Marshall Wace LLP Invests $398,000 in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Marshall Wace LLP acquired a new stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,257 shares of the company's stock, valued at approximately $398,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RUSHA. Global Alpha Capital Management Ltd. lifted its position in shares of Rush Enterprises by 2.0% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock valued at $43,240,000 after acquiring an additional 15,200 shares in the last quarter. Costello Asset Management INC lifted its holdings in Rush Enterprises by 3,793.9% in the 4th quarter. Costello Asset Management INC now owns 42,833 shares of the company's stock worth $2,347,000 after purchasing an additional 41,733 shares in the last quarter. Natixis Advisors LLC boosted its stake in Rush Enterprises by 4.9% in the 4th quarter. Natixis Advisors LLC now owns 247,586 shares of the company's stock worth $13,566,000 after purchasing an additional 11,658 shares during the period. EMC Capital Management raised its position in shares of Rush Enterprises by 82.6% during the fourth quarter. EMC Capital Management now owns 9,603 shares of the company's stock valued at $526,000 after buying an additional 4,345 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Rush Enterprises in the fourth quarter worth $5,760,000. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Michael Mcroberts sold 4,000 shares of the firm'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 sale, the director now directly owns 15,771 shares in the company, valued at $922,918.92. This trade represents a 20.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jody Pollard sold 11,250 shares of the firm's 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 directly owns 3,117 shares in the company, valued at approximately $175,892.31. The trade was a 78.30 % 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.

Analyst Upgrades and Downgrades

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

Rush Enterprises Trading Down 0.8 %

Shares of NASDAQ:RUSHA traded down $0.38 during trading on Friday, hitting $48.37. The company had a trading volume of 56,919 shares, compared to its average volume of 372,529. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. The company has a fifty day simple moving average of $52.51 and a two-hundred day simple moving average of $56.62. Rush Enterprises, Inc. has a one year low of $40.99 and a one year high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted 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. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. As a group, equities analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share 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 issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Monday, May 12th. Rush Enterprises's dividend payout ratio is 20.11%.

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.