Key Points
- Director John Skiadas sold 41,100 shares on Nov. 21 at an average price of $7.34 for $301,674, and also sold additional shares on Nov. 19–20, leaving him with 1,870,867 shares (a 2.15% ownership decrease) valued at about $13.73 million.
- PAL stock traded around $7.30 with a market cap of $203.2M and a negative P/E; analysts are mixed (2 Buys, 1 Hold, 1 Sell) with a consensus rating of Hold and an average price target of $12.50.
- Several institutional investors have recently increased or initiated positions (including Alyeska, Millennium Management, Bank of America, and Windsor Advisory), indicating growing institutional interest in the company.
Proficient Auto Logistics, Inc. (NASDAQ:PAL - Get Free Report) Director John Skiadas sold 6,620 shares of the company's stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $7.37, for a total value of $48,789.40. Following the completion of the transaction, the director owned 1,911,967 shares of the company's stock, valued at approximately $14,091,196.79. This represents a 0.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
John Skiadas also recently made the following trade(s):
- On Friday, November 21st, John Skiadas sold 41,100 shares of Proficient Auto Logistics stock. The stock was sold at an average price of $7.34, for a total transaction of $301,674.00.
- On Wednesday, November 19th, John Skiadas sold 9,010 shares of Proficient Auto Logistics stock. The shares were sold at an average price of $7.23, for a total transaction of $65,142.30.
Proficient Auto Logistics Stock Up 2.8%
Proficient Auto Logistics stock traded up $0.20 during midday trading on Friday, hitting $7.30. 264,505 shares of the stock were exchanged, compared to its average volume of 267,848. Proficient Auto Logistics, Inc. has a 1 year low of $5.76 and a 1 year high of $11.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.16. The firm has a market cap of $203.16 million, a P/E ratio of -365.00, a P/E/G ratio of 21.04 and a beta of 2.53. The company has a 50 day moving average price of $6.83 and a two-hundred day moving average price of $7.26.
Hedge Funds Weigh In On Proficient Auto Logistics
Institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. raised its position in shares of Proficient Auto Logistics by 15.0% during the 3rd quarter. Alliancebernstein L.P. now owns 13,800 shares of the company's stock worth $95,000 after purchasing an additional 1,800 shares during the period. BNP Paribas Financial Markets grew its stake in Proficient Auto Logistics by 77.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company's stock worth $31,000 after buying an additional 1,975 shares during the last quarter. Corebridge Financial Inc. increased its position in Proficient Auto Logistics by 33.6% in the first quarter. Corebridge Financial Inc. now owns 10,409 shares of the company's stock worth $87,000 after buying an additional 2,619 shares during the period. Victory Capital Management Inc. lifted its stake in Proficient Auto Logistics by 29.0% in the first quarter. Victory Capital Management Inc. now owns 14,345 shares of the company's stock valued at $120,000 after buying an additional 3,225 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Proficient Auto Logistics by 44.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company's stock valued at $105,000 after acquiring an additional 3,866 shares during the period.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Stifel Nicolaus set a $13.00 price target on Proficient Auto Logistics in a report on Tuesday, August 12th. Barrington Research reissued an "outperform" rating and set a $12.00 price target on shares of Proficient Auto Logistics in a research report on Wednesday, November 12th. William Blair cut shares of Proficient Auto Logistics from an "outperform" rating to a "market perform" rating in a report on Friday, September 12th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Proficient Auto Logistics in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $12.50.
Check Out Our Latest Research Report on Proficient Auto Logistics
About Proficient Auto Logistics
(
Get Free Report)
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.
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