Nuveen LLC Makes New $229,000 Investment in Proficient Auto Logistics, Inc. $PAL

Nuveen LLC bought a new stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,416 shares of the company’s stock, valued at approximately $229,000. Nuveen LLC owned approximately 0.10% of Proficient Auto Logistics at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PAL. Charles Schwab Investment Management Inc. increased its stake in Proficient Auto Logistics by 9.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 146,805 shares of the company’s stock worth $1,229,000 after acquiring an additional 12,159 shares during the last quarter. Bastion Asset Management Inc. purchased a new stake in shares of Proficient Auto Logistics in the 1st quarter valued at about $3,455,000. Brookwood Investment Group LLC purchased a new stake in shares of Proficient Auto Logistics in the 1st quarter valued at about $519,000. Diamond Hill Capital Management Inc. increased its position in Proficient Auto Logistics by 54.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 389,753 shares of the company’s stock valued at $3,262,000 after acquiring an additional 136,723 shares during the period. Finally, Victory Capital Management Inc. increased its position in Proficient Auto Logistics by 29.0% in the 1st quarter. Victory Capital Management Inc. now owns 14,345 shares of the company’s stock valued at $120,000 after acquiring an additional 3,225 shares during the period.

Analyst Ratings Changes

A number of research firms recently weighed in on PAL. Barrington Research restated an “outperform” rating and issued a $12.00 price target on shares of Proficient Auto Logistics in a report on Tuesday, August 12th. Stifel Nicolaus set a $13.00 target price on Proficient Auto Logistics in a research report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Proficient Auto Logistics currently has an average rating of “Buy” and a consensus price target of $14.67.

Proficient Auto Logistics Price Performance

NASDAQ:PAL opened at $7.50 on Friday. Proficient Auto Logistics, Inc. has a one year low of $5.88 and a one year high of $18.72. The stock has a 50-day simple moving average of $7.44 and a 200 day simple moving average of $8.09. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.20.

About Proficient Auto Logistics

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.