Denali Advisors LLC Has $6.23 Million Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Denali Advisors LLC lifted its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 42.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,785 shares of the company’s stock after buying an additional 44,700 shares during the quarter. Rush Enterprises comprises about 1.7% of Denali Advisors LLC’s holdings, making the stock its 15th largest position. Denali Advisors LLC owned 0.19% of Rush Enterprises worth $6,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Rush Enterprises by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 7,336,456 shares of the company’s stock worth $369,024,000 after acquiring an additional 420,978 shares in the last quarter. Wellington Management Group LLP boosted its stake in Rush Enterprises by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 6,354,756 shares of the company’s stock worth $319,644,000 after acquiring an additional 161,679 shares in the last quarter. Cooke & Bieler LP boosted its stake in Rush Enterprises by 10.1% during the second quarter. Cooke & Bieler LP now owns 1,092,709 shares of the company’s stock worth $45,752,000 after acquiring an additional 100,318 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Rush Enterprises by 6.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,047,905 shares of the company’s stock worth $43,875,000 after acquiring an additional 63,413 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its stake in shares of Rush Enterprises by 239.1% in the first quarter. William Blair Investment Management LLC now owns 794,375 shares of the company’s stock valued at $42,515,000 after buying an additional 560,138 shares in the last quarter. 84.43% of the stock is owned by institutional investors.

Insider Activity at Rush Enterprises

In related news, CEO William M. Rusty Rush sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the transaction, the chief executive officer now directly owns 174,154 shares of the company’s stock, valued at $9,371,226.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO William M. Rusty Rush sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the completion of the sale, the chief executive officer now owns 174,154 shares in the company, valued at $9,371,226.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Mcroberts sold 12,500 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $50.72, for a total transaction of $634,000.00. Following the sale, the chief operating officer now owns 15,220 shares of the company’s stock, valued at approximately $771,958.40. The disclosure for this sale can be found here. Insiders have sold 64,875 shares of company stock valued at $3,422,554 over the last ninety days. Corporate insiders own 12.53% of the company’s stock.

Rush Enterprises Stock Down 0.4 %

Rush Enterprises stock opened at $50.68 on Tuesday. Rush Enterprises, Inc. has a 1-year low of $34.68 and a 1-year high of $56.64. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.84 and a beta of 1.01. The firm’s fifty day moving average price is $49.87 and its two-hundred day moving average price is $47.70. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.24.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.20. Rush Enterprises had a net margin of 3.90% and a return on equity of 15.85%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that Rush Enterprises, Inc. will post 3.44 earnings per share for the current fiscal year.

Rush Enterprises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were given a dividend of $0.18 per share. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, August 13th. Rush Enterprises’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analysts Forecast Growth

Separately, Stephens assumed coverage on shares of Rush Enterprises in a research note on Monday, July 8th. They issued an “overweight” rating on the stock.

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.