Denali Advisors LLC Purchases 21,100 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Denali Advisors LLC increased its position in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 33.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,831 shares of the transportation company’s stock after purchasing an additional 21,100 shares during the period. Denali Advisors LLC owned about 0.32% of Universal Logistics worth $3,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Renaissance Technologies LLC bought a new stake in shares of Universal Logistics during the second quarter valued at approximately $970,000. Dimensional Fund Advisors LP increased its position in shares of Universal Logistics by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 827,669 shares of the transportation company’s stock valued at $33,594,000 after purchasing an additional 14,720 shares during the period. American Century Companies Inc. increased its position in shares of Universal Logistics by 27.1% during the second quarter. American Century Companies Inc. now owns 170,640 shares of the transportation company’s stock valued at $6,926,000 after purchasing an additional 36,377 shares during the period. Anchor Capital Advisors LLC increased its position in shares of Universal Logistics by 1.8% during the second quarter. Anchor Capital Advisors LLC now owns 26,403 shares of the transportation company’s stock valued at $1,072,000 after purchasing an additional 459 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Universal Logistics by 339.1% during the second quarter. Victory Capital Management Inc. now owns 36,921 shares of the transportation company’s stock valued at $1,499,000 after purchasing an additional 28,513 shares during the period. 25.50% of the stock is currently owned by institutional investors.

Universal Logistics Price Performance

Shares of ULH stock opened at $42.72 on Tuesday. The stock’s fifty day simple moving average is $41.13 and its 200 day simple moving average is $40.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 9.33 and a beta of 0.83. Universal Logistics Holdings, Inc. has a one year low of $20.85 and a one year high of $50.52.

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

Universal Logistics Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, August 30th. Universal Logistics’s dividend payout ratio is currently 9.17%.

Wall Street Analyst Weigh In

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.