Versor Investments LP Invests $268,000 in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Versor Investments LP bought a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) during the fourth quarter, Holdings Channel reports. The fund bought 4,900 shares of the company’s stock, valued at approximately $268,000.

Several other hedge funds have also modified their holdings of RUSHA. GAMMA Investing LLC grew its position in Rush Enterprises by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after purchasing an additional 192 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Rush Enterprises by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company’s stock valued at $1,649,000 after buying an additional 200 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Rush Enterprises by 1.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company’s stock valued at $1,782,000 after buying an additional 345 shares during the period. Verdence Capital Advisors LLC raised its position in Rush Enterprises by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company’s stock valued at $411,000 after buying an additional 370 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in Rush Enterprises by 3.7% in the 3rd quarter. QRG Capital Management Inc. now owns 13,564 shares of the company’s stock worth $717,000 after acquiring an additional 484 shares in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Stock Down 2.3 %

Rush Enterprises stock opened at $57.00 on Tuesday. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The firm has a market cap of $4.52 billion, a PE ratio of 15.28, a P/E/G ratio of 1.04 and a beta of 1.02. The firm’s 50 day moving average price is $58.25 and its two-hundred day moving average price is $56.35.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. On average, research analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.30%.

Analyst Ratings Changes

Separately, Stephens reaffirmed an “overweight” rating and set a $69.00 target price on shares of Rush Enterprises in a research note on Wednesday, February 19th.

Insider Activity

In other news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, the senior vice president now owns 3,117 shares in the company, valued at approximately $175,892.31. This trade represents a 78.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the sale, the director now directly owns 15,771 shares of the company’s stock, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is owned by corporate insiders.

About Rush Enterprises

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.