Victory Capital Management Inc. reduced its position in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI – Free Report) by 53.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,814 shares of the transportation company’s stock after selling 3,182 shares during the period. Victory Capital Management Inc.’s holdings in P.A.M. Transportation Services were worth $75,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the company. EA Series Trust acquired a new stake in P.A.M. Transportation Services during the second quarter worth approximately $1,051,000. Martingale Asset Management L P raised its position in shares of P.A.M. Transportation Services by 5.6% in the first quarter. Martingale Asset Management L P now owns 11,117 shares of the transportation company’s stock valued at $318,000 after buying an additional 585 shares in the last quarter. Denali Advisors LLC raised its position in shares of P.A.M. Transportation Services by 412.8% in the second quarter. Denali Advisors LLC now owns 20,000 shares of the transportation company’s stock valued at $535,000 after buying an additional 16,100 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of P.A.M. Transportation Services in the first quarter valued at approximately $253,000. Finally, Horrell Capital Management Inc. raised its position in shares of P.A.M. Transportation Services by 0.6% in the first quarter. Horrell Capital Management Inc. now owns 118,056 shares of the transportation company’s stock valued at $3,380,000 after buying an additional 736 shares in the last quarter. 22.17% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th.
P.A.M. Transportation Services Stock Down 5.3 %
NASDAQ PTSI opened at $17.71 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 2.28 and a debt-to-equity ratio of 0.54. P.A.M. Transportation Services, Inc. has a 1-year low of $15.66 and a 1-year high of $31.36. The company has a 50 day moving average of $20.44 and a 200-day moving average of $23.44. The company has a market cap of $389.99 million, a price-to-earnings ratio of 10.18 and a beta of 1.29.
In other news, Director Edwin J. Lukas acquired 1,800 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of $22.00 per share, with a total value of $39,600.00. Following the completion of the purchase, the director now directly owns 5,082 shares of the company’s stock, valued at approximately $111,804. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 68.55% of the stock is owned by company insiders.
About P.A.M. Transportation Services
P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities. Its freight primarily consists of automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.
- Five stocks we like better than P.A.M. Transportation Services
- Best Restaurant Stocks to Invest in Now
- These 5 small-cap impact stocks are making social change
- Compound Interest and Why It Matters When Investing
- Alphabet slays its earnings but falls on its sword with cloud
- 3 Fintech Stocks With Good 2021 Prospects
- There’s nothing artificial about NVIDIA’s relationship with AI
Receive News & Ratings for P.A.M. Transportation Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for P.A.M. Transportation Services and related companies with MarketBeat.com's FREE daily email newsletter.