In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Heartland Express Inc (NASDAQ:HTLD) reported that Gerdin Ann S has picked up 6,855,563 of common stock as of 2016-12-13.
The acquisition brings the aggregate amount owned by Gerdin Ann S to a total of 6,855,563representing a 8.2% stake in the company.
For those not familiar with the company, Heartland Express, Inc. (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc. of Iowa, Gordon Trucking, Inc., Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc. and A & M Express, Inc. It provides transportation services to shippers spanning from Washington to Florida and New England to California, as well as parts of Canada. It offers primarily asset-based transportation services in the dry van truckload market and offers temperature-controlled transportation services and non-asset based freight brokerage services.
A glance at Heartland Express Inc (NASDAQ:HTLD)’s key stats reveals a current market capitalization of $1.81 billion based on 83.29 million shares outstanding and a price at last close of $21.64 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-06-12, Pratt picked up 2,000 at a purchase price of $21.29. This brings their total holding to 3,000 as of the date of the filing.
On the sell side, the most recent transaction saw Rigdon unload 1500 shares at a sale price of $22.04. This brings their total holding to 3,628.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Heartland Express Inc (NASDAQ:HTLD) as things move forward to see if its progress aligns with these transactions.
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