SG Americas Securities LLC Makes New $106,000 Investment in Daseke, Inc. (NASDAQ:DSKE)

SG Americas Securities LLC acquired a new stake in shares of Daseke, Inc. (NASDAQ:DSKE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 13,078 shares of the company’s stock, valued at approximately $106,000.

A number of other institutional investors also recently modified their holdings of DSKE. Rhumbline Advisers lifted its stake in shares of Daseke by 3.6% in the first quarter. Rhumbline Advisers now owns 55,668 shares of the company’s stock valued at $430,000 after buying an additional 1,932 shares in the last quarter. Quarry LP boosted its stake in Daseke by 118.1% during the 1st quarter. Quarry LP now owns 4,101 shares of the company’s stock valued at $32,000 after purchasing an additional 2,221 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Daseke by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 211,151 shares of the company’s stock worth $1,083,000 after purchasing an additional 2,309 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Daseke by 8.0% in the third quarter. Royal Bank of Canada now owns 32,405 shares of the company’s stock worth $176,000 after purchasing an additional 2,405 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Daseke by 2.6% in the fourth quarter. UBS Group AG now owns 98,399 shares of the company’s stock valued at $560,000 after purchasing an additional 2,536 shares in the last quarter. 71.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on DSKE. TheStreet raised Daseke from a “d+” rating to a “c-” rating in a research report on Wednesday, January 10th. Northland Securities reiterated a “market perform” rating and issued a $8.30 target price on shares of Daseke in a report on Tuesday, December 26th.

Daseke Stock Performance

DSKE stock opened at $8.29 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 14.52. The firm has a market cap of $391.29 million, a PE ratio of -14.05 and a beta of 2.00. The business has a 50 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.

Daseke Company 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.