Bryce Point Capital LLC Purchases Shares of 5,865 Hub Group, Inc. (NASDAQ:HUBG)

Bryce Point Capital LLC acquired a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,865 shares of the transportation company’s stock, valued at approximately $261,000.

Several other large investors also recently made changes to their positions in HUBG. Nomura Asset Management Co. Ltd. lifted its stake in Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 310 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Hub Group by 286.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock worth $68,000 after purchasing an additional 1,142 shares during the period. Blue Trust Inc. grew its holdings in Hub Group by 24.8% during the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after purchasing an additional 450 shares during the period. KBC Group NV increased its position in Hub Group by 35.3% during the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after buying an additional 670 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Hub Group in the fourth quarter valued at approximately $138,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Stock Down 1.6 %

NASDAQ HUBG opened at $33.38 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 19.64 and a beta of 1.04. The company has a 50 day moving average of $40.29 and a 200-day moving average of $44.14. Hub Group, Inc. has a 1-year low of $31.63 and a 1-year high of $53.21.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, equities research analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.50%. Hub Group’s dividend payout ratio is 29.41%.

Wall Street Analyst Weigh In

HUBG has been the subject of several research analyst reports. Barclays reduced their target price on Hub Group from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective on the stock. Stifel Nicolaus raised their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Susquehanna reduced their target price on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a report on Wednesday, March 26th. Finally, Benchmark increased their price target on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.73.

Hub Group Profile

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.