PAMT (NASDAQ:PAMT) Upgraded by Wall Street Zen to “Hold” Rating

PAMT (NASDAQ:PAMT) was upgraded by Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of PAMT in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PAMT currently has an average rating of “Reduce” and an average price target of $13.00.

PAMT Trading Down 5.8%

Shares of PAMT opened at $11.90 on Friday. PAMT has a 52-week low of $8.90 and a 52-week high of $17.29. The stock has a market cap of $249.02 million, a PE ratio of -4.76 and a beta of 0.80. The firm’s fifty day moving average is $11.87 and its two-hundred day moving average is $11.44. The company has a quick ratio of 1.77, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.

PAMT (NASDAQ:PAMT) last posted its quarterly earnings results on Thursday, February 19th. The company reported ($0.45) earnings per share for the quarter. The business had revenue of $141.32 million during the quarter. PAMT had a negative return on equity of 13.03% and a negative net margin of 8.80%. Research analysts forecast that PAMT will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of PAMT

Hedge funds have recently made changes to their positions in the company. Bridgeway Capital Management LLC increased its holdings in shares of PAMT by 14.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 202,036 shares of the company’s stock worth $2,441,000 after buying an additional 25,108 shares during the last quarter. Russell Investments Group Ltd. grew its position in PAMT by 841.7% in the fourth quarter. Russell Investments Group Ltd. now owns 4,699 shares of the company’s stock worth $57,000 after acquiring an additional 4,200 shares during the period. State Street Corp increased its stake in PAMT by 2.0% during the fourth quarter. State Street Corp now owns 62,152 shares of the company’s stock worth $751,000 after acquiring an additional 1,208 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in PAMT by 7.9% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 193,880 shares of the company’s stock valued at $2,342,000 after purchasing an additional 14,244 shares during the period. Finally, EJF Capital LLC purchased a new stake in PAMT in the second quarter valued at $322,000. Hedge funds and other institutional investors own 22.06% of the company’s stock.

About PAMT

PAM Transportation Services, Inc (NASDAQ: PAMT) is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT’s freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.