P.A.M. Transportation Services (NASDAQ:PTSI) Stock Passes Above Two Hundred Day Moving Average of $17.03

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.03 and traded as high as $18.02. P.A.M. Transportation Services shares last traded at $18.02, with a volume of 15,456 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th.

P.A.M. Transportation Services Trading Down 0.7 %

The stock has a market cap of $392.03 million, a P/E ratio of 29.54 and a beta of 1.13. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.03 and a current ratio of 2.05. The stock’s fifty day moving average is $18.18 and its 200 day moving average is $17.03.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly earnings data on Wednesday, July 24th. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.21). The company had revenue of $182.95 million during the quarter. P.A.M. Transportation Services had a net margin of 0.17% and a return on equity of 0.40%. As a group, equities research analysts predict that P.A.M. Transportation Services, Inc. will post -0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other P.A.M. Transportation Services news, Director Matthew T. Moroun bought 4,073,700 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were purchased at an average cost of $18.18 per share, for a total transaction of $74,059,866.00. Following the purchase, the director now directly owns 10,427,848 shares in the company, valued at $189,578,276.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 68.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On P.A.M. Transportation Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PTSI. Horrell Capital Management Inc. boosted its position in P.A.M. Transportation Services by 0.5% during the first quarter. Horrell Capital Management Inc. now owns 117,484 shares of the transportation company’s stock worth $1,904,000 after purchasing an additional 588 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of P.A.M. Transportation Services by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 54,345 shares of the transportation company’s stock valued at $944,000 after purchasing an additional 701 shares during the last quarter. BNP Paribas Financial Markets lifted its position in P.A.M. Transportation Services by 38.9% during the first quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock worth $48,000 after buying an additional 837 shares in the last quarter. Vanguard Group Inc. boosted its stake in P.A.M. Transportation Services by 0.8% during the first quarter. Vanguard Group Inc. now owns 342,117 shares of the transportation company’s stock worth $5,546,000 after buying an additional 2,808 shares during the last quarter. Finally, Pinnacle Holdings LLC grew its position in P.A.M. Transportation Services by 8.3% in the fourth quarter. Pinnacle Holdings LLC now owns 43,645 shares of the transportation company’s stock worth $907,000 after acquiring an additional 3,361 shares during the period. 22.06% of the stock is owned by institutional investors and hedge funds.

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, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.