Universal Logistics (NASDAQ:ULH) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $47.58 and traded as low as $43.64. Universal Logistics shares last traded at $44.17, with a volume of 21,098 shares changing hands.

Universal Logistics Stock Performance

The firm has a 50-day moving average of $47.58 and a two-hundred day moving average of $43.96. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $1.16 billion, a PE ratio of 8.87 and a beta of 0.92.

Universal Logistics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Monday, December 2nd. Universal Logistics’s dividend payout ratio is currently 8.43%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Universal Logistics in the third quarter valued at approximately $143,000. PDT Partners LLC acquired a new stake in Universal Logistics in the third quarter valued at approximately $301,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Universal Logistics in the third quarter valued at approximately $358,000. Jane Street Group LLC grew its holdings in Universal Logistics by 23.8% in the third quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 1,783 shares during the period. Finally, Barclays PLC grew its holdings in Universal Logistics by 339.7% in the third quarter. Barclays PLC now owns 10,952 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 8,461 shares during the period. 25.50% of the stock is currently owned by hedge funds and other institutional investors.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.