James D. Reed Acquires 1,000 Shares of USA Truck, Inc. (USAK) Stock

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USA Truck, Inc. (NASDAQ:USAK) insider James D. Reed bought 1,000 shares of USA Truck stock in a transaction on Tuesday, November 6th. The shares were purchased at an average cost of $19.62 per share, for a total transaction of $19,620.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of USAK opened at $20.95 on Friday. USA Truck, Inc. has a 1-year low of $15.85 and a 1-year high of $29.15. The stock has a market cap of $178.52 million, a price-to-earnings ratio of -37.41 and a beta of 1.15. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 1.16.

USA Truck (NASDAQ:USAK) last announced its quarterly earnings results on Friday, October 26th. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. USA Truck had a net margin of 4.20% and a return on equity of 14.44%. The business had revenue of $132.58 million during the quarter, compared to analysts’ expectations of $133.30 million. As a group, equities research analysts predict that USA Truck, Inc. will post 1.41 earnings per share for the current fiscal year.

A number of brokerages have commented on USAK. TheStreet raised shares of USA Truck from a “c” rating to a “b-” rating in a research note on Friday, October 26th. Stifel Nicolaus set a $30.00 target price on shares of USA Truck and gave the stock a “buy” rating in a research note on Monday, October 29th. Zacks Investment Research raised shares of USA Truck from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, October 31st. ValuEngine cut shares of USA Truck from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. Finally, Loop Capital initiated coverage on shares of USA Truck in a research report on Wednesday, October 17th. They set a “buy” rating and a $34.00 price target for the company. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. USA Truck has an average rating of “Buy” and an average price target of $29.25.

Several institutional investors and hedge funds have recently made changes to their positions in USAK. BlackRock Inc. increased its position in shares of USA Truck by 145.1% during the second quarter. BlackRock Inc. now owns 631,874 shares of the transportation company’s stock valued at $14,830,000 after acquiring an additional 374,110 shares during the last quarter. Millennium Management LLC grew its holdings in shares of USA Truck by 197.4% in the first quarter. Millennium Management LLC now owns 361,575 shares of the transportation company’s stock valued at $9,217,000 after purchasing an additional 240,008 shares in the last quarter. Boston Partners grew its holdings in shares of USA Truck by 36.9% in the second quarter. Boston Partners now owns 311,350 shares of the transportation company’s stock valued at $7,307,000 after purchasing an additional 84,000 shares in the last quarter. Northern Trust Corp grew its holdings in shares of USA Truck by 294.3% in the second quarter. Northern Trust Corp now owns 95,118 shares of the transportation company’s stock valued at $2,232,000 after purchasing an additional 70,997 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of USA Truck by 315.0% in the second quarter. GSA Capital Partners LLP now owns 85,900 shares of the transportation company’s stock valued at $2,016,000 after purchasing an additional 65,200 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

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About USA Truck

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

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