Kestrel Investment Management Corp Has $1.73 Million Stake in Daseke, Inc. (NASDAQ:DSKE)

Kestrel Investment Management Corp decreased its position in Daseke, Inc. (NASDAQ:DSKE) by 17.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 213,850 shares of the company’s stock after selling 45,800 shares during the period. Kestrel Investment Management Corp owned about 0.46% of Daseke worth $1,732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in Daseke by 118.1% in the 1st quarter. Quarry LP now owns 4,101 shares of the company’s stock worth $32,000 after purchasing an additional 2,221 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Daseke during the 1st quarter valued at $49,000. PNC Financial Services Group Inc. boosted its stake in shares of Daseke by 1,200.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,500 shares of the company’s stock valued at $33,000 after buying an additional 6,000 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Daseke by 109.8% during the 1st quarter. Lazard Asset Management LLC now owns 6,610 shares of the company’s stock valued at $66,000 after buying an additional 3,460 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Daseke by 167.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,601 shares of the company’s stock valued at $49,000 after buying an additional 6,017 shares during the period. Institutional investors and hedge funds own 71.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DSKE shares. TheStreet raised shares of Daseke from a “d+” rating to a “c-” rating in a research note on Wednesday, January 10th. Northland Securities reissued a “market perform” rating and set a $8.30 target price on shares of Daseke in a research note on Tuesday, December 26th.

Daseke Stock Down 0.1 %

Shares of Daseke stock traded down $0.01 during midday trading on Friday, reaching $8.29. 1,242,600 shares of the company’s stock traded hands, compared to its average volume of 749,200. The company has a market cap of $391.29 million, a price-to-earnings ratio of -14.05 and a beta of 2.00. The company’s 50 day simple moving average is $8.26 and its 200 day simple moving average is $6.73. The company has a debt-to-equity ratio of 14.52, a quick ratio of 1.12 and a current ratio of 1.12. Daseke, Inc. has a 52 week low of $4.06 and a 52 week high of $8.34.

Daseke Profile

Daseke, Inc provides transportation and logistics solutions in the United States, Canada, and Mexico. It operates in two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, commercial glass, high security cargo, industrial and hazardous waste, arms, ammunition and explosives, lumber, and building and construction materials, as well as heavy machinery, such as construction, mining, and agriculture.