PAMT (NASDAQ:PAMT) Rating Lowered to Sell at Wall Street Zen

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

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

PAMT Price Performance

PAMT opened at $8.02 on Friday. PAMT has a twelve month low of $7.15 and a twelve month high of $17.29. The company has a market capitalization of $167.86 million, a price-to-earnings ratio of -3.21 and a beta of 0.79. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $10.88 and a 200-day moving average price of $10.99.

PAMT (NASDAQ:PAMT) last issued its earnings results on Thursday, February 19th. The company reported ($0.45) earnings per share (EPS) for the quarter. PAMT had a negative net margin of 8.80% and a negative return on equity of 13.58%. The business had revenue of $141.32 million for the quarter. Equities analysts expect that PAMT will post 0.85 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PAMT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in PAMT during the 2nd quarter valued at $44,000. Russell Investments Group Ltd. grew its stake in shares of 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 last quarter. JPMorgan Chase & Co. bought a new stake in PAMT during the 2nd quarter valued at about $88,000. Strs Ohio purchased a new position in PAMT in the 1st quarter worth approximately $100,000. Finally, Bank of America Corp DE purchased a new position in shares of PAMT in the second quarter worth $159,000. 22.06% of the stock is owned by hedge funds and other institutional investors.

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.