Boston Partners Buys Shares of 517,902 Daseke, Inc. (NASDAQ:DSKE)

Boston Partners purchased a new stake in shares of Daseke, Inc. (NASDAQ:DSKE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 517,902 shares of the company's stock, valued at approximately $4,003,000. Boston Partners owned 1.15% of Daseke as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC grew its position in Daseke by 109.8% during the first quarter. Lazard Asset Management LLC now owns 6,610 shares of the company's stock valued at $66,000 after buying an additional 3,460 shares during the period. Denali Advisors LLC purchased a new position in shares of Daseke during the 4th quarter worth $52,000. Empirical Capital Management LLC bought a new stake in shares of Daseke during the 1st quarter valued at $101,000. Tower Research Capital LLC TRC increased its stake in shares of Daseke by 389.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,177 shares of the company's stock worth $55,000 after purchasing an additional 8,099 shares in the last quarter. Finally, Barclays PLC raised its holdings in Daseke by 475.5% in the 4th quarter. Barclays PLC now owns 10,820 shares of the company's stock worth $61,000 after purchasing an additional 8,940 shares during the period. Hedge funds and other institutional investors own 56.35% of the company's stock.

Daseke stock opened at $5.47 on Wednesday. Daseke, Inc. has a 12-month low of $4.69 and a 12-month high of $9.57. The firm has a market capitalization of $250.80 million, a price-to-earnings ratio of 19.54 and a beta of 1.91. The firm has a 50 day moving average of $6.99 and a 200 day moving average of $7.26. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 8.72.

Separately, TD Cowen cut their price target on Daseke from $15.00 to $12.00 and set an "outperform" rating for the company in a report on Wednesday, May 10th.

View Our Latest Research Report on Daseke

Daseke, Inc provides transportation and logistics solutions in the United States, Canada, and Mexico. It operates through two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, commercial glass, high security cargo, industrial and hazardous waste, arms, ammunition and explosives, lumber, and building and construction materials, as well as heavy machinery, such as construction, mining, and agriculture.

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