Allianz Asset Management GmbH lifted its position in shares of Daseke Inc. (NASDAQ:DSKE) by 318.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 351,412 shares of the company’s stock after acquiring an additional 267,342 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.79% of Daseke worth $5,022,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank bought a new stake in Daseke in the fourth quarter valued at about $647,000. Bank of New York Mellon Corp increased its holdings in Daseke by 25.7% in the fourth quarter. Bank of New York Mellon Corp now owns 79,528 shares of the company’s stock valued at $1,136,000 after purchasing an additional 16,262 shares during the last quarter. Cadence Capital Management LLC bought a new stake in Daseke in the fourth quarter valued at about $1,641,000. Schwab Charles Investment Management Inc. increased its holdings in Daseke by 93.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 137,320 shares of the company’s stock valued at $1,963,000 after purchasing an additional 66,176 shares during the last quarter. Finally, Malaga Cove Capital LLC increased its holdings in Daseke by 16.7% in the fourth quarter. Malaga Cove Capital LLC now owns 144,303 shares of the company’s stock valued at $2,062,000 after purchasing an additional 20,611 shares during the last quarter. Institutional investors own 31.64% of the company’s stock.
Shares of DSKE stock traded down $0.22 on Friday, hitting $9.34. 501,889 shares of the stock were exchanged, compared to its average volume of 440,649. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.47 and a quick ratio of 2.47. The stock has a market capitalization of $533.96, a P/E ratio of -15.57 and a beta of 0.70. Daseke Inc. has a fifty-two week low of $8.76 and a fifty-two week high of $14.52.
Daseke (NASDAQ:DSKE) last posted its quarterly earnings data on Friday, March 16th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.05. The company had revenue of $257.23 million during the quarter, compared to analysts’ expectations of $253.61 million. Daseke had a negative return on equity of 7.54% and a net margin of 3.09%. equities analysts expect that Daseke Inc. will post -0.01 EPS for the current year.
A number of equities research analysts recently commented on DSKE shares. Northland Securities reiterated a “buy” rating and issued a $17.50 price objective on shares of Daseke in a report on Monday, December 11th. BidaskClub upgraded Daseke from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Buckingham Research initiated coverage on Daseke in a report on Friday, February 23rd. They issued a “buy” rating and a $14.00 price target for the company. Cowen restated a “buy” rating on shares of Daseke in a report on Monday, February 26th. Finally, Seaport Global Securities initiated coverage on Daseke in a report on Tuesday, March 6th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Daseke presently has an average rating of “Buy” and a consensus price target of $14.10.
In other news, Director Kevin M. Charlton sold 80,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $9.99, for a total transaction of $799,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 37.22% of the stock is owned by corporate insiders.
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Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through Flatbed Solutions and Specialized Solutions segments. The company transports heavy haul freight, defense and commercial arms, ammunition and explosives, radioactive cargo and hazardous materials, and commercial sheet glass, as well as offers 10-wheel drive-away services.
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