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

Dean Capital Management raised its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 36.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,182 shares of the company's stock after buying 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.

Several other institutional investors have also added to or reduced their stakes in RUSHA. Commonwealth Equity Services LLC grew its position in shares of Rush Enterprises by 1.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,183 shares of the company's stock valued at $613,000 after purchasing an additional 186 shares during the period. GAMMA Investing LLC lifted its stake in Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company's stock valued at $54,000 after buying an additional 192 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Rush Enterprises by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company's stock worth $1,649,000 after buying an additional 200 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in Rush Enterprises by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,365 shares of the company's stock worth $349,000 after buying an additional 202 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Rush Enterprises by 1.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company's stock valued at $1,782,000 after acquiring an additional 345 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at Rush Enterprises

In related news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Mcroberts sold 4,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the transaction, the director now owns 15,771 shares in the company, valued at $922,918.92. This trade represents a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.28% of the company's stock.

Rush Enterprises Price Performance

Shares of NASDAQ RUSHA traded down $0.54 during mid-day trading on Friday, reaching $48.21. The company's stock had a trading volume of 325,103 shares, compared to its average volume of 373,986. The stock has a 50-day moving average of $52.37 and a two-hundred day moving average of $56.60. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The stock has a market capitalization of $3.82 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.04 and a beta of 0.94. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43.

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

Rush Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, May 12th. Rush Enterprises's dividend payout ratio (DPR) is presently 20.11%.

About Rush Enterprises

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.