Daseke Inc (DSKE) CEO Acquires $257,640.00 in Stock

Daseke Inc (NASDAQ:DSKE) CEO Don R. Daseke bought 76,000 shares of the business’s stock in a transaction on Thursday, December 13th. The shares were acquired at an average price of $3.39 per share, with a total value of $257,640.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

DSKE stock opened at $3.35 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.81 and a quick ratio of 1.81. Daseke Inc has a 12 month low of $3.18 and a 12 month high of $14.52. The company has a market capitalization of $215.92 million, a PE ratio of 67.00 and a beta of 1.29.

Daseke (NASDAQ:DSKE) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Daseke had a net margin of 3.77% and a return on equity of 2.25%. The firm had revenue of $461.59 million during the quarter, compared to the consensus estimate of $430.29 million. During the same quarter last year, the business posted ($0.03) earnings per share. Daseke’s revenue was up 99.5% compared to the same quarter last year. Equities research analysts predict that Daseke Inc will post 0.07 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in DSKE. Virtu Financial LLC bought a new position in shares of Daseke in the third quarter valued at approximately $127,000. Millennium Management LLC bought a new position in shares of Daseke in the first quarter valued at approximately $148,000. Arcus Capital Partners LLC bought a new position in shares of Daseke in the third quarter valued at approximately $164,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Daseke in the second quarter valued at approximately $168,000. Finally, PEAK6 Investments LLC bought a new position in shares of Daseke in the third quarter valued at approximately $168,000. Institutional investors own 36.15% of the company’s stock.

A number of equities analysts have weighed in on the stock. Craig Hallum lowered shares of Daseke from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. BidaskClub lowered shares of Daseke from a “sell” rating to a “strong sell” rating in a research report on Friday, October 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $14.00.

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Daseke Company Profile

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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