Victory Capital Management Inc. Sells 2,503 Shares of Heartland Express, Inc. (NASDAQ:HTLD)

Victory Capital Management Inc. trimmed its position in Heartland Express, Inc. (NASDAQ:HTLD) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,094 shares of the transportation company’s stock after selling 2,503 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Heartland Express worth $573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Heartland Express in the 4th quarter worth approximately $75,000. Intech Investment Management LLC purchased a new stake in Heartland Express during the 3rd quarter valued at approximately $124,000. Ieq Capital LLC purchased a new stake in Heartland Express during the 4th quarter valued at approximately $148,000. Allspring Global Investments Holdings LLC purchased a new stake in Heartland Express during the 4th quarter valued at approximately $171,000. Finally, Paloma Partners Management Co purchased a new stake in Heartland Express during the 3rd quarter valued at approximately $202,000. 53.45% of the stock is owned by hedge funds and other institutional investors.

Heartland Express Trading Down 0.6 %

Shares of HTLD opened at $9.28 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.08 and a quick ratio of 1.17. Heartland Express, Inc. has a 1 year low of $9.11 and a 1 year high of $13.67. The company has a 50 day simple moving average of $10.72 and a two-hundred day simple moving average of $11.40. The firm has a market cap of $728.94 million, a P/E ratio of -25.08 and a beta of 0.80.

Heartland Express (NASDAQ:HTLD) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Heartland Express had a negative return on equity of 3.57% and a negative net margin of 2.84%. On average, equities analysts expect that Heartland Express, Inc. will post 0.17 earnings per share for the current fiscal year.

Heartland Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.08 annualized dividend and a dividend yield of 0.86%. Heartland Express’s dividend payout ratio (DPR) is -21.62%.

About Heartland Express

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.