Alambic Investment Management L.P. purchased a new position in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,855 shares of the transportation company’s stock, valued at approximately $236,000.

Several other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its holdings in shares of P.A.M. Transportation Services by 633.8% in the fourth quarter. Acadian Asset Management LLC now owns 11,147 shares of the transportation company’s stock worth $383,000 after buying an additional 9,628 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of P.A.M. Transportation Services by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 368,699 shares of the transportation company’s stock worth $8,823,000 after purchasing an additional 7,927 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of P.A.M. Transportation Services by 476.7% in the third quarter. JPMorgan Chase & Co. now owns 5,900 shares of the transportation company’s stock worth $137,000 after purchasing an additional 4,877 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of P.A.M. Transportation Services in the second quarter worth approximately $482,000. 24.14% of the stock is currently owned by hedge funds and other institutional investors.

P.A.M. Transportation Services, Inc. (NASDAQ PTSI) opened at $36.09 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.96 and a quick ratio of 0.95. The firm has a market cap of $235.35, a P/E ratio of 29.16 and a beta of 1.28. P.A.M. Transportation Services, Inc. has a 52-week low of $14.50 and a 52-week high of $43.20.

Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of P.A.M. Transportation Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Finally, Stifel Nicolaus upped their price objective on shares of P.A.M. Transportation Services from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, November 6th.

COPYRIGHT VIOLATION NOTICE: “Alambic Investment Management L.P. Takes $236,000 Position in P.A.M. Transportation Services, Inc. (PTSI)” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.dailypolitical.com/2018/02/10/alambic-investment-management-l-p-takes-236000-position-in-p-a-m-transportation-services-inc-ptsi.html.

P.A.M. Transportation Services Company Profile

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.

Want to see what other hedge funds are holding PTSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for P.A.M. Transportation Services, Inc. (NASDAQ:PTSI).

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

Receive News & Ratings for P.A.M. Transportation Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for P.A.M. Transportation Services and related companies with MarketBeat.com's FREE daily email newsletter.