Universal Logistics (NASDAQ:ULH) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Universal Logistics Holdings, Inc. (NASDAQ:ULH) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $47.58 and traded as low as $43.64. Universal Logistics shares last traded at $44.17, with a volume of 21,098 shares trading hands.

Universal Logistics Price Performance

The company has a 50 day simple moving average of $47.58 and a 200-day simple moving average of $43.96. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 8.87 and a beta of 0.92. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75.

Universal Logistics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Monday, December 2nd. Universal Logistics’s dividend payout ratio (DPR) is presently 8.43%.

Hedge Funds Weigh In On Universal Logistics

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Universal Logistics during the third quarter valued at approximately $143,000. PDT Partners LLC bought a new position in shares of Universal Logistics during the third quarter valued at approximately $301,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Universal Logistics during the third quarter valued at approximately $358,000. Jane Street Group LLC grew its holdings in shares of Universal Logistics by 23.8% during the third quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 1,783 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Universal Logistics by 339.7% during the third quarter. Barclays PLC now owns 10,952 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 8,461 shares during the last quarter. 25.50% of the stock is owned by institutional investors.

About Universal Logistics

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.