Proficio Capital Partners LLC Makes New $753,000 Investment in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Proficio Capital Partners LLC acquired a new position in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,401 shares of the transportation company’s stock, valued at approximately $753,000. Proficio Capital Partners LLC owned about 0.06% of Universal Logistics at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of Universal Logistics by 15.6% during the 4th quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company’s stock worth $176,000 after purchasing an additional 516 shares during the period. PDT Partners LLC bought a new stake in Universal Logistics in the 3rd quarter valued at about $301,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Universal Logistics in the 3rd quarter valued at about $358,000. Jane Street Group LLC raised its stake in Universal Logistics by 23.8% in the 3rd quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company’s stock valued at $400,000 after acquiring an additional 1,783 shares during the period. Finally, Rhumbline Advisers raised its stake in Universal Logistics by 4.8% in the 4th quarter. Rhumbline Advisers now owns 10,353 shares of the transportation company’s stock valued at $476,000 after acquiring an additional 470 shares during the period. 25.50% of the stock is owned by hedge funds and other institutional investors.

Universal Logistics Trading Up 4.4 %

Shares of Universal Logistics stock opened at $27.97 on Friday. Universal Logistics Holdings, Inc. has a 52-week low of $25.13 and a 52-week high of $53.29. The stock’s 50-day simple moving average is $37.56 and its 200 day simple moving average is $42.52. The stock has a market capitalization of $736.11 million, a P/E ratio of 5.66 and a beta of 0.96. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36.

Universal Logistics (NASDAQ:ULH) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. During the same period in the previous year, the business posted $0.81 EPS. As a group, research analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current year.

Universal Logistics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, March 3rd. Universal Logistics’s payout ratio is presently 8.50%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus boosted their price objective on Universal Logistics from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd.

Universal Logistics Profile

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.