Key Points
- Director John Skiadas sold 18,270 shares on Nov. 24 at $7.27 for $132,822.90 and, totaling his trades from Nov. 19–24, sold 75,000 shares for about $548,428.60; the SEC filing shows he still owns 1,852,597 shares (a 0.98% reduction).
- Shares opened at $7.42 (up 1.6%), the company has a market cap of $206.5M, and analysts hold a consensus "Hold" rating with an average target price of $12.50 (12‑month range $5.76–$11.37).
Proficient Auto Logistics, Inc. (NASDAQ:PAL - Get Free Report) Director John Skiadas sold 18,270 shares of Proficient Auto Logistics stock in a transaction on Monday, November 24th. The shares were sold at an average price of $7.27, for a total transaction of $132,822.90. Following the sale, the director directly owned 1,852,597 shares of the company's stock, valued at $13,468,380.19. This trade represents a 0.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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 Thursday, November 20th, John Skiadas sold 6,620 shares of Proficient Auto Logistics stock. The stock was sold at an average price of $7.37, for a total transaction of $48,789.40.
- On Wednesday, November 19th, John Skiadas sold 9,010 shares of Proficient Auto Logistics stock. The stock was sold at an average price of $7.23, for a total value of $65,142.30.
Proficient Auto Logistics Stock Up 1.6%
Shares of Proficient Auto Logistics stock opened at $7.42 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $6.83 and a two-hundred day moving average price of $7.25. The stock has a market capitalization of $206.50 million, a P/E ratio of -371.00, a PEG ratio of 21.63 and a beta of 2.53. Proficient Auto Logistics, Inc. has a 12-month low of $5.76 and a 12-month high of $11.37.
Hedge Funds Weigh In On Proficient Auto Logistics
A number of large investors have recently bought and sold shares of PAL. Bank of New York Mellon Corp boosted its holdings in Proficient Auto Logistics by 27.5% during the first quarter. Bank of New York Mellon Corp now owns 42,945 shares of the company's stock worth $359,000 after purchasing an additional 9,261 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Proficient Auto Logistics by 29.0% during the first quarter. Victory Capital Management Inc. now owns 14,345 shares of the company's stock worth $120,000 after purchasing an additional 3,225 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Proficient Auto Logistics by 9.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 146,805 shares of the company's stock worth $1,229,000 after acquiring an additional 12,159 shares during the last quarter. Nuveen LLC acquired a new position in shares of Proficient Auto Logistics in the first quarter valued at $229,000. Finally, Russell Investments Group Ltd. grew its stake in Proficient Auto Logistics by 137.9% in the 1st quarter. Russell Investments Group Ltd. now owns 701,513 shares of the company's stock valued at $5,872,000 after buying an additional 406,614 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Barrington Research reiterated an "outperform" rating and issued a $12.00 price objective on shares of Proficient Auto Logistics in a research report on Wednesday, November 12th. Stifel Nicolaus set a $13.00 price objective on shares of Proficient Auto Logistics in a report on Tuesday, August 12th. William Blair cut Proficient Auto Logistics from an "outperform" rating to a "market perform" rating in a report on Friday, September 12th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Proficient Auto Logistics in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Proficient Auto Logistics presently has a consensus rating of "Hold" and an average target price of $12.50.
Read Our Latest Stock Report on PAL
Proficient Auto Logistics Company Profile
(
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.
Further Reading
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