Kestrel Investment Management Corp Has $1.73 Million Stake in Daseke, Inc. (NASDAQ:DSKE)

Kestrel Investment Management Corp decreased its holdings in shares of Daseke, Inc. (NASDAQ:DSKE) by 17.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 213,850 shares of the company’s stock after selling 45,800 shares during the period. Kestrel Investment Management Corp’s holdings in Daseke were worth $1,732,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quarry LP lifted its stake in Daseke by 118.1% in the first quarter. Quarry LP now owns 4,101 shares of the company’s stock valued at $32,000 after acquiring an additional 2,221 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in Daseke in the first quarter valued at $49,000. PNC Financial Services Group Inc. lifted its stake in Daseke by 1,200.0% in the third quarter. PNC Financial Services Group Inc. now owns 6,500 shares of the company’s stock valued at $33,000 after acquiring an additional 6,000 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Daseke by 109.8% in the first quarter. Lazard Asset Management LLC now owns 6,610 shares of the company’s stock valued at $66,000 after acquiring an additional 3,460 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Daseke by 167.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,601 shares of the company’s stock valued at $49,000 after acquiring an additional 6,017 shares during the last quarter. Institutional investors and hedge funds own 71.45% of the company’s stock.

Wall Street Analysts Forecast Growth

DSKE has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Daseke from a “d+” rating to a “c-” rating in a research note on Wednesday, January 10th. Northland Securities reissued a “market perform” rating and issued a $8.30 price objective on shares of Daseke in a research report on Tuesday, December 26th.

Daseke Stock Performance

Shares of DSKE traded down $0.01 during trading hours on Friday, hitting $8.29. The company had a trading volume of 1,242,600 shares, compared to its average volume of 749,200. The firm has a market cap of $391.29 million, a price-to-earnings ratio of -14.05 and a beta of 2.00. The business has a fifty day moving average of $8.26 and a 200-day moving average of $6.73. Daseke, Inc. has a 12 month low of $4.06 and a 12 month high of $8.34. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 14.52.

Daseke Profile

Daseke, Inc provides transportation and logistics solutions in the United States, Canada, and Mexico. It operates in two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, commercial glass, high security cargo, industrial and hazardous waste, arms, ammunition and explosives, lumber, and building and construction materials, as well as heavy machinery, such as construction, mining, and agriculture.