USA Truck Sees Unusually High Options Volume (NASDAQ:USAK)

USA Truck, Inc. (NASDAQ:USAK) was the target of unusually large options trading activity on Wednesday. Traders acquired 2,164 put options on the company. This represents an increase of 1,010% compared to the typical volume of 195 put options.

In other news, CFO Jason R. Bates purchased 15,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was acquired at an average cost of $8.40 per share, for a total transaction of $126,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Creager purchased 5,721 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was purchased at an average price of $8.12 per share, with a total value of $46,454.52. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 28,056 shares of company stock valued at $257,942. Company insiders own 6.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Mackay Shields LLC raised its stake in USA Truck by 86.7% during the fourth quarter. Mackay Shields LLC now owns 30,057 shares of the transportation company’s stock valued at $450,000 after purchasing an additional 13,957 shares in the last quarter. Geode Capital Management LLC raised its stake in USA Truck by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 109,019 shares of the transportation company’s stock valued at $1,631,000 after purchasing an additional 7,588 shares in the last quarter. Callahan Advisors LLC raised its stake in USA Truck by 13.8% during the second quarter. Callahan Advisors LLC now owns 29,596 shares of the transportation company’s stock valued at $299,000 after purchasing an additional 3,600 shares in the last quarter. Grace & White Inc. NY raised its stake in USA Truck by 213.6% during the second quarter. Grace & White Inc. NY now owns 271,206 shares of the transportation company’s stock valued at $2,742,000 after purchasing an additional 184,736 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in USA Truck by 41.6% during the fourth quarter. Bank of New York Mellon Corp now owns 89,506 shares of the transportation company’s stock valued at $1,340,000 after purchasing an additional 26,298 shares in the last quarter. 78.65% of the stock is currently owned by institutional investors.

USAK stock opened at $8.10 on Friday. USA Truck has a one year low of $7.95 and a one year high of $23.44. The stock has a fifty day moving average of $9.60. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.95 and a quick ratio of 0.94. The stock has a market capitalization of $69.17 million, a P/E ratio of 5.19 and a beta of 1.47.

USA Truck (NASDAQ:USAK) last released its earnings results on Thursday, July 25th. The transportation company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.22). USA Truck had a return on equity of 14.49% and a net margin of 1.87%. The company had revenue of $133.62 million during the quarter, compared to analysts’ expectations of $138.20 million. As a group, equities analysts expect that USA Truck will post 1.38 EPS for the current fiscal year.

Several research firms have recently commented on USAK. Stephens began coverage on shares of USA Truck in a report on Monday, July 1st. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of USA Truck from a “strong sell” rating to a “hold” rating in a report on Saturday, July 13th. TheStreet downgraded shares of USA Truck from a “b-” rating to a “c” rating in a report on Friday, April 26th. Finally, Cowen lowered their target price on shares of USA Truck from $17.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. USA Truck presently has an average rating of “Buy” and an average target price of $23.50.

About USA Truck

USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services.

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