PAMT (NASDAQ:PAMT) Stock Price Down 4.7% – Here’s What Happened

PAMT Corp. (NASDAQ:PAMT) shares were down 4.7% on Monday . The company traded as low as $15.01 and last traded at $15.12. Approximately 14,809 shares changed hands during trading, a decline of 26% from the average daily volume of 19,898 shares. The stock had previously closed at $15.87.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of PAMT in a research note on Friday, March 27th. Wall Street Zen lowered shares of PAMT from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $13.00.

PAMT Price Performance

The stock has a market capitalization of $316.61 million, a P/E ratio of -7.10 and a beta of 1.06. The stock’s fifty day moving average is $11.23 and its 200-day moving average is $10.87. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.30 and a quick ratio of 1.28.

PAMT (NASDAQ:PAMT) last posted its earnings results on Friday, May 1st. The company reported ($0.46) earnings per share for the quarter. PAMT had a negative net margin of 7.61% and a negative return on equity of 15.16%. The company had revenue of $141.88 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PAMT. State Street Corp lifted its holdings in PAMT by 2.0% in the 4th quarter. State Street Corp now owns 62,152 shares of the company’s stock worth $751,000 after purchasing an additional 1,208 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in PAMT during the second quarter valued at approximately $44,000. Russell Investments Group Ltd. raised its position in shares of PAMT by 841.7% in the fourth quarter. Russell Investments Group Ltd. now owns 4,699 shares of the company’s stock valued at $57,000 after purchasing an additional 4,200 shares during the period. Bridgeway Capital Management LLC raised its position in shares of PAMT by 3.4% in the third quarter. Bridgeway Capital Management LLC now owns 176,928 shares of the company’s stock valued at $2,017,000 after purchasing an additional 5,797 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of PAMT in the second quarter worth $88,000. 22.06% of the stock is owned by institutional investors.

PAMT Company Profile

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.