Director Joey Hogan of Covenant Logistics Group Inc (CVLG, Financial) executed a sale of 8,700 shares of the company on November 12, 2024, according to a recent SEC Filing. Following this transaction, the insider now directly owns 2,139 shares in the company.
Covenant Logistics Group Inc, a key player in the transportation and logistics industry, provides comprehensive freight and logistics services. The company's offerings include expedited freight transportation, dedicated fleet services, brokerage, transportation management, freight forwarding, and managed transportation solutions among others.
Over the past year, Joey Hogan has sold a total of 18,700 shares of Covenant Logistics Group Inc and has not made any purchases of the stock. The insider transaction history for the company shows a total of 12 insider sells and no insider buys over the past year, indicating a trend of insider sales.
On the date of the latest sale by the insider, shares of Covenant Logistics Group Inc were trading at $60.83 each. This pricing gives the company a market cap of approximately $780.236 million. The price-earnings ratio of the company stands at 19.67, which is above both the industry median of 14.035 and the historical median for the company.
According to the GF Value assessment, with a current price of $60.83 and a GF Value of $41.21, Covenant Logistics Group Inc is considered Significantly Overvalued with a price-to-GF-Value ratio of 1.48. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This recent insider sell might provide investors with context about the stock's current valuation and insider sentiment towards the company's future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
