Proficient Auto Logistics’ (PAL) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research restated their outperform rating on shares of Proficient Auto Logistics (NASDAQ:PAL) in a research report sent to investors on Friday,Benzinga reports. The firm currently has a $12.00 price target on the stock.

Other analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Proficient Auto Logistics in a research note on Wednesday, October 8th. Stifel Nicolaus raised their target price on shares of Proficient Auto Logistics from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.00.

Proficient Auto Logistics Stock Down 3.9%

Shares of NASDAQ:PAL opened at $10.04 on Friday. Proficient Auto Logistics has a 1 year low of $5.76 and a 1 year high of $11.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50-day moving average is $9.36 and its 200 day moving average is $7.92. The company has a market cap of $279.41 million, a PE ratio of -502.00, a P/E/G ratio of 2.10 and a beta of 2.18.

Insider Activity at Proficient Auto Logistics

In other news, Director John Skiadas sold 18,270 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $7.27, for a total value of $132,822.90. Following the sale, the director directly owned 1,852,597 shares of the company’s stock, valued at $13,468,380.19. This represents a 0.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 75,000 shares of company stock worth $548,429. Insiders own 13.90% of the company’s stock.

Institutional Investors Weigh In On Proficient Auto Logistics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC increased its stake in shares of Proficient Auto Logistics by 44.6% during the third quarter. FNY Investment Advisers LLC now owns 5,800 shares of the company’s stock valued at $39,000 after purchasing an additional 1,789 shares in the last quarter. Windsor Advisory Group LLC bought a new position in Proficient Auto Logistics during the 3rd quarter valued at approximately $254,000. Sender Co & Partners Inc. raised its stake in Proficient Auto Logistics by 41.2% during the third quarter. Sender Co & Partners Inc. now owns 36,700 shares of the company’s stock valued at $253,000 after buying an additional 10,711 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Proficient Auto Logistics by 12.6% in the third quarter. Alyeska Investment Group L.P. now owns 524,953 shares of the company’s stock worth $3,617,000 after acquiring an additional 58,825 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Proficient Auto Logistics by 1.4% in the third quarter. Millennium Management LLC now owns 619,946 shares of the company’s stock worth $4,271,000 after acquiring an additional 8,838 shares during the last quarter.

Proficient Auto Logistics Company 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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.