Two Sigma Advisers LP purchased a new position in shares of Daseke Inc. (NASDAQ:DSKE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 22,100 shares of the company’s stock, valued at approximately $316,000.
A number of other large investors have also modified their holdings of the business. TimesSquare Capital Management LLC lifted its position in Daseke by 109.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,510,000 shares of the company’s stock worth $21,578,000 after buying an additional 789,100 shares in the last quarter. BlackRock Inc. lifted its position in Daseke by 39.8% during the 4th quarter. BlackRock Inc. now owns 1,263,249 shares of the company’s stock worth $18,052,000 after buying an additional 359,494 shares in the last quarter. Emerald Advisers Inc. PA lifted its position in Daseke by 53.5% during the 4th quarter. Emerald Advisers Inc. PA now owns 1,168,230 shares of the company’s stock worth $16,694,000 after buying an additional 407,273 shares in the last quarter. Renaissance Technologies LLC lifted its position in Daseke by 12.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,009,300 shares of the company’s stock worth $14,423,000 after buying an additional 110,400 shares in the last quarter. Finally, Kennedy Capital Management Inc. lifted its position in Daseke by 9.9% during the 4th quarter. Kennedy Capital Management Inc. now owns 495,917 shares of the company’s stock worth $7,087,000 after buying an additional 44,493 shares in the last quarter. 31.70% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Kevin M. Charlton sold 80,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $9.99, for a total transaction of $799,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 28.58% of the stock is owned by insiders.
Several brokerages have commented on DSKE. BidaskClub cut shares of Daseke from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. Cowen restated a “buy” rating on shares of Daseke in a research note on Monday, February 26th. Buckingham Research initiated coverage on shares of Daseke in a research note on Friday, February 23rd. They set a “buy” rating and a $14.00 price objective on the stock. Seaport Global Securities initiated coverage on shares of Daseke in a research note on Tuesday, March 6th. They set a “buy” rating on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Daseke in a research note on Friday, April 6th. They set a “buy” rating and a $12.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.10.
Daseke stock opened at $8.70 on Tuesday. The stock has a market cap of $507.66, a PE ratio of -14.50 and a beta of 0.70. Daseke Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $14.52. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 2.01.
Daseke (NASDAQ:DSKE) last released 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 for the quarter, compared to analyst estimates of $253.61 million. Daseke had a net margin of 3.09% and a negative return on equity of 7.54%. research analysts expect that Daseke Inc. will post 0.06 EPS for the current fiscal year.
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Daseke Company Profile
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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