Proficient Auto Logistics (NASDAQ:PAL) Director Acquires 10,000 Shares

Proficient Auto Logistics, Inc. (NASDAQ:PAL) Director Rohit Lal acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were acquired at an average price of $5.53 per share, for a total transaction of $55,300.00. Following the completion of the purchase, the director owned 71,903 shares of the company’s stock, valued at approximately $397,623.59. This represents a 16.15% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Rohit Lal also recently made the following trade(s):

• On Thursday, August 13th, Rohit Lal acquired 40,000 shares of Proficient Auto Logistics stock. The shares were acquired at an average cost of $5.43 per share, for a total transaction of $217,200.00.

Proficient Auto Logistics Stock Up 0.4%

NASDAQ:PAL traded up $0.02 during trading hours on Friday, reaching $5.50. The company’s stock had a trading volume of 703,099 shares, compared to its average volume of 607,984. The company has a market capitalization of $152.74 million, a P/E ratio of -3.90 and a beta of 1.25. Proficient Auto Logistics, Inc. has a 12 month low of $4.85 and a 12 month high of $10.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average price of $7.02 and a two-hundred day moving average price of $7.01.

Hedge Funds Weigh In On Proficient Auto Logistics

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in Proficient Auto Logistics by 77.7% in the third quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company’s stock worth $31,000 after purchasing an additional 1,975 shares during the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of Proficient Auto Logistics during the 2nd quarter valued at $49,000. Jones Financial Companies Lllp acquired a new stake in shares of Proficient Auto Logistics in the 1st quarter worth $73,000. Alliancebernstein L.P. boosted its position in shares of Proficient Auto Logistics by 15.0% in the 3rd quarter. Alliancebernstein L.P. now owns 13,800 shares of the company’s stock worth $95,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Odyssean LLC acquired a new stake in shares of Proficient Auto Logistics in the 4th quarter worth $98,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Zacks Research lowered Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research report on Monday. Weiss Ratings downgraded Proficient Auto Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. Barrington Research set a $12.00 target price on Proficient Auto Logistics in a research note on Tuesday. Wall Street Zen downgraded shares of Proficient Auto Logistics from a “hold” rating to a “sell” rating in a report on Sunday, August 2nd. Finally, Stifel Nicolaus increased their price target on shares of Proficient Auto Logistics from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Proficient Auto Logistics has a consensus rating of “Hold” and an average target price of $12.00.

Proficient Auto Logistics Company Profile

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.