Covenant Logistics Group, Inc. (CVLG) To Go Ex-Dividend on September 6th

Covenant Logistics Group, Inc. (NASDAQ:CVLG) announced a quarterly dividend on Tuesday, August 20th, Wall Street Journal reports. Stockholders of record on Friday, September 6th will be paid a dividend of 0.11 per share on Friday, September 27th. This represents a $0.44 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, September 6th.

Covenant Logistics Group Stock Up 0.6 %

Shares of NASDAQ CVLG opened at $52.96 on Wednesday. Covenant Logistics Group has a 12-month low of $38.25 and a 12-month high of $56.96. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.48. The firm has a market cap of $692.29 million, a PE ratio of 16.97 and a beta of 1.38. The company’s fifty day simple moving average is $51.43 and its 200 day simple moving average is $48.33.

Covenant Logistics Group (NASDAQ:CVLG) last issued its earnings results on Wednesday, July 24th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.95 by $0.09. Covenant Logistics Group had a return on equity of 13.78% and a net margin of 3.76%. The company had revenue of $287.50 million during the quarter. During the same quarter in the prior year, the business earned $1.07 earnings per share. As a group, sell-side analysts forecast that Covenant Logistics Group will post 4.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TD Cowen upped their target price on Covenant Logistics Group from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

Insider Activity

In other Covenant Logistics Group news, Director Herbert J. Schmidt sold 21,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $55.24, for a total transaction of $1,160,040.00. Following the completion of the sale, the director now directly owns 12,134 shares of the company’s stock, valued at approximately $670,282.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 36.50% of the company’s stock.

Covenant Logistics Group Company Profile

Covenant Logistics Group, Inc, together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows.