Key Points
- CEO David Ray Parker sold a total of 438,800 shares of Covenant Logistics between Feb. 9–20, generating roughly $12.83 million.
- After the most recent sale he still directly owns 2,047,544 shares, valued at about $59.75 million.
- CVLG shares traded near $29.53 (12‑month range $17.46–$30.38), with a market cap of approximately $740 million and a P/E of 134.23.
Covenant Logistics Group, Inc. (NYSE:CVLG - Get Free Report) CEO David Ray Parker sold 30,400 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $29.18, for a total value of $887,072.00. Following the sale, the chief executive officer directly owned 2,047,544 shares in the company, valued at $59,747,333.92. This trade represents a 1.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
David Ray Parker also recently made the following trade(s):
- On Thursday, February 19th, David Ray Parker sold 55,000 shares of Covenant Logistics Group stock. The stock was sold at an average price of $29.38, for a total value of $1,615,900.00.
- On Wednesday, February 18th, David Ray Parker sold 65,000 shares of Covenant Logistics Group stock. The shares were sold at an average price of $29.34, for a total value of $1,907,100.00.
- On Tuesday, February 17th, David Ray Parker sold 100,000 shares of Covenant Logistics Group stock. The shares were sold at an average price of $29.67, for a total value of $2,967,000.00.
- On Friday, February 13th, David Ray Parker sold 15,000 shares of Covenant Logistics Group stock. The shares were sold at an average price of $28.46, for a total transaction of $426,900.00.
- On Thursday, February 12th, David Ray Parker sold 20,000 shares of Covenant Logistics Group stock. The shares were sold at an average price of $29.02, for a total transaction of $580,400.00.
- On Wednesday, February 11th, David Ray Parker sold 27,400 shares of Covenant Logistics Group stock. The stock was sold at an average price of $29.34, for a total transaction of $803,916.00.
- On Tuesday, February 10th, David Ray Parker sold 70,000 shares of Covenant Logistics Group stock. The shares were sold at an average price of $29.05, for a total transaction of $2,033,500.00.
- On Monday, February 9th, David Ray Parker sold 56,000 shares of Covenant Logistics Group stock. The stock was sold at an average price of $28.66, for a total transaction of $1,604,960.00.
Covenant Logistics Group Stock Performance
Shares of CVLG stock opened at $29.53 on Friday. Covenant Logistics Group, Inc. has a 12-month low of $17.46 and a 12-month high of $30.38. The business's fifty day simple moving average is $25.61 and its 200-day simple moving average is $23.13. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49. The company has a market cap of $739.73 million, a PE ratio of 134.23 and a beta of 1.21.
Covenant Logistics Group (NYSE:CVLG - Get Free Report) last announced its earnings results on Thursday, January 29th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). Covenant Logistics Group had a return on equity of 9.57% and a net margin of 0.62%.The business had revenue of $295.37 million for the quarter.
Institutional Investors Weigh In On Covenant Logistics Group
Institutional investors and hedge funds have recently modified their holdings of the company. CSM Advisors LLC acquired a new position in Covenant Logistics Group in the 2nd quarter worth approximately $9,458,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Covenant Logistics Group by 46.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 714,516 shares of the company's stock valued at $15,748,000 after acquiring an additional 227,216 shares during the last quarter. Ranger Investment Management L.P. acquired a new stake in shares of Covenant Logistics Group in the second quarter worth $4,450,000. Russell Investments Group Ltd. raised its holdings in shares of Covenant Logistics Group by 97.8% during the second quarter. Russell Investments Group Ltd. now owns 304,445 shares of the company's stock worth $7,340,000 after purchasing an additional 150,523 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Covenant Logistics Group by 161.8% during the first quarter. Goldman Sachs Group Inc. now owns 179,304 shares of the company's stock valued at $3,981,000 after purchasing an additional 110,810 shares during the period. Institutional investors and hedge funds own 83.72% of the company's stock.
Analyst Ratings Changes
CVLG has been the subject of several research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Covenant Logistics Group in a research report on Friday, January 9th. Zacks Research lowered shares of Covenant Logistics Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Covenant Logistics Group currently has a consensus rating of "Hold" and a consensus price target of $30.00.
Get Our Latest Stock Report on CVLG
About Covenant Logistics Group
(
Get Free Report)
Covenant Logistics Group provides a comprehensive suite of transportation and logistics services across North America. The company's core offerings include less‐than‐truckload (LTL) and full truckload hauling, temperature‐controlled freight, intermodal transportation and freight brokerage. Covenant also delivers specialized solutions such as expedited “hot‐shot” deliveries, cross‐border shipping to Canada and Mexico, and dedicated contract carriage for time‐sensitive or high‐value shipments.
With a network of service centers, terminals and partner carriers strategically located throughout the United States, Covenant supports diverse industries including food and beverage, automotive, retail, energy and manufacturing.
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