during the quarter. Numerai GP LLC’s holdings in Rush Enterprises were worth $346,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in Rush Enterprises by 475.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock worth $46,000 after purchasing an additional 703 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Rush Enterprises by 121.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company’s stock valued at $62,000 after buying an additional 616 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of 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 in the last quarter. Sterling Capital Management LLC increased its holdings in Rush Enterprises by 833.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,961 shares of the company’s stock worth $107,000 after buying an additional 1,751 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Rush Enterprises during the fourth quarter valued at approximately $179,000. Institutional investors and hedge funds own 84.43% of the company’s stock.

Insider Buying and Selling at Rush Enterprises

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

Rush Enterprises Trading Up 1.3%

Shares of NASDAQ:RUSHA opened at $51.69 on Friday. 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 stock has a market capitalization of $4.10 billion, a PE ratio of 13.86, a P/E/G ratio of 1.04 and a beta of 0.94. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43. The firm has a fifty day moving average price of $52.04 and a 200 day moving average price of $56.53.

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

Rush Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, May 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.39%. Rush Enterprises’s payout ratio is currently 20.11%.

Analyst Upgrades and Downgrades

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

Rush Enterprises Company 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.