David Ray Parker Sells 65,000 Shares of Covenant Logistics Group (NYSE:CVLG) Stock

Covenant Logistics Group, Inc. (NYSE:CVLG) CEO David Ray Parker sold 65,000 shares of Covenant Logistics Group stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $29.34, for a total transaction of $1,907,100.00. Following the completion of the transaction, the chief executive officer owned 2,132,944 shares in the company, valued at approximately $62,580,576.96. This represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 stock was sold at an average price of $29.18, for a total value of $887,072.00.
• On Thursday, February 19th, David Ray Parker sold 55,000 shares of Covenant Logistics Group stock. The stock was sold at an average price of $29.38, for a total value of $1,615,900.00.
• 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 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 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 transaction of $2,033,500.00.
• On Monday, February 9th, David Ray Parker sold 56,000 shares of Covenant Logistics Group stock. The shares were sold at an average price of $28.66, for a total value of $1,604,960.00.

Covenant Logistics Group Stock Up 0.4%

CVLG opened at $29.53 on Friday. Covenant Logistics Group, Inc. has a one year low of $17.46 and a one year high of $30.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.01. The business’s fifty 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 price-to-earnings ratio of 134.23 and a beta of 1.21.

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

Hedge Funds Weigh In On Covenant Logistics Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CVLG. CSM Advisors LLC acquired a new position in Covenant Logistics Group during the 2nd quarter valued at approximately $9,458,000. T. Rowe Price Investment Management Inc. increased 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 valued at $15,748,000 after buying an additional 227,216 shares during the period. Ranger Investment Management L.P. acquired a new position in shares of Covenant Logistics Group during the second quarter valued at approximately $4,450,000. Russell Investments Group Ltd. raised its stake in shares of Covenant Logistics Group by 97.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 304,445 shares of the company’s stock worth $7,340,000 after buying an additional 150,523 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Covenant Logistics Group by 161.8% in the first quarter. Goldman Sachs Group Inc. now owns 179,304 shares of the company’s stock worth $3,981,000 after acquiring an additional 110,810 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Trending Headlines about 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

Covenant Logistics Group Company Profile

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.