P.A.M. Transportation Services, Inc. (PTSI) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 24.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,169 shares of the transportation company’s stock after selling 4,500 shares during the period. Russell Investments Group Ltd. owned about 0.22% of P.A.M. Transportation Services worth $231,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Horrell Capital Management Inc. raised its position in P.A.M. Transportation Services by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the transportation company’s stock worth $444,000 after buying an additional 100 shares during the last quarter. Renaissance Technologies LLC raised its position in P.A.M. Transportation Services by 5.2% in the fourth quarter. Renaissance Technologies LLC now owns 363,900 shares of the transportation company’s stock valued at $9,454,000 after buying an additional 18,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in P.A.M. Transportation Services by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 336,937 shares of the transportation company’s stock valued at $8,754,000 after buying an additional 4,895 shares during the last quarter. Finally, State Street Corp raised its position in P.A.M. Transportation Services by 1.1% in the fourth quarter. State Street Corp now owns 69,626 shares of the transportation company’s stock valued at $1,809,000 after buying an additional 729 shares during the last quarter. Hedge funds and other institutional investors own 28.01% of the company’s stock.

Shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) traded down 0.646% during midday trading on Tuesday, hitting $17.685. 1,485 shares of the company’s stock were exchanged. The stock has a market cap of $113.29 million, a PE ratio of 14.047 and a beta of 1.01. P.A.M. Transportation Services, Inc. has a 1-year low of $14.50 and a 1-year high of $28.43. The stock’s 50 day moving average is $18.75 and its 200-day moving average is $18.45.

P.A.M. Transportation Services declared that its Board of Directors has approved a share repurchase program on Tuesday, May 2nd that allows the company to buyback 500,000 shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Several equities analysts have weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $17.00 target price on shares of P.A.M. Transportation Services in a report on Thursday, August 3rd. ValuEngine downgraded shares of P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research downgraded shares of P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th.

P.A.M. Transportation Services Company Profile

P.A.M. Transportation Services, Inc is a holding company. The Company, through its subsidiaries, operates as a truckload transportation and logistics company. It operates in the motor carrier segment. It operates as a truckload dry van carrier transporting general commodities throughout the continental United States, as well as in certain Canadian provinces.

Institutional Ownership by Quarter for P.A.M. Transportation Services (NASDAQ:PTSI)

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