Insider Buying: USA Truck, Inc. (NASDAQ:USAK) EVP Acquires 10,000 Shares of Stock

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USA Truck, Inc. (NASDAQ:USAK) EVP Timothy W. Guin acquired 10,000 shares of USA Truck stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $8.17 per share, with a total value of $81,700.00. Following the completion of the transaction, the executive vice president now owns 52,687 shares of the company’s stock, valued at approximately $430,452.79. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

USAK opened at $8.60 on Thursday. The firm has a market capitalization of $72.25 million, a P/E ratio of 5.51 and a beta of 1.47. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.00 and a quick ratio of 0.99. USA Truck, Inc. has a 1-year low of $7.95 and a 1-year high of $23.44. The business has a 50 day moving average price of $9.30.

USA Truck (NASDAQ:USAK) last released its earnings results on Thursday, July 25th. The transportation company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.22). The firm had revenue of $133.62 million during the quarter, compared to analyst estimates of $138.20 million. USA Truck had a return on equity of 14.27% and a net margin of 1.87%. As a group, research analysts predict that USA Truck, Inc. will post 1.14 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on USAK shares. Stifel Nicolaus set a $16.00 price objective on USA Truck and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Zacks Investment Research upgraded USA Truck from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 13th. Cowen reduced their price objective on USA Truck from $17.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Stephens started coverage on USA Truck in a research report on Monday, July 1st. They set a “buy” rating for the company. Finally, TheStreet downgraded USA Truck from a “b-” rating to a “c” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $20.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USAK. Eidelman Virant Capital bought a new position in shares of USA Truck in the second quarter valued at $101,000. Bank of America Corp DE increased its holdings in shares of USA Truck by 60.2% in the fourth quarter. Bank of America Corp DE now owns 9,336 shares of the transportation company’s stock valued at $139,000 after buying an additional 3,508 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in shares of USA Truck by 45.3% in the second quarter. Campbell & CO Investment Adviser LLC now owns 21,037 shares of the transportation company’s stock valued at $213,000 after buying an additional 6,560 shares in the last quarter. Callahan Advisors LLC increased its holdings in shares of USA Truck by 13.8% in the second quarter. Callahan Advisors LLC now owns 29,596 shares of the transportation company’s stock valued at $299,000 after buying an additional 3,600 shares in the last quarter. Finally, Spark Investment Management LLC increased its holdings in shares of USA Truck by 104.4% in the first quarter. Spark Investment Management LLC now owns 24,115 shares of the transportation company’s stock valued at $348,000 after buying an additional 12,315 shares in the last quarter. Hedge funds and other institutional investors own 78.48% of the company’s stock.

About USA Truck

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

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Insider Buying and Selling by Quarter for USA Truck (NASDAQ:USAK)

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