Harspring Capital Management LLC Has $15.89 Million Stock Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Harspring Capital Management LLC decreased its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 290,000 shares of the company's stock after selling 20,000 shares during the quarter. Rush Enterprises makes up approximately 4.5% of Harspring Capital Management LLC's holdings, making the stock its 10th largest holding. Harspring Capital Management LLC owned 0.37% of Rush Enterprises worth $15,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of RUSHA. Commonwealth Equity Services LLC grew its holdings in 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 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 valued at $54,000 after purchasing an additional 192 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Rush Enterprises by 0.7% during 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. raised its position in shares of Rush Enterprises by 3.3% in 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 during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Rush Enterprises by 1.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company's stock valued at $1,782,000 after purchasing an additional 345 shares in the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Stephens reissued an "overweight" rating and issued a $69.00 target price on shares of Rush Enterprises in a research note on Wednesday, February 19th.

Rush Enterprises Stock Up 0.7 %

NASDAQ:RUSHA traded up $0.38 on Friday, reaching $51.77. The stock had a trading volume of 462,893 shares, compared to its average volume of 362,473. The company has a 50-day moving average of $54.85 and a 200 day moving average of $56.76. 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 stock has a market cap of $4.10 billion, a P/E ratio of 13.88, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. Rush Enterprises, Inc. has a 12-month low of $40.99 and a 12-month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.09. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. On average, research analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises's dividend payout ratio is currently 19.30%.

Insider Buying and Selling at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the completion of the transaction, the senior vice president now owns 3,117 shares of the company's stock, valued at approximately $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the transaction, the director now owns 15,771 shares of the company's stock, valued at approximately $922,918.92. This trade represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is currently owned by insiders.

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.