Universal Logistics Holdings, Inc. (NASDAQ:ULH) Short Interest Up 19.5% in June

Universal Logistics Holdings, Inc. (NASDAQ:ULH) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 118,400 shares, a growth of 19.5% from the June 15th total of 99,100 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 53,700 shares, the days-to-cover ratio is presently 2.2 days.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $46.00 price objective (up from $36.00) on shares of Universal Logistics in a report on Monday, April 29th. StockNews.com raised shares of Universal Logistics from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

Hedge Funds Weigh In On Universal Logistics

Several large investors have recently bought and sold shares of ULH. Russell Investments Group Ltd. boosted its holdings in shares of Universal Logistics by 12.4% during the 4th quarter. Russell Investments Group Ltd. now owns 65,244 shares of the transportation company’s stock worth $1,828,000 after buying an additional 7,204 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Universal Logistics by 2.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 14,930 shares of the transportation company’s stock worth $418,000 after acquiring an additional 416 shares in the last quarter. Quadrature Capital Ltd boosted its stake in Universal Logistics by 8.3% during the fourth quarter. Quadrature Capital Ltd now owns 10,862 shares of the transportation company’s stock worth $304,000 after acquiring an additional 834 shares in the last quarter. Pacific Ridge Capital Partners LLC acquired a new stake in Universal Logistics in the fourth quarter worth $470,000. Finally, SG Americas Securities LLC bought a new stake in Universal Logistics in the fourth quarter valued at $110,000. 25.50% of the stock is currently owned by institutional investors.

Universal Logistics Trading Up 2.2 %

Shares of ULH opened at $41.13 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 8.98 and a beta of 0.82. Universal Logistics has a 52-week low of $20.85 and a 52-week high of $50.52. The business’s fifty day moving average is $42.74 and its 200-day moving average is $36.62.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $1.26. Universal Logistics had a net margin of 7.02% and a return on equity of 22.78%. The business had revenue of $491.91 million during the quarter, compared to analysts’ expectations of $416.50 million. Equities analysts anticipate that Universal Logistics will post 5.35 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Monday, June 3rd. Universal Logistics’s dividend payout ratio (DPR) is 9.17%.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.