BCK Capital Management LP Acquires New Position in Daseke, Inc. (NASDAQ:DSKE)

BCK Capital Management LP bought a new stake in Daseke, Inc. (NASDAQ:DSKE) in the 4th quarter, Holdings Channel.com reports. The fund bought 125,000 shares of the company’s stock, valued at approximately $1,012,000. Daseke accounts for approximately 1.0% of BCK Capital Management LP’s holdings, making the stock its 27th largest position.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. bought a new position in Daseke in the third quarter valued at $126,000. Bank of New York Mellon Corp lifted its stake in Daseke by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 211,151 shares of the company’s stock valued at $1,083,000 after acquiring an additional 2,309 shares during the last quarter. 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. Olympiad Research LP acquired a new stake in Daseke in the third quarter valued at $58,000. Finally, LSV Asset Management raised its stake in Daseke by 5.0% in the 3rd quarter. LSV Asset Management now owns 126,926 shares of the company’s stock worth $651,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors own 71.45% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of Daseke from a “d+” rating to a “c-” rating in a report on Wednesday, January 10th.

Daseke Trading Down 0.1 %

Shares of NASDAQ DSKE traded down $0.01 during midday trading on Monday, reaching $8.29. The stock had a trading volume of 1,242,600 shares, compared to its average volume of 749,200. The company has a debt-to-equity ratio of 14.52, a quick ratio of 1.12 and a current ratio of 1.12. Daseke, Inc. has a twelve month low of $4.06 and a twelve month high of $8.34. The company’s 50 day moving average price is $8.28 and its 200 day moving average price is $7.04. The firm has a market cap of $391.29 million, a price-to-earnings ratio of -14.05 and a beta of 2.00.

Daseke (NASDAQ:DSKE) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.63) EPS for the quarter. Daseke had a negative net margin of 1.13% and a negative return on equity of 30.76%. The business had revenue of $360.00 million for the quarter, compared to the consensus estimate of $347.00 million.

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.