Daseke Inc (NASDAQ:DSKE) Director Kevin M. Charlton sold 80,000 shares of Daseke stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $9.99, for a total value of $799,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Daseke Inc (NASDAQ DSKE) traded down $0.17 on Tuesday, reaching $10.49. The company had a trading volume of 630,899 shares, compared to its average volume of 413,327. The stock has a market capitalization of $459.46 and a price-to-earnings ratio of -12.64. Daseke Inc has a 12 month low of $8.76 and a 12 month high of $14.52. The company has a current ratio of 2.88, a quick ratio of 2.89 and a debt-to-equity ratio of 2.05.
Several research analysts recently commented on DSKE shares. BidaskClub lowered Daseke from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. Northland Securities reiterated a “buy” rating and issued a $17.50 price target on shares of Daseke in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.88.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC purchased a new position in Daseke in the fourth quarter worth about $169,000. Crestline Management LP purchased a new position in Daseke in the fourth quarter worth about $701,000. California State Teachers Retirement System grew its position in Daseke by 16.9% in the fourth quarter. California State Teachers Retirement System now owns 38,008 shares of the company’s stock worth $543,000 after acquiring an additional 5,483 shares in the last quarter. Two Sigma Investments LP grew its position in Daseke by 107.6% in the fourth quarter. Two Sigma Investments LP now owns 98,556 shares of the company’s stock worth $1,408,000 after acquiring an additional 51,077 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Daseke in the fourth quarter worth about $316,000. Institutional investors own 40.12% of the company’s stock.
Daseke, Inc is a consolidator of the open deck freight market in North America. The Company provides open deck transportation and logistics. It operates through two segments: Flatbed Solutions and Specialized Solutions. The Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment.
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