PAMT (NASDAQ:PAMT) Trading 6.3% Higher – What’s Next?

PAMT Corp. (NASDAQ:PAMT) shares traded up 6.3% during mid-day trading on Friday . The stock traded as high as $14.10 and last traded at $14.10. 16,607 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 18,927 shares. The stock had previously closed at $13.26.

Wall Street Analyst Weigh In

PAMT has been the subject of several recent analyst reports. Wall Street Zen cut shares of PAMT from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded shares of PAMT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $13.00.

PAMT Stock Performance

The stock has a 50 day moving average of $12.97 and a two-hundred day moving average of $11.40. The stock has a market capitalization of $295.25 million, a PE ratio of -6.62 and a beta of 1.06. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.30 and a quick ratio of 1.28.

PAMT (NASDAQ:PAMT) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.46) earnings per share (EPS) for the quarter. PAMT had a negative return on equity of 15.16% and a negative net margin of 7.61%.The business had revenue of $141.88 million during the quarter.

Institutional Trading of PAMT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bridgeway Capital Management LLC acquired a new position in PAMT during the second quarter worth about $2,202,000. Geode Capital Management LLC acquired a new stake in shares of PAMT in the 2nd quarter worth approximately $1,912,000. Rhumbline Advisers purchased a new position in PAMT in the 1st quarter valued at approximately $189,000. Pacific Ridge Capital Partners LLC increased its stake in PAMT by 7.9% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 193,880 shares of the company’s stock valued at $2,342,000 after purchasing an additional 14,244 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in PAMT during the second quarter worth $159,000. Institutional investors and hedge funds own 22.06% of the company’s stock.

About PAMT

PAM Transportation Services, Inc (NASDAQ: PAMT) is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT’s freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.