Counterpoint Mutual Funds LLC Purchases New Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Counterpoint Mutual Funds LLC purchased a new stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA – Get Rating) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,606 shares of the company’s stock, valued at approximately $136,000.

Several other institutional investors also recently bought and sold shares of the stock. Mackenzie Financial Corp increased its position in shares of Rush Enterprises by 5.4% in the first quarter. Mackenzie Financial Corp now owns 4,309 shares of the company’s stock valued at $219,000 after buying an additional 222 shares in the last quarter. Wambolt & Associates LLC increased its position in shares of Rush Enterprises by 3.6% in the third quarter. Wambolt & Associates LLC now owns 7,792 shares of the company’s stock valued at $342,000 after buying an additional 269 shares in the last quarter. Assetmark Inc. increased its position in shares of Rush Enterprises by 30.8% in the third quarter. Assetmark Inc. now owns 1,203 shares of the company’s stock valued at $53,000 after buying an additional 283 shares in the last quarter. Martingale Asset Management L P increased its position in shares of Rush Enterprises by 0.8% in the second quarter. Martingale Asset Management L P now owns 39,702 shares of the company’s stock valued at $1,915,000 after buying an additional 300 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Rush Enterprises by 77.0% in the third quarter. Lazard Asset Management LLC now owns 1,106 shares of the company’s stock valued at $48,000 after buying an additional 481 shares in the last quarter. 76.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 5,365 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $61.50, for a total transaction of $329,947.50. Following the transaction, the senior vice president now owns 1,600 shares of the company’s stock, valued at $98,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Rush Enterprises news, SVP Jody Pollard sold 5,365 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $61.50, for a total transaction of $329,947.50. Following the transaction, the senior vice president now owns 1,600 shares of the company’s stock, valued at $98,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Mcroberts sold 9,000 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $61.34, for a total value of $552,060.00. Following the transaction, the chief operating officer now directly owns 9,701 shares in the company, valued at approximately $595,059.34. The disclosure for this sale can be found here. Corporate insiders own 12.21% of the company’s stock.

Rush Enterprises Price Performance

Shares of NASDAQ:RUSHA traded down $1.46 during trading on Friday, reaching $51.61. The stock had a trading volume of 311,818 shares, compared to its average volume of 175,843. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.31 and a current ratio of 1.31. The business has a fifty day moving average price of $54.77 and a 200-day moving average price of $50.97. The stock has a market cap of $2.81 billion, a PE ratio of 7.53, a PEG ratio of 0.66 and a beta of 0.96. Rush Enterprises, Inc. has a 1-year low of $42.72 and a 1-year high of $62.20.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 16th. Stockholders of record on Monday, February 27th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, February 24th. Rush Enterprises’s dividend payout ratio is presently 12.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RUSHA. Stephens reaffirmed an “overweight” rating and issued a $64.00 price target on shares of Rush Enterprises in a research note on Thursday, February 16th. StockNews.com began coverage on Rush Enterprises in a research note on Thursday. They issued a “buy” rating on the stock.

About Rush Enterprises

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Rush Enterprises, Inc engages in the business of retailing commercial vehicles. It operates under the Truck and All Other segments. The Truck segment includes an operating network of commercial vehicle dealerships that provide an integrated one-stop source for the commercial vehicle needs of its customers, including retail sales of new and used commercial vehicles, aftermarket parts, service, and collision center facilities, and financial services, including the financing of new and used commercial vehicle purchases, insurance products, and truck leasing and rentals.