Prescott Group Capital Management L.L.C. Purchases New Shares in Covenant Logistics Group, Inc. $CVLG

Posted by Stanley Muller on May 21st, 2026

Prescott Group Capital Management L.L.C. purchased a new stake in shares of Covenant Logistics Group, Inc. (NYSE:CVLG – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 16,000 shares of the company’s stock, valued at approximately $353,000.

Other large investors have also added to or reduced their stakes in the company. Quarry LP acquired a new stake in Covenant Logistics Group during the 3rd quarter valued at $33,000. BNP Paribas Financial Markets grew its holdings in Covenant Logistics Group by 45.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,562 shares of the company’s stock valued at $38,000 after purchasing an additional 487 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Covenant Logistics Group during the 2nd quarter valued at $39,000. Tower Research Capital LLC TRC grew its holdings in Covenant Logistics Group by 127.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,971 shares of the company’s stock valued at $48,000 after purchasing an additional 1,103 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Covenant Logistics Group by 204.6% during the 4th quarter. State of Alaska Department of Revenue now owns 3,515 shares of the company’s stock valued at $77,000 after purchasing an additional 2,361 shares in the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Covenant Logistics Group Stock Performance

Shares of CVLG stock opened at $36.78 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.01 and a current ratio of 1.04. Covenant Logistics Group, Inc. has a one year low of $18.00 and a one year high of $36.91. The company’s 50-day simple moving average is $29.77 and its 200-day simple moving average is $26.14. The stock has a market capitalization of $925.75 million, a price-to-earnings ratio of 245.20 and a beta of 1.28.

Covenant Logistics Group (NYSE:CVLG – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.09). Covenant Logistics Group had a return on equity of 9.41% and a net margin of 0.42%.The company had revenue of $307.16 million for the quarter. Equities analysts anticipate that Covenant Logistics Group, Inc. will post 1.6 earnings per share for the current fiscal year.

Insider Transactions at Covenant Logistics Group

In other news, Director D Michael Kramer sold 2,650 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $34.72, for a total value of $92,008.00. Following the transaction, the director directly owned 22,086 shares in the company, valued at approximately $766,825.92. This trade represents a 10.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joey B. Hogan sold 14,700 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $34.76, for a total transaction of $510,972.00. Following the completion of the transaction, the director owned 104,094 shares in the company, valued at approximately $3,618,307.44. The trade was a 12.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 47,750 shares of company stock worth $1,490,052. 36.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Covenant Logistics Group from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. TD Cowen increased their price target on shares of Covenant Logistics Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Zacks Research raised shares of Covenant Logistics Group from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Check Out Our Latest Analysis on CVLG

About Covenant Logistics Group

(Free Report)

Covenant Logistics Group provides a comprehensive suite of transportation and logistics services across North America. The company’s core offerings include less‐than‐truckload (LTL) and full truckload hauling, temperature‐controlled freight, intermodal transportation and freight brokerage. Covenant also delivers specialized solutions such as expedited “hot‐shot” deliveries, cross‐border shipping to Canada and Mexico, and dedicated contract carriage for time‐sensitive or high‐value shipments.

With a network of service centers, terminals and partner carriers strategically located throughout the United States, Covenant supports diverse industries including food and beverage, automotive, retail, energy and manufacturing.