Key Points
- Director Rohit Lal bought 10,000 shares of Proficient Auto Logistics at an average price of $6.38 on March 16, doubling his stake to 20,000 shares worth about $127,600, as disclosed in an SEC filing.
- Shares opened at $6.28 (down 1.9%), trading below its 50-day and 200-day moving averages ($8.52 and $8.07), with a one-year range of $5.76–$10.97, a market cap of $174.77M and a negative P/E of -5.15.
- Analyst sentiment is mixed with a consensus "Hold" rating and an average price target of $11; two analysts rate the stock Buy, one Hold and one Sell, and Stifel recently cut its target to $10.
Proficient Auto Logistics, Inc. (NASDAQ:PAL - Get Free Report) Director Rohit Lal purchased 10,000 shares of the firm's stock in a transaction on Monday, March 16th. The shares were acquired at an average price of $6.38 per share, with a total value of $63,800.00. Following the completion of the acquisition, the director owned 20,000 shares in the company, valued at approximately $127,600. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Proficient Auto Logistics Stock Down 1.9%
Shares of Proficient Auto Logistics stock opened at $6.28 on Wednesday. The stock's 50-day moving average is $8.52 and its 200 day moving average is $8.07. Proficient Auto Logistics, Inc. has a one year low of $5.76 and a one year high of $10.97. The firm has a market cap of $174.77 million, a price-to-earnings ratio of -5.15, a PEG ratio of 2.44 and a beta of 2.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on PAL shares. Stifel Nicolaus lowered their price objective on shares of Proficient Auto Logistics from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Tuesday, March 3rd. Barrington Research reiterated an "outperform" rating and set a $12.00 price objective on shares of Proficient Auto Logistics in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Proficient Auto Logistics has a consensus rating of "Hold" and an average price target of $11.00.
Read Our Latest Stock Analysis on Proficient Auto Logistics
Institutional Trading of Proficient Auto Logistics
Several hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased 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 valued at $31,000 after purchasing an additional 1,975 shares in the last quarter. FNY Investment Advisers LLC lifted its stake in shares of Proficient Auto Logistics by 44.6% in the third quarter. FNY Investment Advisers LLC now owns 5,800 shares of the company's stock valued at $39,000 after buying an additional 1,789 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Proficient Auto Logistics during the first quarter valued at about $73,000. Alliancebernstein L.P. increased its position in shares of Proficient Auto Logistics by 15.0% during the third quarter. Alliancebernstein L.P. now owns 13,800 shares of the company's stock worth $95,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Odyssean LLC bought a new stake in shares of Proficient Auto Logistics during the fourth quarter worth about $98,000.
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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.
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