GAMMA Investing LLC Grows Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

GAMMA Investing LLC raised its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 24.4% during the fourth quarter, HoldingsChannel reports. The fund owned 979 shares of the company’s stock after buying an additional 192 shares during the period. GAMMA Investing LLC’s holdings in Rush Enterprises were worth $54,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in shares of Rush Enterprises by 94.5% during the second quarter. Commonwealth Equity Services LLC now owns 8,401 shares of the company’s stock valued at $352,000 after buying an additional 4,081 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Rush Enterprises by 29.4% during the second quarter. Victory Capital Management Inc. now owns 144,660 shares of the company’s stock valued at $6,057,000 after buying an additional 32,893 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Rush Enterprises by 2.2% during the second quarter. Arizona State Retirement System now owns 17,296 shares of the company’s stock valued at $724,000 after buying an additional 367 shares during the last quarter. Edgestream Partners L.P. boosted its position in shares of Rush Enterprises by 678.7% during the second quarter. Edgestream Partners L.P. now owns 130,602 shares of the company’s stock valued at $5,468,000 after buying an additional 113,831 shares during the last quarter. Finally, Denali Advisors LLC boosted its position in shares of Rush Enterprises by 42.9% during the second quarter. Denali Advisors LLC now owns 148,785 shares of the company’s stock valued at $6,230,000 after buying an additional 44,700 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens increased their price objective on Rush Enterprises from $66.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 1st.

Insider Buying and Selling at Rush Enterprises

In other news, CEO William M. Rusty Rush sold 117,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $63.98, for a total value of $7,517,650.00. Following the transaction, the chief executive officer now owns 174,154 shares of the company’s stock, valued at $11,142,372.92. This trade represents a 40.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven L. Keller sold 43,875 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $63.68, for a total value of $2,793,960.00. Following the completion of the transaction, the chief financial officer now directly owns 83,365 shares in the company, valued at $5,308,683.20. This trade represents a 34.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 176,000 shares of company stock valued at $11,167,173. 12.53% of the stock is owned by company insiders.

Rush Enterprises Stock Down 1.5 %

RUSHA stock opened at $54.58 on Monday. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.15. The business’s 50-day moving average is $58.99 and its two-hundred day moving average is $53.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 2.14 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. Rush Enterprises’s revenue was down 4.3% on a year-over-year basis. As a group, analysts forecast that Rush Enterprises, Inc. will post 3.64 earnings per share for the current year.

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, November 12th. Rush Enterprises’s dividend payout ratio is 19.10%.

Rush Enterprises Company Profile

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.