Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. The Company’s primary services include asset-based expedited and dedicated truckload capacity, as well as asset-light warehousing, transportation management and freight brokerage capability. Its asset-based transportation services include two segments: Expedited and Dedicated. The Expedited segment primarily provides truckload services to customers. The Dedicated segment provides customers with committed truckload capacity over contracted periods. The Managed Freight segment includes its brokerage services and transportation management services (TMS). The Warehousing segment provides day-to-day warehouse management services for customers who have chosen to outsource this function. It also provides shuttle and switching services related to shuttling containers and trailers in or around freight yards and to/from warehouses.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 16.41%.
Fairly Valued
The company’s latest PB is 1.46, at a medium 3-year percentile range.
Institutional Selling
The latest institutional holdings are 20.15M shares, decreasing 7.18% quarter-over-quarter.
Held by The Vanguard
Star Investor The Vanguard holds 894.98K shares of this stock.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of 0.02.