Boothbay Fund Management LLC Purchases New Stake in Daseke, Inc. (NASDAQ:DSKE)

Posted by on Mar 6th, 2023

Boothbay Fund Management LLC purchased a new stake in shares of Daseke, Inc. (NASDAQ:DSKE – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 37,758 shares of the company’s stock, valued at approximately $204,000. Boothbay Fund Management LLC owned 0.06% of Daseke at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Alta Fox Capital Management LLC raised its position in Daseke by 19.1% during the second quarter. Alta Fox Capital Management LLC now owns 2,228,664 shares of the company’s stock valued at $14,241,000 after buying an additional 356,753 shares during the period. Royce & Associates LP increased its position in Daseke by 6.6% in the 3rd quarter. Royce & Associates LP now owns 1,226,320 shares of the company’s stock worth $6,634,000 after purchasing an additional 76,300 shares during the last quarter. Renaissance Technologies LLC increased its position in Daseke by 34.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,055,339 shares of the company’s stock worth $6,744,000 after purchasing an additional 269,500 shares during the last quarter. Federated Hermes Inc. increased its position in Daseke by 27,982.0% in the 1st quarter. Federated Hermes Inc. now owns 684,919 shares of the company’s stock worth $6,897,000 after purchasing an additional 682,480 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Daseke by 42.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 617,121 shares of the company’s stock worth $6,216,000 after purchasing an additional 182,623 shares during the last quarter. 41.24% of the stock is owned by institutional investors and hedge funds.

Daseke Stock Performance

Shares of DSKE stock opened at $8.29 on Monday. The company has a debt-to-equity ratio of 9.64, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $374.04 million, a P/E ratio of 12.19 and a beta of 1.88. The stock’s 50-day moving average is $7.12 and its two-hundred day moving average is $6.34. Daseke, Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $12.61.

Daseke (NASDAQ:DSKE – Get Rating) last issued its quarterly earnings data on Monday, February 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $408.20 million for the quarter, compared to analyst estimates of $399.85 million. Daseke had a return on equity of 38.92% and a net margin of 2.83%. During the same quarter in the prior year, the firm posted $0.09 EPS. Analysts predict that Daseke, Inc. will post 0.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Cowen upped their target price on Daseke from $11.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 7th.

Daseke Company Profile

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Daseke, Inc engages in the provision of transportation and logistics solutions. It operates through the Flatbed Solutions and Specialized Solutions segments. The Flatbed Solutions segment delivers its services through flatbed and retractable-sided transportation equipment to meet the needs of high-volume and time-sensitive shippers.

See Also

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Institutional Ownership by Quarter for Daseke (NASDAQ:DSKE)

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