Patriot Transportation Holding, Inc. (NASDAQ:PATI) Posts Quarterly Earnings Results
Patriot Transportation Holding, Inc. (NASDAQ:PATI) released its quarterly earnings data on Wednesday. The transportation company reported $0.14 EPS for the quarter, Morningstar.com reports. The company had revenue of $28.10 million during the quarter. Patriot Transportation Holding had a return on equity of 8.64% and a net margin of 3.93%.
Patriot Transportation Holding (NASDAQ PATI) traded down 0.031% during midday trading on Thursday, hitting $19.444. The stock had a trading volume of 4,649 shares. The stock has a market capitalization of $64.22 million, a PE ratio of 13.810 and a beta of -0.12. Patriot Transportation Holding has a 1-year low of $17.60 and a 1-year high of $27.32. The stock’s 50-day moving average is $18.24 and its 200-day moving average is $21.28.
In related news, major shareholder John D. Baker II purchased 3,850 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was acquired at an average price of $17.96 per share, for a total transaction of $69,146.00. Following the completion of the acquisition, the insider now owns 4,000 shares of the company’s stock, valued at approximately $71,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder John D. Baker II purchased 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were bought at an average price of $17.97 per share, with a total value of $41,331.00. Following the acquisition, the insider now directly owns 4,000 shares of the company’s stock, valued at approximately $71,880. The disclosure for this purchase can be found here. Insiders have purchased 10,000 shares of company stock valued at $179,662 in the last quarter. 26.16% of the stock is currently owned by corporate insiders.
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Separately, TheStreet downgraded Patriot Transportation Holding from a “b-” rating to a “c” rating in a report on Monday, April 10th.
About Patriot Transportation Holding
Patriot Transportation Holding, Inc operates as a regional tank truck. The Company conducts its business through its subsidiary, Florida Rock & Tank Lines, Inc Its business consists of hauling petroleum related products, and dry bulk commodities and liquid chemicals. The Company operates terminals in Florida, Georgia, Alabama, South Carolina, North Carolina and Tennessee.
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