Covenant Logistics Group, Inc. (NASDAQ:CVLG – Get Score) Director Robert E. Bosworth bought 10,000 shares of the agency’s inventory in a transaction on Tuesday, August twenty third. The inventory was bought at a mean worth of $33.41, for a complete worth of $334,100.00. Following the transaction, the director now straight owns 69,867 shares of the corporate’s inventory, valued at $2,334,256.47. The sale was disclosed in a doc filed with the SEC, which will be accessed by this hyperlink.
Covenant Logistics Group Buying and selling Up 1.6 %
Shares of CVLG inventory traded up $0.51 throughout mid-day buying and selling on Thursday, hitting $33.04. The corporate’s inventory had a buying and selling quantity of 60,385 shares, in comparison with its common quantity of 119,166. The corporate’s fifty day easy shifting common is $28.89 and its 200-day easy shifting common is $24.13. Covenant Logistics Group, Inc. has a 52 week low of $17.23 and a 52 week excessive of $34.80. The corporate has a debt-to-equity ratio of 0.14, a fast ratio of 1.12 and a present ratio of 1.15. The corporate has a market cap of $515.36 million, a PE ratio of 6.64 and a beta of 1.42.
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Covenant Logistics Group (NASDAQ:CVLG – Get Score) final issued its earnings outcomes on Monday, July twenty fifth. The corporate reported $1.63 EPS for the quarter, beating the consensus estimate of $1.31 by $0.32. Covenant Logistics Group had a return on fairness of 24.00% and a web margin of 6.87%. Throughout the identical interval within the prior 12 months, the agency posted $0.96 earnings per share. As a bunch, equities analysis analysts anticipate that Covenant Logistics Group, Inc. will publish 5.43 earnings per share for the present fiscal 12 months.
Covenant Logistics Group Will increase Dividend
The corporate additionally lately introduced a quarterly dividend, which will likely be paid on Friday, September thirtieth. Stockholders of file on Friday, September 2nd will likely be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This is a rise from Covenant Logistics Group’s earlier quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 0.97%. Covenant Logistics Group’s dividend payout ratio (DPR) is presently 5.10%.
Institutional Buying and selling of Covenant Logistics Group
A number of massive buyers have lately made adjustments to their positions in CVLG. Acadian Asset Administration LLC boosted its stake in Covenant Logistics Group by 216.7% in the course of the 4th quarter. Acadian Asset Administration LLC now owns 261,150 shares of the corporate’s inventory valued at $6,899,000 after buying a further 178,692 shares over the last quarter. State Road Corp boosted its stake in Covenant Logistics Group by 46.9% in the course of the 1st quarter. State Road Corp now owns 341,090 shares of the corporate’s inventory valued at $7,344,000 after buying a further 108,870 shares over the last quarter. Euclidean Applied sciences Administration LLC acquired a brand new place in Covenant Logistics Group in the course of the 1st quarter valued at about $1,895,000. Scopus Asset Administration L.P. acquired a brand new place in Covenant Logistics Group in the course of the 4th quarter valued at about $1,876,000. Lastly, Patton Albertson Miller Group LLC boosted its stake in shares of Covenant Logistics Group by 36.0% within the 2nd quarter. Patton Albertson Miller Group LLC now owns 253,788 shares of the corporate’s inventory value $6,368,000 after shopping for a further 67,158 shares over the last quarter. 51.03% of the inventory is presently owned by institutional buyers and hedge funds.
Wall Road Analyst Weigh In
A number of brokerages lately issued experiences on CVLG. Stephens raised their goal worth on Covenant Logistics Group to $35.00 and gave the inventory an “outperform” score in a analysis report on Wednesday, July twenty seventh. Cowen reissued a “maintain” score and issued a $22.00 worth goal on shares of Covenant Logistics Group in a analysis report on Friday, Might twentieth. Lastly, Cowen lifted their worth goal on Covenant Logistics Group to $31.50 and gave the inventory an “outperform” score in a analysis report on Wednesday, July twenty seventh. One analyst has rated the inventory with a promote score, one has given a maintain score and two have assigned a purchase score to the inventory. Primarily based on information from MarketBeat.com, the inventory presently has a consensus score of “Maintain” and a consensus worth goal of $27.13.
About Covenant Logistics Group
(Get Score)
Covenant Logistics Group, Inc, along with its subsidiaries, offers transportation and logistics providers in the US. It operates by 4 segments: Expedited, Devoted, Managed Freight, and Warehousing. The Expedited section primarily offers truckload providers with excessive service freight and supply requirements, resembling 1,000 miles in 22 hours or 15-minute supply home windows.
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