Boothbay Fund Management LLC Purchases Shares of 65,559 Hub Group, Inc. (NASDAQ:HUBG)

Boothbay Fund Management LLC bought a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 65,559 shares of the transportation company's stock, valued at approximately $2,921,000. Boothbay Fund Management LLC owned 0.11% of Hub Group as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock worth $5,354,000 after purchasing an additional 78,467 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Hub Group during the fourth quarter valued at about $1,279,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Hub Group by 16.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company's stock valued at $424,000 after acquiring an additional 1,368 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Hub Group by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company's stock valued at $25,753,000 after buying an additional 73,712 shares during the period. Finally, Atria Investments Inc bought a new position in Hub Group during the fourth quarter valued at about $216,000. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Stock Up 1.3 %

Shares of HUBG stock traded up $0.40 on Thursday, reaching $31.99. 490,021 shares of the company's stock traded hands, compared to its average volume of 513,636. The company has a market capitalization of $1.97 billion, a P/E ratio of 18.82 and a beta of 1.04. Hub Group, Inc. has a 12-month low of $30.84 and a 12-month high of $53.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The business's 50 day moving average price is $36.01 and its two-hundred day moving average price is $42.55.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, meeting analysts' consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, equities analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.56%. Hub Group's dividend payout ratio is 29.41%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HUBG. Susquehanna cut their price target on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a report on Wednesday, March 26th. Stifel Nicolaus increased their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 price target on the stock. Benchmark reduced their price objective on Hub Group from $49.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Barclays cut their target price on Hub Group from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Hub Group presently has an average rating of "Hold" and a consensus target price of $46.44.

About Hub Group

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.