Barrington Research Reiterates Outperform Rating for Proficient Auto Logistics (NASDAQ:PAL)

Proficient Auto Logistics (NASDAQ:PAL)‘s stock had its “outperform” rating reiterated by Barrington Research in a research report issued on Friday,Benzinga reports. They presently have a $12.00 target price on the stock. Barrington Research’s price target indicates a potential upside of 19.52% from the company’s previous close.

A number of other equities research analysts have also weighed in on PAL. Weiss Ratings reiterated a “sell (e+)” rating on shares of Proficient Auto Logistics in a research note on Wednesday, October 8th. Stifel Nicolaus raised their target price on Proficient Auto Logistics from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Proficient Auto Logistics currently has an average rating of “Hold” and an average target price of $12.00.

Proficient Auto Logistics Stock Performance

Shares of PAL stock opened at $10.04 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average price of $9.36 and a 200-day moving average price of $7.92. Proficient Auto Logistics has a 52 week low of $5.76 and a 52 week high of $11.37. The firm has a market capitalization of $279.41 million, a PE ratio of -502.00, a P/E/G ratio of 2.01 and a beta of 2.18.

Insider Transactions at Proficient Auto Logistics

In other Proficient Auto Logistics news, Director John Skiadas sold 18,270 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $7.27, for a total value of $132,822.90. Following the completion of the sale, the director owned 1,852,597 shares in the company, valued at $13,468,380.19. This represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 75,000 shares of company stock worth $548,429 over the last three months. Insiders own 13.90% of the company’s stock.

Institutional Trading of Proficient Auto Logistics

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAL. FNY Investment Advisers LLC lifted its holdings in Proficient Auto Logistics by 44.6% in the 3rd quarter. FNY Investment Advisers LLC now owns 5,800 shares of the company’s stock worth $39,000 after purchasing an additional 1,789 shares in the last quarter. Windsor Advisory Group LLC bought a new stake in shares of Proficient Auto Logistics during the third quarter valued at approximately $254,000. Sender Co & Partners Inc. lifted its holdings in shares of Proficient Auto Logistics by 41.2% in the third quarter. Sender Co & Partners Inc. now owns 36,700 shares of the company’s stock worth $253,000 after buying an additional 10,711 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Proficient Auto Logistics by 12.6% in the third quarter. Alyeska Investment Group L.P. now owns 524,953 shares of the company’s stock worth $3,617,000 after buying an additional 58,825 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Proficient Auto Logistics by 1.4% during the third quarter. Millennium Management LLC now owns 619,946 shares of the company’s stock worth $4,271,000 after acquiring an additional 8,838 shares during the last quarter.

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.