Victory Capital Management Inc. raised its stake in Daseke, Inc. (NASDAQ:DSKE) by 33.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 33,073 shares of the company’s stock after purchasing an additional 8,329 shares during the quarter. Victory Capital Management Inc.’s holdings in Daseke were worth $214,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DSKE. Dimensional Fund Advisors LP increased its stake in Daseke by 16.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 210,032 shares of the company’s stock worth $1,220,000 after purchasing an additional 30,436 shares during the period. Los Angeles Capital Management LLC increased its stake in Daseke by 34.6% during the first quarter. Los Angeles Capital Management LLC now owns 62,995 shares of the company’s stock worth $535,000 after purchasing an additional 16,205 shares during the period. BlackRock Inc. increased its stake in Daseke by 1.9% during the first quarter. BlackRock Inc. now owns 3,446,928 shares of the company’s stock worth $29,264,000 after purchasing an additional 63,298 shares during the period. Royce & Associates LP purchased a new stake in Daseke during the first quarter worth about $6,919,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Daseke during the first quarter worth approximately $364,000. 34.84% of the stock is currently owned by institutional investors.
Several equities analysts have commented on DSKE shares. Stifel Nicolaus started coverage on shares of Daseke in a research note on Monday, June 21st. They issued a “hold” rating on the stock. Craig Hallum increased their price target on Daseke from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, August 3rd. Finally, Zacks Investment Research raised Daseke from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Friday, August 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Daseke presently has a consensus rating of “Buy” and a consensus target price of $10.13.
Daseke (NASDAQ:DSKE) last posted its quarterly earnings data on Tuesday, August 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.40. Daseke had a return on equity of 90.83% and a net margin of 3.52%. The company had revenue of $404.00 million for the quarter, compared to the consensus estimate of $369.70 million. On average, analysts forecast that Daseke, Inc. will post 0.8 earnings per share for the current fiscal year.
In other news, COO Rick Alan Williams sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $9.13, for a total value of $2,282,500.00. Following the completion of the sale, the chief operating officer now directly owns 49,505 shares in the company, valued at approximately $451,980.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 31.20% of the stock is currently owned by insiders.
Daseke Company Profile
Daseke, Inc engages in the provision of transportation and logistics solutions. It operates through the Flatbed Solutions and Specialized Solutions segments. The Flatbed Solutions segment delivers its services through flatbed and retractable-sided transportation equipment to meet the needs of high-volume and time-sensitive shippers.
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