Proficient Auto Logistics (NASDAQ:PAL) Upgraded at Wall Street Zen

Proficient Auto Logistics (NASDAQ:PAL) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities analysts also recently commented on PAL. Zacks Research downgraded shares of Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Barrington Research set a $10.00 target price on Proficient Auto Logistics in a research report on Monday, May 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Proficient Auto Logistics in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Proficient Auto Logistics Price Performance

Proficient Auto Logistics stock opened at $6.38 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. Proficient Auto Logistics has a 1-year low of $4.85 and a 1-year high of $10.97. The company has a fifty day simple moving average of $6.56 and a 200 day simple moving average of $7.67. The company has a market cap of $177.17 million, a P/E ratio of -4.80 and a beta of 1.27.

Insider Buying and Selling

In other Proficient Auto Logistics news, CEO Richard D. Odell sold 33,743 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $5.08, for a total value of $171,414.44. Following the transaction, the chief executive officer directly owned 964,099 shares of the company’s stock, valued at $4,897,622.92. This represents a 3.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 14.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Proficient Auto Logistics

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its position in Proficient Auto Logistics by 77.7% during 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 period. FNY Investment Advisers LLC increased 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 valued at $39,000 after buying an additional 1,789 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Proficient Auto Logistics in the 1st quarter valued at approximately $73,000. Alliancebernstein L.P. raised 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 valued at $95,000 after buying an additional 1,800 shares in the last quarter. Finally, Odyssean LLC acquired a new position in shares of Proficient Auto Logistics in the 4th quarter valued at approximately $98,000.

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.