Proficient Auto Logistics, Inc. (NASDAQ:PAL) Given Average Rating of “Hold” by Brokerages

Shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) have received an average rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $10.00.

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Proficient Auto Logistics from a “hold” rating to a “sell” rating in a report on Sunday. Weiss Ratings reissued a “sell (d-)” rating on shares of Proficient Auto Logistics in a research report on Wednesday, May 13th. Barrington Research set a $10.00 target price on shares of Proficient Auto Logistics in a report on Monday, May 11th. Finally, Zacks Research upgraded Proficient Auto Logistics from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th.

Proficient Auto Logistics Stock Performance

Shares of NASDAQ PAL opened at $7.05 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. Proficient Auto Logistics has a 12 month low of $4.85 and a 12 month high of $10.97. The stock has a 50 day moving average of $6.51 and a 200-day moving average of $7.50. The company has a market capitalization of $195.78 million, a P/E ratio of -5.30 and a beta of 1.27.

Insider Buying and Selling at Proficient Auto Logistics

In related news, CEO Richard D. Odell sold 27,191 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $5.03, for a total value of $136,770.73. Following the completion of the sale, the chief executive officer directly owned 936,908 shares in the company, valued at approximately $4,712,647.24. The trade was a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 14.20% of the company’s stock.

Hedge Funds Weigh In On Proficient Auto Logistics

A number of hedge funds have recently added to or reduced their stakes in the stock. Brightlight Capital Management LP bought a new stake in shares of Proficient Auto Logistics during the 3rd quarter valued at $1,999,000. Royce & Associates LP acquired a new position in Proficient Auto Logistics in the fourth quarter valued at about $5,835,000. 4D Advisors LLC acquired a new position in Proficient Auto Logistics in the fourth quarter valued at about $1,928,000. Empowered Funds LLC lifted its position in Proficient Auto Logistics by 1,237.9% during the first quarter. Empowered Funds LLC now owns 219,169 shares of the company’s stock worth $1,486,000 after purchasing an additional 202,788 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Proficient Auto Logistics during the first quarter worth about $212,000.

Proficient Auto Logistics Company Profile

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.