Covenant Logistics Group (NYSE:CVLG) EVP Joey Ballard Sells 4,282 Shares of Stock

Posted by George Bondi on May 28th, 2026

Covenant Logistics Group, Inc. (NYSE:CVLG – Get Free Report) EVP Joey Ballard sold 4,282 shares of Covenant Logistics Group stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $37.40, for a total transaction of $160,146.80. Following the transaction, the executive vice president directly owned 20,867 shares of the company’s stock, valued at $780,425.80. This represents a 17.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Joey Ballard also recently made the following trade(s):

On Tuesday, May 26th, Joey Ballard sold 3,718 shares of Covenant Logistics Group stock. The shares were sold at an average price of $38.00, for a total transaction of $141,284.00.

Covenant Logistics Group Trading Up 2.2%

Shares of CVLG stock opened at $39.70 on Thursday. Covenant Logistics Group, Inc. has a 12-month low of $18.00 and a 12-month high of $39.79. The company has a market capitalization of $999.25 million, a P/E ratio of 264.67 and a beta of 1.28. The firm has a 50-day moving average price of $31.05 and a 200 day moving average price of $26.77. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.50.

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

Institutional Investors Weigh In On Covenant Logistics Group

A number of institutional investors and hedge funds have recently modified their holdings of CVLG. Quarry LP bought a new stake in shares of Covenant Logistics Group during the third quarter worth approximately $33,000. BNP Paribas Financial Markets raised its stake in shares of Covenant Logistics Group by 45.3% during the second quarter. BNP Paribas Financial Markets now owns 1,562 shares of the company’s stock worth $38,000 after buying an additional 487 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Covenant Logistics Group during the second quarter worth approximately $39,000. Tower Research Capital LLC TRC raised its stake in shares of Covenant Logistics Group by 127.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,971 shares of the company’s stock worth $48,000 after buying an additional 1,103 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Covenant Logistics Group by 204.6% in the fourth 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. TD Cowen upped their target price 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. Wall Street Zen lowered shares of Covenant Logistics Group from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Zacks Research upgraded shares of Covenant Logistics Group from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.00.

View Our Latest Report on CVLG

About Covenant Logistics Group

(Get 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.