PAMT (NASDAQ:PAMT) Shares Down 2.4% – What’s Next?

PAMT Corp. (NASDAQ:PAMT) dropped 2.4% during mid-day trading on Wednesday. The stock traded as low as $11.15 and last traded at $11.57. Approximately 37,406 shares were traded during mid-day trading, an increase of 34% from the average session volume of 27,898 shares. The stock had previously closed at $11.85.

Analyst Ratings Changes

PAMT has been the topic of several research analyst reports. Wall Street Zen raised PAMT to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of PAMT in a research note on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, PAMT currently has a consensus rating of “Sell”.

PAMT Trading Down 3.0%

The stock’s fifty day simple moving average is $12.34 and its two-hundred day simple moving average is $12.49. The firm has a market cap of $242.69 million, a PE ratio of -5.71 and a beta of 1.15. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 1.32.

PAMT (NASDAQ:PAMT) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.36) EPS for the quarter. PAMT had a negative return on equity of 13.82% and a negative net margin of 7.07%. The company had revenue of $164.65 million during the quarter.

Hedge Funds Weigh In On PAMT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAMT. BlackRock Inc. purchased a new position in PAMT in the 2nd quarter worth about $6,220,000. Empowered Funds LLC raised its stake in PAMT by 9.7% during the 1st quarter. Empowered Funds LLC now owns 90,870 shares of the company’s stock valued at $768,000 after buying an additional 8,054 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of PAMT in the 2nd quarter worth $175,000. Bank of New York Mellon Corp purchased a new position in shares of PAMT in the 2nd quarter worth $172,000. Finally, Deutsche Bank AG purchased a new position in shares of PAMT in the 2nd quarter worth $67,000. 22.06% of the stock is owned by institutional investors.

PAMT Company Profile

P.A.M. Transportation Services, Inc (NASDAQ: PAMT) is a truckload transportation and logistics company headquartered in Tontitown, Arkansas. Through its operating subsidiaries, the company provides freight transportation services primarily using dry van equipment, moving general commodities for manufacturers, retailers, distributors and other commercial customers.

The company offers a range of transportation solutions, including irregular-route, dedicated and expedited services, as well as logistics and brokerage activities.