Global Alpha Capital Management Ltd. increased its position in shares of Daseke Inc (NASDAQ:DSKE) by 164.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,019,600 shares of the company’s stock after acquiring an additional 634,100 shares during the quarter. Daseke comprises approximately 2.0% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 25th biggest holding. Global Alpha Capital Management Ltd. owned about 1.58% of Daseke worth $8,177,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Daseke by 7.3% during the 3rd quarter. BlackRock Inc. now owns 2,991,438 shares of the company’s stock worth $23,992,000 after acquiring an additional 202,526 shares during the last quarter. US Bancorp DE boosted its stake in Daseke by 23.5% during the 3rd quarter. US Bancorp DE now owns 625,875 shares of the company’s stock worth $5,020,000 after acquiring an additional 118,974 shares during the last quarter. Millennium Management LLC boosted its stake in Daseke by 3,891.3% during the 2nd quarter. Millennium Management LLC now owns 604,996 shares of the company’s stock worth $6,008,000 after acquiring an additional 589,838 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Daseke by 3.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 602,726 shares of the company’s stock worth $4,834,000 after acquiring an additional 21,645 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Daseke by 20.4% during the 2nd quarter. Northern Trust Corp now owns 471,155 shares of the company’s stock worth $4,678,000 after acquiring an additional 79,915 shares during the last quarter. 36.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of DSKE stock opened at $3.54 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $228.17 million, a price-to-earnings ratio of -5.90 and a beta of 1.29. Daseke Inc has a 52 week low of $3.51 and a 52 week high of $14.52.
Several research analysts recently weighed in on the stock. Craig Hallum lowered shares of Daseke from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Cowen restated a “buy” rating and set a $15.00 target price on shares of Daseke in a report on Friday, August 10th. Finally, BidaskClub downgraded shares of Daseke from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $14.88.
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Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through Flatbed Solutions and Specialized Solutions segments. The company transports heavy haul freight, defense and commercial arms, ammunition and explosives, radioactive cargo and hazardous materials, and commercial sheet glass, as well as offers 10-wheel drive-away services.
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