Daseke Inc (NASDAQ:DSKE) shares saw unusually-high trading volume on Friday . Approximately 1,979,346 shares were traded during trading, an increase of 328% from the previous session’s volume of 462,239 shares.The stock last traded at $10.56 and had previously closed at $10.40.
DSKE has been the topic of a number of research analyst reports. BidaskClub lowered Daseke from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Cowen reaffirmed a “buy” rating on shares of Daseke in a report on Monday, February 26th. Buckingham Research initiated coverage on Daseke in a report on Friday, February 23rd. They set a “buy” rating and a $14.00 target price on the stock. Seaport Global Securities initiated coverage on Daseke in a report on Tuesday, March 6th. They set a “buy” rating on the stock. Finally, Northland Securities reaffirmed a “buy” rating and set a $17.50 target price on shares of Daseke in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Daseke currently has a consensus rating of “Buy” and an average target price of $14.70.
The company has a quick ratio of 2.89, a current ratio of 2.88 and a debt-to-equity ratio of 2.05.
In related 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 value of $799,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 37.22% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DSKE. Schwab Charles Investment Management Inc. boosted its position in shares of Daseke by 93.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 137,320 shares of the company’s stock valued at $1,963,000 after purchasing an additional 66,176 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Daseke by 58.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 324,191 shares of the company’s stock valued at $4,633,000 after purchasing an additional 119,428 shares during the period. Malaga Cove Capital LLC boosted its position in shares of Daseke by 16.7% in the 4th quarter. Malaga Cove Capital LLC now owns 144,303 shares of the company’s stock valued at $2,062,000 after purchasing an additional 20,611 shares during the period. Boston Partners acquired a new position in shares of Daseke in the 4th quarter valued at $5,375,000. Finally, Emerald Advisers Inc. PA boosted its position in shares of Daseke by 53.5% in the 4th quarter. Emerald Advisers Inc. PA now owns 1,168,230 shares of the company’s stock valued at $16,694,000 after purchasing an additional 407,273 shares during the period. Institutional investors and hedge funds own 31.72% of the company’s stock.
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.
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