Stone House Capital Management buys $10,911,250 stake in USA Truck (USAK)

USA Truck (USAK) : Stone House Capital Management scooped up 23,156 additional shares in USA Truck during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 875,000 shares of USA Truck which is valued at $10,911,250.USA Truck makes up approximately 28.42% of Stone House Capital Management’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in USAK in the latest quarter, The investment management firm added 227 additional shares and now holds a total of 7,274 shares of USA Truck which is valued at $90,707. Central Trust Co added USAK to its portfolio by purchasing 430 company shares during the most recent quarter which is valued at $5,401.Strs Ohio reduced its stake in USAK by selling 900 shares or 2.9% in the most recent quarter. The Hedge Fund company now holds 30,100 shares of USAK which is valued at $589,960.

USA Truck opened for trading at $11.1 and hit $11.345 on the upside on Thursday, eventually ending the session at $11.22, with a gain of 1.08% or 0.12 points. The heightened volatility saw the trading volume jump to 59,522 shares. Company has a market cap of $94 M.

On the company’s financial health, USA Truck reported $-0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.29 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.19. The company had revenue of $109.90 million for the quarter, compared to analysts expectations of $114.02 million. The company’s revenue was down -17.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on USA Truck. Shares were Reiterated by Cowen on Aug 4, 2016 to “Outperform” and Lowered the Price Target to $ 19 from a previous price target of $26 .

USA Truck Inc. offers a range of truckload and logistics services to a diversified customer base that spans a variety of industries. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). Trucking segment comprises the Company’s truckload and dedicated freight service offerings. SCS segment consists of the Company’s freight brokerage and rail intermodal service offerings. It transports commodities throughout the continental United States and into and out of portions of Canada. It also transports general commodities into and out of Mexico by allowing through-trailer service from its terminal in Laredo Texas. The Company’s fleet includes approximately 1987 tractors (including tractors owned by independent contractors). It primarily operates in the United States and also has operations in Mexico and Canada.

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