Los Angeles Capital Management LLC Sells 24,596 Shares of Daseke, Inc. (NASDAQ:DSKE)

Posted by on May 4th, 2023

Los Angeles Capital Management LLC reduced its position in Daseke, Inc. (NASDAQ:DSKE – Get Rating) by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,525 shares of the company’s stock after selling 24,596 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.26% of Daseke worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in Daseke by 389.7% during the third quarter. Tower Research Capital LLC TRC now owns 10,177 shares of the company’s stock valued at $55,000 after purchasing an additional 8,099 shares in the last quarter. Balyasny Asset Management LLC bought a new position in shares of Daseke in the third quarter worth about $65,000. Lazard Asset Management LLC grew its holdings in shares of Daseke by 109.8% in the first quarter. Lazard Asset Management LLC now owns 6,610 shares of the company’s stock worth $66,000 after purchasing an additional 3,460 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Daseke by 288.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,808 shares of the company’s stock worth $69,000 after purchasing an additional 9,508 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Daseke by 65.4% in the third quarter. Public Employees Retirement System of Ohio now owns 14,298 shares of the company’s stock worth $77,000 after purchasing an additional 5,656 shares during the last quarter. 41.24% of the stock is currently owned by institutional investors.

Daseke Stock Performance

Shares of Daseke stock opened at $8.04 on Thursday. The firm has a market capitalization of $362.79 million, a P/E ratio of 11.82 and a beta of 1.86. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 9.64. The company has a 50 day moving average price of $7.65 and a 200 day moving average price of $6.82. Daseke, Inc. has a 52 week low of $4.69 and a 52 week high of $9.57.

Daseke (NASDAQ:DSKE – Get Rating) last announced its quarterly earnings data on Monday, February 6th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The firm had revenue of $408.20 million during the quarter, compared to analyst estimates of $399.85 million. Daseke had a net margin of 2.83% and a return on equity of 38.92%. During the same period last year, the firm posted $0.09 EPS. Sell-side analysts expect that Daseke, Inc. will post 0.77 EPS for the current year.

Analyst Upgrades and Downgrades

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

Daseke 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.

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Institutional Ownership by Quarter for Daseke (NASDAQ:DSKE)

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