Proficient Auto Logistics, Inc. (NASDAQ:PAL) Given Average Recommendation of “Hold” by Brokerages

Proficient Auto Logistics, Inc. (NASDAQ:PAL) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $12.00.

Several research firms have issued reports on PAL. Stifel Nicolaus lifted their price target on shares of Proficient Auto Logistics from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Wall Street Zen raised Proficient Auto Logistics from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Zacks Research downgraded Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Barrington Research set a $12.00 target price on Proficient Auto Logistics in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded Proficient Auto Logistics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 25th.

Proficient Auto Logistics Stock Down 0.2%

Shares of Proficient Auto Logistics stock opened at $4.94 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.17. The company has a market cap of $138.58 million, a P/E ratio of -3.50 and a beta of 1.16. The firm’s 50 day moving average price is $6.39 and its 200-day moving average price is $6.59. Proficient Auto Logistics has a 52-week low of $4.85 and a 52-week high of $10.97.

Insider Buying and Selling at Proficient Auto Logistics

In related news, Director Rohit Lal acquired 10,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of $5.53 per share, for a total transaction of $55,300.00. Following the completion of the acquisition, the director directly owned 71,903 shares in the company, valued at $397,623.59. The trade was a 16.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 54,995 shares of company stock worth $300,222 in the last 90 days. 14.20% of the stock is currently owned by insiders.

Institutional Trading of Proficient Auto Logistics

Several large investors have recently bought and sold shares of the stock. Boston Partners increased its stake in Proficient Auto Logistics by 6.9% during the 3rd quarter. Boston Partners now owns 2,288,113 shares of the company’s stock valued at $15,763,000 after purchasing an additional 147,101 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Proficient Auto Logistics in the 2nd quarter valued at $11,013,000. Vanguard Group Inc. raised its stake in Proficient Auto Logistics by 7.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,135,623 shares of the company’s stock worth $7,824,000 after acquiring an additional 83,148 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Proficient Auto Logistics in the 2nd quarter worth $7,322,000. Finally, Diamond Hill Capital Management Inc. lifted its position in Proficient Auto Logistics by 7.5% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 906,345 shares of the company’s stock worth $8,737,000 after acquiring an additional 62,846 shares during the period.

About Proficient Auto Logistics

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.