David Ray Parker Sells 55,000 Shares of Covenant Logistics Group (NYSE:CVLG) Stock

Covenant Logistics Group, Inc. (NYSE:CVLG) CEO David Ray Parker sold 55,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $29.38, for a total transaction of $1,615,900.00. Following the completion of the transaction, the chief executive officer owned 2,077,944 shares of the company’s stock, valued at approximately $61,049,994.72. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, February 20th, David Ray Parker sold 30,400 shares of Covenant Logistics Group stock. The shares were sold at an average price of $29.18, for a total value of $887,072.00.
• 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 value 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 value 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 value of $426,900.00.
• On Thursday, February 12th, David Ray Parker sold 20,000 shares of Covenant Logistics Group stock. The shares were 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 stock was sold at an average price of $29.34, for a total transaction 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 transaction 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 transaction of $1,604,960.00.

Covenant Logistics Group Trading Up 0.4%

Shares of NYSE:CVLG opened at $29.53 on Friday. Covenant Logistics Group, Inc. has a 52 week low of $17.46 and a 52 week high of $30.38. The company’s 50 day moving average is $25.61 and its two-hundred day moving average is $23.12. The company has a market cap of $739.73 million, a PE ratio of 134.23 and a beta of 1.21. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49.

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

Institutional Trading of Covenant Logistics Group

Several institutional investors and hedge funds have recently made changes to their positions in CVLG. T. Rowe Price Investment Management Inc. grew its stake in Covenant Logistics Group by 46.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 714,516 shares of the company’s stock worth $15,748,000 after buying an additional 227,216 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Covenant Logistics Group by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 41,740 shares of the company’s stock valued at $920,000 after acquiring an additional 446 shares during the period. Empowered Funds LLC boosted its holdings in shares of Covenant Logistics Group by 6.0% in the fourth quarter. Empowered Funds LLC now owns 146,678 shares of the company’s stock valued at $3,233,000 after acquiring an additional 8,280 shares during the period. XTX Topco Ltd purchased a new position in shares of Covenant Logistics Group during the fourth quarter worth approximately $243,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Covenant Logistics Group in the 4th quarter valued at $689,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Covenant Logistics Group in a research report on Friday, January 9th. Zacks Research lowered shares of Covenant Logistics Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.00.

Key Stories Impacting Covenant Logistics Group

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.