Daseke Inc (NASDAQ:DSKE) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 1,856,655 shares, a decrease of 47.2% from the February 15th total of 3,518,343 shares. Based on an average daily volume of 624,967 shares, the days-to-cover ratio is currently 3.0 days.
In other news, Director Kevin M. Charlton sold 80,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $9.99, for a total transaction of $799,200.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 37.22% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC boosted its stake in Daseke by 58.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 324,191 shares of the company’s stock valued at $4,633,000 after buying an additional 119,428 shares in the last quarter. Malaga Cove Capital LLC boosted its stake in Daseke by 16.7% in the fourth quarter. Malaga Cove Capital LLC now owns 144,303 shares of the company’s stock valued at $2,062,000 after buying an additional 20,611 shares in the last quarter. Boston Partners acquired a new stake in Daseke in the fourth quarter valued at about $5,375,000. Cortina Asset Management LLC boosted its stake in Daseke by 19.3% in the fourth quarter. Cortina Asset Management LLC now owns 370,115 shares of the company’s stock valued at $5,289,000 after buying an additional 59,995 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its stake in Daseke by 9.9% in the fourth quarter. Kennedy Capital Management Inc. now owns 495,917 shares of the company’s stock valued at $7,087,000 after buying an additional 44,493 shares in the last quarter. 31.72% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently issued reports on the company. BidaskClub lowered Daseke from a “buy” rating to a “hold” rating in a report on Saturday, January 20th. Northland Securities reissued a “buy” rating and set a $17.50 target price on shares of Daseke in a report on Monday, December 11th. Seaport Global Securities assumed coverage on Daseke in a report on Tuesday, March 6th. They set a “buy” rating on the stock. Cowen reissued a “buy” rating on shares of Daseke in a report on Monday, February 26th. Finally, Buckingham Research assumed coverage on Daseke in a report on Friday, February 23rd. They set a “buy” rating and a $14.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.70.
WARNING: “Daseke Inc (DSKE) Short Interest Update” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/3258427/daseke-inc-dske-short-interest-update.html.
Daseke Company Profile
Daseke, Inc is a consolidator of the flatbed and specialized transportation in North America that comprises 16 operating companies. It provides open deck transportation and logistics. The Company operates through two segments: Flatbed Solutions and Specialized Solutions. The Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment.
Receive News & Ratings for Daseke Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daseke and related companies with MarketBeat.com's FREE daily email newsletter.