David Ray Parker Sells 10,000 Shares of Covenant Transportation Group, Inc. (CVTI) Stock

Covenant Transportation Group, Inc. (NASDAQ:CVTI) CEO David Ray Parker sold 10,000 shares of Covenant Transportation Group stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $30.02, for a total transaction of $300,200.00. Following the sale, the chief executive officer now directly owns 110,580 shares of the company’s stock, valued at $3,319,611.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

David Ray Parker also recently made the following trade(s):

  • On Thursday, November 30th, David Ray Parker sold 29,255 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.01, for a total transaction of $877,942.55.
  • On Monday, December 4th, David Ray Parker sold 30,455 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.01, for a total transaction of $913,954.55.
  • On Wednesday, November 22nd, David Ray Parker sold 3,814 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.00, for a total transaction of $114,420.00.
  • On Friday, November 24th, David Ray Parker sold 10,783 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.02, for a total transaction of $323,705.66.
  • On Wednesday, November 1st, David Ray Parker sold 54,219 shares of Covenant Transportation Group stock. The shares were sold at an average price of $30.04, for a total transaction of $1,628,738.76.
  • On Friday, November 3rd, David Ray Parker sold 60,919 shares of Covenant Transportation Group stock. The shares were sold at an average price of $30.04, for a total transaction of $1,830,006.76.
  • On Wednesday, October 25th, David Ray Parker sold 57,381 shares of Covenant Transportation Group stock. The shares were sold at an average price of $28.68, for a total transaction of $1,645,687.08.
  • On Friday, October 27th, David Ray Parker sold 250,000 shares of Covenant Transportation Group stock. The shares were sold at an average price of $28.77, for a total transaction of $7,192,500.00.

Covenant Transportation Group, Inc. (NASDAQ:CVTI) traded up $0.06 during midday trading on Thursday, reaching $29.86. 171,200 shares of the company’s stock were exchanged, compared to its average volume of 113,620. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $545.04, a price-to-earnings ratio of 43.19 and a beta of 1.67. Covenant Transportation Group, Inc. has a one year low of $15.86 and a one year high of $30.60.

Covenant Transportation Group (NASDAQ:CVTI) last posted its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.08. The company had revenue of $178.60 million for the quarter, compared to analyst estimates of $170.10 million. Covenant Transportation Group had a net margin of 1.82% and a return on equity of 5.30%. Covenant Transportation Group’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. research analysts anticipate that Covenant Transportation Group, Inc. will post 0.9 EPS for the current year.

A number of equities research analysts recently weighed in on CVTI shares. Zacks Investment Research raised shares of Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. TheStreet raised shares of Covenant Transportation Group from a “c+” rating to a “b” rating in a research report on Thursday, October 19th. ValuEngine raised shares of Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. BidaskClub raised shares of Covenant Transportation Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Stephens raised shares of Covenant Transportation Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $20.00 to $25.00 in a research report on Monday, August 14th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Covenant Transportation Group presently has a consensus rating of “Buy” and an average price target of $25.63.

A number of hedge funds and other institutional investors have recently bought and sold shares of CVTI. Vanguard Group Inc. increased its stake in Covenant Transportation Group by 12.7% in the first quarter. Vanguard Group Inc. now owns 525,843 shares of the transportation company’s stock valued at $9,887,000 after purchasing an additional 59,199 shares during the period. Geode Capital Management LLC increased its stake in Covenant Transportation Group by 4.2% in the first quarter. Geode Capital Management LLC now owns 100,207 shares of the transportation company’s stock valued at $1,883,000 after purchasing an additional 4,068 shares during the period. Bank of America Corp DE increased its stake in Covenant Transportation Group by 56.3% in the first quarter. Bank of America Corp DE now owns 40,854 shares of the transportation company’s stock valued at $767,000 after purchasing an additional 14,724 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in Covenant Transportation Group in the second quarter valued at $622,000. Finally, Hodges Capital Management Inc. increased its stake in Covenant Transportation Group by 30.1% in the second quarter. Hodges Capital Management Inc. now owns 132,145 shares of the transportation company’s stock valued at $2,317,000 after purchasing an additional 30,540 shares during the period. Institutional investors own 63.29% of the company’s stock.

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Covenant Transportation Group Company Profile

Covenant Transportation Group, Inc is a provider of expedited long haul freight transportation, primarily using two-person driver teams in transcontinental lanes. The Company’s services also include refrigerated, dedicated, cross-border, regional and brokerage. The Company’s segments include Truckload and Other.

Insider Buying and Selling by Quarter for Covenant Transportation Group (NASDAQ:CVTI)

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