In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), USA Truck, Inc. (NASDAQ:USAK) reported that Jpmorgan Chase & Co. has picked up 225,971 of common stock as of 2017-06-06.
The acquisition brings the aggregate amount owned by Jpmorgan Chase & Co. to a total of 225,971 representing less than 2.7% stake in the company.
For those not familiar with the company, USA Truck, Inc. is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services. The SCS segment consists of freight brokerage and rail intermodal services. The Company transports full dry van trailer loads of freight from origin to destination without intermediate stops or handling. The Company offers a range of truckload and logistics services to a customer base that spans a range of industries. The Company’s fleet of approximately 1,832 tractors consists of 1,568 company tractors and 264 independent contractor tractors. The Company owns approximately 6,200 trailers. The Company also transports general commodities into and out of Mexico by allowing through-trailer service from its terminal in Laredo, Texas.
A glance at USA Truck, Inc. (NASDAQ:USAK)’s key stats reveals a current market capitalization of 52.85 Million based on 8.20 Million shares outstanding and a price at last close of $6.57 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-24, Chambers picked up 5,725 at a purchase price of $6.94. This brings their total holding to 9,350 as of the date of the filing.
On the sell side, the most recent transaction saw Stone unload 600,000 shares at a sale price of $19.00. This brings their total holding to 950,000.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on USA Truck, Inc. (NASDAQ:USAK) as things move forward to see if its progress aligns with these transactions.
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