Marshall Wace LLP Buys New Position in USA Truck, Inc. (NASDAQ:USAK)

Marshall Wace LLP bought a new stake in USA Truck, Inc. (NASDAQ:USAK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 73,720 shares of the transportation company’s stock, valued at approximately $1,185,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bridgeway Capital Management LLC boosted its position in shares of USA Truck by 54.4% during the 2nd quarter. Bridgeway Capital Management LLC now owns 210,800 shares of the transportation company’s stock valued at $3,388,000 after purchasing an additional 74,300 shares in the last quarter. Dupont Capital Management Corp bought a new position in shares of USA Truck during the 2nd quarter valued at about $618,000. Hillsdale Investment Management Inc. boosted its position in shares of USA Truck by 19.2% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 230,907 shares of the transportation company’s stock valued at $3,711,000 after purchasing an additional 37,200 shares in the last quarter. State Street Corp acquired a new position in shares of USA Truck in the second quarter worth about $485,000. Finally, Windsor Creek Advisors LLC acquired a new position in shares of USA Truck in the second quarter worth about $455,000. Hedge funds and other institutional investors own 47.58% of the company’s stock.

Several brokerages have commented on USAK. Zacks Investment Research cut shares of USA Truck from a “hold” rating to a “sell” rating in a report on Wednesday, November 3rd. Cowen raised their target price on shares of USA Truck from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, September 15th.

NASDAQ USAK opened at $18.97 on Thursday. The stock has a 50 day moving average of $17.58. The company has a quick ratio of 1.15, a current ratio of 1.16 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $168.59 million, a price-to-earnings ratio of 9.16 and a beta of 2.06. USA Truck, Inc. has a 52-week low of $8.30 and a 52-week high of $23.56.

USA Truck (NASDAQ:USAK) last posted its quarterly earnings results on Thursday, October 28th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $181.00 million during the quarter. USA Truck had a net margin of 2.77% and a return on equity of 21.44%. During the same period last year, the company earned $0.29 earnings per share. As a group, equities research analysts predict that USA Truck, Inc. will post 2.06 EPS for the current fiscal year.

USA Truck Company Profile

USA Truck, Inc engages in the provision of transportation of general commodities. It operates through the Trucking and USAT Logistics segments. The Trucking segment includes one-way truckload, and dedicated freight motor carrier services. The USAT Logistics segment offers freight brokerage, logistics and rail intermodal services.

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Institutional Ownership by Quarter for USA Truck (NASDAQ:USAK)

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