GAMMA Investing LLC Boosts Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

GAMMA Investing LLC lifted its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 6,812.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,670 shares of the company's stock after purchasing an additional 66,691 shares during the quarter. GAMMA Investing LLC owned about 0.09% of Rush Enterprises worth $3,614,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Rush Enterprises by 475.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock worth $46,000 after acquiring an additional 703 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in 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 buying an additional 616 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in 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 buying an additional 596 shares during the last quarter. Sterling Capital Management LLC increased its stake in Rush Enterprises by 833.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,961 shares of the company's stock worth $107,000 after buying an additional 1,751 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Rush Enterprises during the fourth quarter valued at approximately $179,000. Institutional investors and hedge funds own 84.43% of the company's stock.

Rush Enterprises Trading Down 0.2%

NASDAQ:RUSHA traded down $0.09 on Thursday, reaching $51.18. The company's stock had a trading volume of 298,641 shares, compared to its average volume of 386,826. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.04 and a beta of 0.89. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a 12-month low of $40.99 and a 12-month high of $65.43. The stock has a 50 day moving average price of $50.65 and a 200 day moving average price of $55.24.

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

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.41%. The ex-dividend date is Monday, May 12th. Rush Enterprises's dividend payout ratio (DPR) is presently 20.11%.

Insider Buying and Selling at Rush Enterprises

In related news, SVP Michael L. Goldstone sold 4,500 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $52.10, for a total value of $234,450.00. Following the transaction, the senior vice president now owns 12,510 shares in the company, valued at $651,771. The trade was a 26.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Jason Wilder sold 748 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $56.08, for a total transaction of $41,947.84. Following the completion of the sale, the chief operating officer now owns 84,672 shares of the company's stock, valued at $4,748,405.76. This trade represents a 0.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,731 shares of company stock worth $303,634 over the last ninety days. Corporate insiders own 12.28% of the company's stock.

Analyst Upgrades and Downgrades

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

Rush Enterprises 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.