Denali Advisors LLC Has $3.40 Million Position in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Denali Advisors LLC grew its holdings in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 33.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,831 shares of the transportation company’s stock after purchasing an additional 21,100 shares during the quarter. Denali Advisors LLC’s holdings in Universal Logistics were worth $3,403,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Innealta Capital LLC acquired a new position in shares of Universal Logistics during the second quarter valued at $48,000. BNP Paribas Financial Markets lifted its stake in shares of Universal Logistics by 77.7% during the first quarter. BNP Paribas Financial Markets now owns 3,347 shares of the transportation company’s stock valued at $123,000 after acquiring an additional 1,463 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of Universal Logistics during the first quarter valued at $260,000. Quadrature Capital Ltd lifted its stake in shares of Universal Logistics by 8.3% during the fourth quarter. Quadrature Capital Ltd now owns 10,862 shares of the transportation company’s stock valued at $304,000 after acquiring an additional 834 shares during the period. Finally, Pacific Ridge Capital Partners LLC acquired a new position in shares of Universal Logistics during the fourth quarter valued at $470,000. Institutional investors and hedge funds own 25.50% of the company’s stock.

Universal Logistics Trading Up 0.8 %

NASDAQ:ULH opened at $42.72 on Tuesday. Universal Logistics Holdings, Inc. has a 1-year low of $20.85 and a 1-year high of $50.52. The business’s 50-day moving average price is $41.13 and its two-hundred day moving average price is $40.08. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 9.33 and a beta of 0.83.

Universal Logistics (NASDAQ:ULH) last released its earnings results on Thursday, July 25th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.03. Universal Logistics had a return on equity of 22.84% and a net margin of 7.23%. The firm had revenue of $462.16 million for the quarter, compared to analyst estimates of $461.60 million. During the same quarter in the prior year, the firm posted $0.90 earnings per share. On average, equities analysts expect that Universal Logistics Holdings, Inc. will post 5.25 earnings per share for the current year.

Universal Logistics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 2nd will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, August 30th. Universal Logistics’s payout ratio is 9.17%.

Analyst Ratings Changes

Separately, StockNews.com lowered Universal Logistics from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

Universal Logistics Company Profile

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.