Nationwide Fund Advisors reduced its holdings in shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 14.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,159 shares of the transportation company’s stock after selling 2,517 shares during the quarter. Nationwide Fund Advisors owned 0.24% of P.A.M. Transportation Services worth $287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in P.A.M. Transportation Services by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 20,698 shares of the transportation company’s stock worth $338,000 after buying an additional 349 shares during the period. Horrell Capital Management Inc. grew its stake in P.A.M. Transportation Services by 2.5% during the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the transportation company’s stock worth $529,000 after buying an additional 681 shares during the period. Pacific Ridge Capital Partners LLC grew its stake in P.A.M. Transportation Services by 21.4% during the second quarter. Pacific Ridge Capital Partners LLC now owns 174,921 shares of the transportation company’s stock worth $3,315,000 after buying an additional 30,780 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in P.A.M. Transportation Services by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 345,758 shares of the transportation company’s stock worth $5,633,000 after buying an additional 8,821 shares during the period. Institutional investors own 24.43% of the company’s stock.

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P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) opened at $34.84 on Friday. The firm has a market cap of $219.60, a price-to-earnings ratio of 27.65 and a beta of 1.06. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.90. P.A.M. Transportation Services, Inc. has a 52 week low of $14.50 and a 52 week high of $36.35.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced its earnings results on Monday, October 23rd. The transportation company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.28. The business had revenue of $108.90 million during the quarter, compared to the consensus estimate of $108.20 million. P.A.M. Transportation Services had a net margin of 1.85% and a return on equity of 8.38%. analysts anticipate that P.A.M. Transportation Services, Inc. will post 1.34 EPS for the current fiscal year.

P.A.M. Transportation Services declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, October 10th that permits the company to repurchase 400,000 shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through a dutch auction. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

PTSI has been the subject of several research reports. Zacks Investment Research upgraded shares of P.A.M. Transportation Services from a “strong sell” rating to a “hold” rating and set a $27.00 price objective for the company in a research note on Tuesday, October 3rd. ValuEngine downgraded shares of P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of P.A.M. Transportation Services in a research note on Sunday, October 1st.

About P.A.M. Transportation Services

P.A.M. Transportation Services, Inc is a holding company. The Company, through its subsidiaries, operates as a truckload transportation and logistics company. It operates in the motor carrier segment. It operates as a truckload dry van carrier transporting general commodities throughout the continental United States, as well as in certain Canadian provinces.

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Institutional Ownership by Quarter for P.A.M. Transportation Services (NASDAQ:PTSI)

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