Assenagon Asset Management S.A. Sells 170,887 Shares of Daseke, Inc. (NASDAQ:DSKE)

Assenagon Asset Management S.A. decreased its holdings in shares of Daseke, Inc. (NASDAQ:DSKE - Free Report) by 25.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 510,046 shares of the company's stock after selling 170,887 shares during the period. Assenagon Asset Management S.A. owned approximately 1.10% of Daseke worth $4,131,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quarry LP increased its stake in Daseke by 118.1% in the first quarter. Quarry LP now owns 4,101 shares of the company's stock valued at $32,000 after acquiring an additional 2,221 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Daseke by 1,200.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,500 shares of the company's stock valued at $33,000 after purchasing an additional 6,000 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Daseke by 167.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,601 shares of the company's stock valued at $49,000 after buying an additional 6,017 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Daseke during the 1st quarter valued at about $49,000. Finally, Tower Research Capital LLC TRC lifted its position in Daseke by 408.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,955 shares of the company's stock worth $51,000 after buying an additional 7,996 shares during the last quarter. 71.45% of the stock is currently owned by hedge funds and other institutional investors.

Daseke Trading Down 0.1 %

DSKE traded down $0.01 on Tuesday, hitting $8.29. 1,229,021 shares of the company were exchanged, compared to its average volume of 551,149. The company has a debt-to-equity ratio of 14.52, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a fifty day simple moving average of $8.22 and a two-hundred day simple moving average of $6.44. The stock has a market capitalization of $391.29 million, a PE ratio of 63.77 and a beta of 2.00. Daseke, Inc. has a 12 month low of $4.06 and a 12 month high of $8.34.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DSKE shares. TheStreet raised shares of Daseke from a "d+" rating to a "c-" rating in a research note on Wednesday, January 10th. Northland Securities reissued a "market perform" rating and issued a $8.30 price target on shares of Daseke in a research note on Tuesday, December 26th.

About Daseke

Daseke, Inc provides transportation and logistics solutions in the United States, Canada, and Mexico. It operates in two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, commercial glass, high security cargo, industrial and hazardous waste, arms, ammunition and explosives, lumber, and building and construction materials, as well as heavy machinery, such as construction, mining, and agriculture.