Prescott Group Capital Management L.L.C. Sells 973 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Prescott Group Capital Management L.L.C. lessened its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA – Get Rating) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,870 shares of the company’s stock after selling 973 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Rush Enterprises were worth $673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RUSHA. Financial Management Professionals Inc. bought a new stake in shares of Rush Enterprises during the fourth quarter worth about $30,000. Lazard Asset Management LLC grew its holdings in shares of Rush Enterprises by 77.0% during the third quarter. Lazard Asset Management LLC now owns 1,106 shares of the company’s stock worth $48,000 after purchasing an additional 481 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Rush Enterprises during the third quarter worth about $81,000. Ensign Peak Advisors Inc bought a new stake in shares of Rush Enterprises during the third quarter worth about $89,000. Finally, Quantbot Technologies LP grew its holdings in shares of Rush Enterprises by 3,818.2% during the third quarter. Quantbot Technologies LP now owns 2,155 shares of the company’s stock worth $94,000 after purchasing an additional 2,100 shares during the last quarter. Institutional investors own 76.83% of the company’s stock.

Rush Enterprises Trading Up 0.8 %

Shares of Rush Enterprises stock traded up $0.40 during midday trading on Friday, reaching $53.50. The company had a trading volume of 16,342 shares, compared to its average volume of 186,179. The stock has a fifty day moving average price of $52.99 and a 200 day moving average price of $53.06. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.30 and a quick ratio of 0.31. The firm has a market cap of $2.90 billion, a PE ratio of 7.75, a P/E/G ratio of 0.63 and a beta of 0.95. Rush Enterprises, Inc. has a fifty-two week low of $42.72 and a fifty-two week high of $62.20.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Wednesday, May 10th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Tuesday, May 9th. Rush Enterprises’s dividend payout ratio is currently 12.26%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RUSHA. Stephens restated an “overweight” rating and set a $64.00 price target on shares of Rush Enterprises in a report on Thursday, February 16th. StockNews.com began coverage on Rush Enterprises in a research note on Thursday, May 18th. They issued a “buy” rating on the stock.

About Rush Enterprises

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Rush Enterprises, Inc engages in the business of retailing commercial vehicles. It operates under the Truck and All Other segments. The Truck segment includes an operating network of commercial vehicle dealerships that provide an integrated one-stop source for the commercial vehicle needs of its customers, including retail sales of new and used commercial vehicles, aftermarket parts, service, and collision center facilities, and financial services, including the financing of new and used commercial vehicle purchases, insurance products, and truck leasing and rentals.