BNP Paribas Financial Markets Grows Position in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

BNP Paribas Financial Markets boosted its stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 136.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,047 shares of the company’s stock after buying an additional 28,342 shares during the period. BNP Paribas Financial Markets owned approximately 0.18% of Proficient Auto Logistics worth $396,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Proficient Auto Logistics in the fourth quarter valued at $49,000. Wells Fargo & Company MN increased its stake in Proficient Auto Logistics by 37.9% during the fourth quarter. Wells Fargo & Company MN now owns 8,640 shares of the company’s stock worth $70,000 after purchasing an additional 2,373 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Proficient Auto Logistics during the fourth quarter worth about $90,000. Nicholas Hoffman & Company LLC. boosted its stake in shares of Proficient Auto Logistics by 20.0% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 15,000 shares of the company’s stock valued at $121,000 after purchasing an additional 2,500 shares during the period. Finally, Rhumbline Advisers increased its stake in Proficient Auto Logistics by 7.9% during the 4th quarter. Rhumbline Advisers now owns 16,971 shares of the company’s stock worth $137,000 after buying an additional 1,238 shares during the period.

Analyst Ratings Changes

Several brokerages have commented on PAL. Barrington Research reissued an “outperform” rating and issued a $15.00 price target on shares of Proficient Auto Logistics in a research report on Wednesday, February 12th. Stifel Nicolaus decreased their target price on Proficient Auto Logistics from $17.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, May 8th.

Proficient Auto Logistics Price Performance

Shares of PAL opened at $7.25 on Monday. The firm’s fifty day simple moving average is $8.34 and its 200-day simple moving average is $9.18. Proficient Auto Logistics, Inc. has a twelve month low of $6.81 and a twelve month high of $21.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.25 and a current ratio of 1.25.

Proficient Auto Logistics (NASDAQ:PAL) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The business had revenue of $95.21 million during the quarter, compared to the consensus estimate of $94.65 million. As a group, equities research analysts expect that Proficient Auto Logistics, Inc. will post 0.34 EPS for the current year.

Insider Transactions at Proficient Auto Logistics

In other news, CEO Richard D. Odell sold 15,000 shares of Proficient Auto Logistics stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $8.15, for a total transaction of $122,250.00. Following the sale, the chief executive officer now owns 885,472 shares in the company, valued at approximately $7,216,596.80. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.90% of the company’s stock.

Proficient Auto Logistics Profile

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.