PAMT (NASDAQ:PAMT) Releases Earnings Results

PAMT (NASDAQ:PAMT) announced its quarterly earnings data on Friday. The company reported ($0.45) EPS for the quarter, Zacks reports. PAMT had a negative net margin of 8.81% and a negative return on equity of 12.07%.

PAMT Price Performance

Shares of PAMT stock opened at $11.81 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.77. PAMT has a one year low of $8.90 and a one year high of $17.29. The business’s 50 day simple moving average is $11.64 and its two-hundred day simple moving average is $11.43. The stock has a market capitalization of $247.18 million, a P/E ratio of -4.63 and a beta of 0.80.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PAMT. Strs Ohio bought a new stake in PAMT during the 1st quarter valued at approximately $100,000. Rhumbline Advisers purchased a new position in shares of PAMT in the 1st quarter valued at approximately $189,000. Geode Capital Management LLC bought a new stake in shares of PAMT during the second quarter valued at approximately $1,912,000. JPMorgan Chase & Co. bought a new position in PAMT in the second quarter worth $88,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in PAMT during the second quarter valued at $44,000. 22.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.