David Ray Parker Sells 30,400 Shares of Covenant Logistics Group (NYSE:CVLG) Stock

Covenant Logistics Group, Inc. (NYSE:CVLG) CEO David Ray Parker sold 30,400 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $29.18, for a total transaction of $887,072.00. Following the sale, the chief executive officer owned 2,047,544 shares in the company, valued at approximately $59,747,333.92. This trade represents a 1.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

David Ray Parker also recently made the following trade(s):

• On Thursday, February 19th, David Ray Parker sold 55,000 shares of Covenant Logistics Group stock. The shares were sold at an average price of $29.38, for a total transaction of $1,615,900.00.
• On Wednesday, February 18th, David Ray Parker sold 65,000 shares of Covenant Logistics Group stock. The stock was sold at an average price of $29.34, for a total transaction of $1,907,100.00.
• On Tuesday, February 17th, David Ray Parker sold 100,000 shares of Covenant Logistics Group stock. The stock was sold at an average price of $29.67, for a total transaction of $2,967,000.00.
• On Friday, February 13th, David Ray Parker sold 15,000 shares of Covenant Logistics Group stock. The shares were sold at an average price of $28.46, for a total transaction of $426,900.00.
• On Thursday, February 12th, David Ray Parker sold 20,000 shares of Covenant Logistics Group stock. The stock was sold at an average price of $29.02, for a total value of $580,400.00.
• On Wednesday, February 11th, David Ray Parker sold 27,400 shares of Covenant Logistics Group stock. The shares were sold at an average price of $29.34, for a total value of $803,916.00.
• On Tuesday, February 10th, David Ray Parker sold 70,000 shares of Covenant Logistics Group stock. The shares were sold at an average price of $29.05, for a total value of $2,033,500.00.
• On Monday, February 9th, David Ray Parker sold 56,000 shares of Covenant Logistics Group stock. The stock was sold at an average price of $28.66, for a total value of $1,604,960.00.

Covenant Logistics Group Trading Up 0.4%

NYSE CVLG opened at $29.53 on Friday. Covenant Logistics Group, Inc. has a 12 month low of $17.46 and a 12 month high of $30.38. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average price is $25.61 and its 200-day moving average price is $23.12. The stock has a market cap of $739.73 million, a P/E ratio of 134.23 and a beta of 1.21.

Covenant Logistics Group (NYSE:CVLG) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Covenant Logistics Group had a return on equity of 9.57% and a net margin of 0.62%.The firm had revenue of $295.37 million during the quarter.

Analyst Ratings Changes

CVLG has been the topic of several analyst reports. Zacks Research cut Covenant Logistics Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Covenant Logistics Group in a report on Friday, January 9th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.00.

Institutional Investors Weigh In On Covenant Logistics Group

A number of hedge funds have recently added to or reduced their stakes in CVLG. AlphaQuest LLC bought a new position in shares of Covenant Logistics Group during the 2nd quarter valued at $380,000. American Century Companies Inc. increased its position in Covenant Logistics Group by 10.1% during the second quarter. American Century Companies Inc. now owns 529,304 shares of the company’s stock valued at $12,762,000 after acquiring an additional 48,582 shares during the last quarter. Boston Partners lifted its holdings in Covenant Logistics Group by 21.8% in the second quarter. Boston Partners now owns 31,012 shares of the company’s stock valued at $748,000 after acquiring an additional 5,551 shares during the period. CSM Advisors LLC purchased a new position in Covenant Logistics Group in the second quarter worth about $9,458,000. Finally, Ranger Investment Management L.P. bought a new stake in shares of Covenant Logistics Group during the 2nd quarter valued at about $4,450,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Covenant Logistics Group News Summary

Here are the key news stories impacting Covenant Logistics Group this week:

• Positive Sentiment: Institutional support — Several large funds have increased or initiated positions (T. Rowe Price boosted holdings materially; CSM Advisors, Ranger and others hold new or larger stakes). High institutional ownership (about 83.7%) can stabilize the share price and provide longer-term demand. MarketBeat CVLG summary
• Neutral Sentiment: Technical/valuation context — CVLG is trading near its 12‑month high and above its 50‑ and 200‑day moving averages (50-day: $25.61; 200-day: $23.13), suggesting positive momentum. However, the stock carries a high trailing P/E (~134) which limits upside unless earnings improve. MarketBeat CVLG summary
• Negative Sentiment: Large, concentrated insider selling — CEO David Ray Parker sold a series of sizable blocks across Feb. 9–20 (totaling roughly 438,800 shares over the period, with individual sales at prices around $28.46–$29.67). Those sales equal several million dollars of supply and may weigh on sentiment despite the CEO still holding a multi‑million share stake. SEC Form 4 disclosure is available. SEC Form 4 disclosure
• Negative Sentiment: Weak recent profitability metrics — The company missed EPS consensus by $0.01 in its most recent quarter (reported $0.31 vs $0.32) and shows a thin net margin (~0.62%). Low margins and a high P/E increase sensitivity to earnings misses. MarketBeat earnings recap

About Covenant Logistics Group

Covenant Logistics Group provides a comprehensive suite of transportation and logistics services across North America. The company’s core offerings include less‐than‐truckload (LTL) and full truckload hauling, temperature‐controlled freight, intermodal transportation and freight brokerage. Covenant also delivers specialized solutions such as expedited “hot‐shot” deliveries, cross‐border shipping to Canada and Mexico, and dedicated contract carriage for time‐sensitive or high‐value shipments.

With a network of service centers, terminals and partner carriers strategically located throughout the United States, Covenant supports diverse industries including food and beverage, automotive, retail, energy and manufacturing.