Aigen Investment Management LP Purchases Shares of 5,933 Rush Enterprises, Inc. (NASDAQ:RUSHA)

Aigen Investment Management LP acquired a new position in Rush Enterprises, Inc. (NASDAQ:RUSHA) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,933 shares of the company’s stock, valued at approximately $317,000.

Several other institutional investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its stake in shares of Rush Enterprises by 121.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company’s stock worth $62,000 after acquiring an additional 616 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Rush Enterprises by 29.4% during the 1st quarter. GAMMA Investing LLC now owns 1,267 shares of the company’s stock worth $68,000 after acquiring an additional 288 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Rush Enterprises by 833.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,961 shares of the company’s stock worth $107,000 after acquiring an additional 1,751 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Rush Enterprises during the 4th quarter worth $210,000. Finally, Cerity Partners LLC purchased a new position in shares of Rush Enterprises during the 1st quarter worth $207,000. Institutional investors own 84.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stephens reiterated an “overweight” rating on shares of Rush Enterprises in a research note on Monday, August 4th. Wall Street Zen downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, July 13th.

Insider Transactions at Rush Enterprises

In other news, COO Jason Wilder sold 4,980 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $55.55, for a total value of $276,639.00. Following the sale, the chief operating officer directly owned 79,692 shares in the company, valued at $4,426,890.60. The trade was a 5.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael L. Goldstone sold 4,500 shares of the business’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $52.10, for a total transaction of $234,450.00. Following the completion of the sale, the senior vice president owned 12,510 shares in the company, valued at approximately $651,771. This trade represents a 26.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,711 shares of company stock worth $908,113 in the last three months. Insiders own 12.28% of the company’s stock.

Rush Enterprises Stock Up 2.7%

Shares of RUSHA stock opened at $58.95 on Thursday. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.62 and a beta of 0.85. Rush Enterprises, Inc. has a one year low of $46.30 and a one year high of $65.43. The company’s fifty day moving average price is $52.89 and its 200-day moving average price is $53.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 0.32.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.10. Rush Enterprises had a net margin of 3.73% and a return on equity of 13.29%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Sell-side analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, August 12th will be issued a $0.19 dividend. This is a boost from Rush Enterprises’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, August 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. Rush Enterprises’s payout ratio is presently 21.65%.

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.