Proficio Capital Partners LLC Has $18.35 Million Stock Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Proficio Capital Partners LLC increased its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 5,379.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 334,822 shares of the company’s stock after acquiring an additional 328,711 shares during the quarter. Proficio Capital Partners LLC’s holdings in Rush Enterprises were worth $18,345,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Rush Enterprises by 266.1% during the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock valued at $37,000 after purchasing an additional 511 shares in the last quarter. GAMMA Investing LLC lifted its stake in Rush Enterprises by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock valued at $54,000 after buying an additional 192 shares in the last quarter. Costello Asset Management INC acquired a new position in shares of Rush Enterprises in the third quarter valued at approximately $58,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Rush Enterprises during the third quarter worth $64,000. Finally, Farther Finance Advisors LLC increased its position in shares of Rush Enterprises by 73.8% during the third quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company’s stock worth $78,000 after acquiring an additional 628 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens restated an “overweight” rating and issued a $69.00 target price on shares of Rush Enterprises in a research note on Wednesday, February 19th.

Rush Enterprises Price Performance

NASDAQ:RUSHA opened at $58.32 on Friday. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43. The company has a market cap of $4.61 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.04 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The stock’s 50-day simple moving average is $58.19 and its 200 day simple moving average is $56.28.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.09. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. As a group, sell-side analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.30%.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the transaction, the director now owns 15,771 shares in the company, valued at $922,918.92. This represents a 20.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the completion of the sale, the senior vice president now owns 3,117 shares of the company’s stock, valued at approximately $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.53% of the company’s stock.

Rush Enterprises Profile

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.