Linden Thomas Advisory Services LLC purchased a new position in shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,029 shares of the transportation company’s stock, valued at approximately $208,000.
Separately, Pacific Ridge Capital Partners LLC lifted its holdings in shares of P.A.M. Transportation Services by 8.5% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 129,326 shares of the transportation company’s stock worth $2,787,000 after acquiring an additional 10,096 shares during the period. 22.06% of the stock is currently owned by institutional investors and hedge funds.
P.A.M. Transportation Services Price Performance
PTSI stock opened at $16.84 on Friday. The company has a 50 day simple moving average of $16.25 and a 200 day simple moving average of $18.49. The stock has a market cap of $370.99 million, a price-to-earnings ratio of 27.61 and a beta of 1.10. P.A.M. Transportation Services, Inc. has a 1 year low of $13.51 and a 1 year high of $28.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.81.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on PTSI. Stephens lowered their price objective on shares of P.A.M. Transportation Services from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th. TheStreet cut shares of P.A.M. Transportation Services from a “b-” rating to a “c+” rating in a research report on Thursday, February 1st. Finally, StockNews.com upgraded shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research report on Saturday, February 24th.
Check Out Our Latest Stock Report on P.A.M. Transportation Services
About P.A.M. Transportation Services
P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.
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