Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Bought by Dean Capital Management

Dean Capital Management increased its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 36.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,182 shares of the company's stock after purchasing an additional 9,094 shares during the quarter. Dean Capital Management's holdings in Rush Enterprises were worth $1,873,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in Rush Enterprises by 475.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after buying an additional 703 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company's stock worth $54,000 after purchasing an additional 192 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Rush Enterprises by 121.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock worth $62,000 after purchasing an additional 616 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Rush Enterprises in the 3rd quarter worth approximately $64,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Rush Enterprises by 71.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock worth $79,000 after purchasing an additional 596 shares during the period. Hedge funds and other institutional investors own 84.43% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stephens decreased their price target on Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd.

Rush Enterprises Trading Up 6.7%

Shares of RUSHA stock traded up $3.24 on Monday, reaching $51.27. 268,604 shares of the company's stock were exchanged, compared to its average volume of 374,068. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company's fifty day simple moving average is $52.37 and its 200 day simple moving average is $56.65. The stock has a market capitalization of $4.06 billion, a PE ratio of 13.74, a P/E/G ratio of 1.04 and a beta of 0.94. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. As a group, analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Monday, May 12th. Rush Enterprises's dividend payout ratio (DPR) is presently 20.11%.

Insider Activity

In related news, Director Michael Mcroberts sold 4,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the transaction, the director now directly owns 15,771 shares in the company, valued at $922,918.92. The trade was a 20.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jody Pollard sold 11,250 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the transaction, the senior vice president now owns 3,117 shares in the company, valued at approximately $175,892.31. This trade represents a 78.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.28% of the company's stock.

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.