Harspring Capital Management LLC Has $16.60 Million Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Harspring Capital Management LLC decreased its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 330,000 shares of the company’s stock after selling 15,000 shares during the quarter. Rush Enterprises makes up about 3.9% of Harspring Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Harspring Capital Management LLC owned 0.42% of Rush Enterprises worth $16,599,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Franklin Resources Inc. boosted its holdings in Rush Enterprises by 1.3% during the fourth quarter. Franklin Resources Inc. now owns 16,941 shares of the company’s stock worth $852,000 after purchasing an additional 219 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Rush Enterprises by 13.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,590 shares of the company’s stock valued at $130,000 after acquiring an additional 300 shares during the last quarter. Gladius Capital Management LP lifted its stake in Rush Enterprises by 891.2% in the third quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock valued at $46,000 after acquiring an additional 1,007 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Rush Enterprises by 4.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,552 shares of the company’s stock valued at $1,436,000 after acquiring an additional 1,222 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in Rush Enterprises by 30.2% in the third quarter. Quantbot Technologies LP now owns 6,533 shares of the company’s stock valued at $267,000 after acquiring an additional 1,515 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, SVP Jason Wilder sold 11,250 shares of Rush Enterprises stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $46.23, for a total value of $520,087.50. Following the completion of the sale, the senior vice president now owns 534 shares in the company, valued at approximately $24,686.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.53% of the stock is currently owned by corporate insiders.

Rush Enterprises Stock Performance

RUSHA stock traded down $0.11 during trading hours on Friday, reaching $43.51. The stock had a trading volume of 251,189 shares, compared to its average volume of 253,279. The stock has a market capitalization of $3.42 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 2.00 and a beta of 1.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.28. The stock has a 50-day simple moving average of $46.76 and a 200 day simple moving average of $46.25. Rush Enterprises, Inc. has a fifty-two week low of $34.68 and a fifty-two week high of $53.78.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The company had revenue of $1.87 billion during the quarter. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. During the same quarter in the prior year, the business posted $1.07 EPS. Analysts predict that Rush Enterprises, Inc. will post 2.98 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio is presently 17.19%.

Wall Street Analysts Forecast Growth

Separately, Stephens reiterated an “overweight” rating and issued a $60.00 price target on shares of Rush Enterprises in a research note on Wednesday, April 24th.

Rush Enterprises Profile

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.