Rush Enterprises, Inc. (NASDAQ:RUSHA) Stake Lifted by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. boosted its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 25.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 619,988 shares of the company's stock after buying an additional 127,300 shares during the quarter. Rush Enterprises accounts for about 2.5% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 15th largest holding. Global Alpha Capital Management Ltd. owned about 0.78% of Rush Enterprises worth $31,185,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Yousif Capital Management LLC acquired a new stake in shares of Rush Enterprises during the 4th quarter worth approximately $1,493,000. Public Employees Retirement System of Ohio grew its stake in Rush Enterprises by 49.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 174,267 shares of the company's stock valued at $7,115,000 after acquiring an additional 58,050 shares during the period. Maryland State Retirement & Pension System acquired a new stake in Rush Enterprises in the 4th quarter valued at $1,127,000. Victory Capital Management Inc. grew its stake in Rush Enterprises by 29.0% in the 3rd quarter. Victory Capital Management Inc. now owns 86,916 shares of the company's stock valued at $3,549,000 after acquiring an additional 19,554 shares during the period. Finally, International Assets Investment Management LLC grew its stake in Rush Enterprises by 4,929.9% in the 4th quarter. International Assets Investment Management LLC now owns 18,007 shares of the company's stock valued at $906,000 after acquiring an additional 17,649 shares during the period. Institutional investors and hedge funds own 84.43% of the company's stock.

Analysts Set New Price Targets

Separately, Stephens reissued an "overweight" rating and issued a $60.00 price target on shares of Rush Enterprises in a research note on Wednesday, April 24th.

Insiders Place Their Bets

In related news, SVP Jason Wilder sold 11,250 shares of the company's stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $46.23, for a total transaction of $520,087.50. Following the sale, the senior vice president now directly owns 534 shares in the company, valued at $24,686.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.53% of the company's stock.

Rush Enterprises Trading Down 1.6 %

NASDAQ RUSHA traded down $0.72 during trading hours on Tuesday, reaching $44.89. The company had a trading volume of 176,406 shares, compared to its average volume of 367,051. The stock has a 50-day moving average of $48.64 and a 200 day moving average of $45.73. Rush Enterprises, Inc. has a 1-year low of $34.53 and a 1-year high of $53.78. The company has a current ratio of 1.43, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $3.53 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.05 and a beta of 1.07.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. The company had revenue of $1.87 billion for the quarter. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. During the same period in the previous year, the company earned $1.07 EPS. As a group, research analysts anticipate that Rush Enterprises, Inc. will post 2.92 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.51%. Rush Enterprises's dividend payout ratio (DPR) is presently 17.19%.

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.