Key Points
- CEO Richard Odell sold 33,743 shares of Proficient Auto Logistics at an average price of $5.08, totaling about $171,414. The company said the sale was made to cover tax withholding obligations tied to vesting equity awards.
- The stock was trading near its 52-week low, opening at $5.02 versus a 1-year range of $4.91 to $10.97. It also remains below both its 50-day moving average of $6.57 and 200-day moving average of $8.00.
- Analyst sentiment is cautious: ratings include a mix of buys, holds, and sells, with a consensus rating of “Hold” and an average price target of $10.00. Recent moves included price target cuts and downgrades from firms like Stifel Nicolaus and Zacks Research.
Proficient Auto Logistics, Inc. (NASDAQ:PAL - Get Free Report) CEO Richard Odell sold 27,191 shares of the firm'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 transaction of $136,770.73. Following the sale, the chief executive officer directly owned 936,908 shares in the company, valued at $4,712,647.24. The trade was a 2.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Proficient Auto Logistics Price Performance
Shares of NASDAQ PAL opened at $5.02 on Tuesday. The stock has a market capitalization of $139.41 million, a price-to-earnings ratio of -3.77, a PEG ratio of 2.26 and a beta of 1.90. Proficient Auto Logistics, Inc. has a 12 month low of $4.91 and a 12 month high of $10.97. The firm's 50 day simple moving average is $6.57 and its 200-day simple moving average is $8.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in PAL. Royce & Associates LP purchased a new position in shares of Proficient Auto Logistics during the 4th quarter valued at approximately $5,835,000. Brightlight Capital Management LP purchased a new position in shares of Proficient Auto Logistics during the 3rd quarter valued at approximately $1,999,000. Empowered Funds LLC lifted its position in shares of Proficient Auto Logistics by 1,237.9% during the 1st quarter. Empowered Funds LLC now owns 219,169 shares of the company's stock valued at $1,486,000 after buying an additional 202,788 shares in the last quarter. VELA Investment Management LLC purchased a new position in shares of Proficient Auto Logistics during the 3rd quarter valued at approximately $1,385,000. Finally, 4D Advisors LLC purchased a new position in shares of Proficient Auto Logistics during the 4th quarter valued at approximately $1,928,000.
Wall Street Analysts Forecast Growth
PAL has been the topic of a number of analyst reports. Barrington Research set a $10.00 price objective on shares of Proficient Auto Logistics in a research note on Monday, May 11th. Zacks Research lowered Proficient Auto Logistics from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Proficient Auto Logistics in a research report on Wednesday, May 13th. Finally, Stifel Nicolaus decreased their target price on Proficient Auto Logistics from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $10.00.
Get Our Latest Research 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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
