GSA Capital Partners LLP Purchases New Shares in Rush Enterprises, Inc. (NASDAQ:RUSHA)

GSA Capital Partners LLP purchased a new stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,973 shares of the company’s stock, valued at approximately $421,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. UniSuper Management Pty Ltd purchased a new position in Rush Enterprises during the 1st quarter worth $612,000. Edgestream Partners L.P. purchased a new position in Rush Enterprises during the 1st quarter worth $898,000. Vaughan Nelson Investment Management L.P. raised its position in Rush Enterprises by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,047,905 shares of the company’s stock worth $43,875,000 after buying an additional 63,413 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Rush Enterprises by 30.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 73,541 shares of the company’s stock worth $3,936,000 after buying an additional 17,209 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Rush Enterprises by 499.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,138 shares of the company’s stock worth $592,000 after buying an additional 11,778 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, CFO Steven L. Keller sold 43,875 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $63.68, for a total value of $2,793,960.00. Following the completion of the sale, the chief financial officer now owns 83,365 shares of the company’s stock, valued at $5,308,683.20. This trade represents a 34.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William M. Rusty Rush sold 40,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the completion of the sale, the chief executive officer now directly owns 174,154 shares of the company’s stock, valued at $9,371,226.74. This trade represents a 18.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,000 shares of company stock worth $13,319,573. Company insiders own 12.53% of the company’s stock.

Rush Enterprises Price Performance

Rush Enterprises stock opened at $58.27 on Thursday. Rush Enterprises, Inc. has a 12-month low of $38.10 and a 12-month high of $65.15. The stock has a market capitalization of $4.60 billion, a P/E ratio of 15.46, a P/E/G ratio of 2.29 and a beta of 0.99. The firm’s 50-day moving average is $54.72 and its two-hundred day moving average is $49.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.02. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The company’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. Equities analysts predict that Rush Enterprises, Inc. will post 3.45 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.72 annualized dividend and a yield of 1.24%. Rush Enterprises’s payout ratio is 19.10%.

Analyst Upgrades and Downgrades

Separately, Stephens upped their price target on shares of Rush Enterprises from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st.

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.