Proficient Auto Logistics, Inc. (NASDAQ:PAL) Given Consensus Rating of “Hold” by Analysts

Proficient Auto Logistics, Inc. (NASDAQ:PAL) has earned an average recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $10.00.

A number of analysts have weighed in on PAL shares. Wall Street Zen raised Proficient Auto Logistics from a “sell” rating to a “hold” rating in a research report on Saturday. Barrington Research set a $10.00 target price on Proficient Auto Logistics in a report on Monday, May 11th. Zacks Research downgraded Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Proficient Auto Logistics in a research note on Wednesday, May 13th.

Proficient Auto Logistics Stock Down 4.1%

PAL stock opened at $6.36 on Wednesday. The firm has a market cap of $176.62 million, a PE ratio of -4.78 and a beta of 1.27. 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 $6.54 and a 200 day simple moving average of $7.61. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16.

Insiders Place Their Bets

In other Proficient Auto Logistics news, CEO Richard D. Odell sold 33,743 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $5.08, for a total transaction of $171,414.44. Following the completion of the transaction, the chief executive officer owned 964,099 shares of the company’s stock, valued at $4,897,622.92. The trade was a 3.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.

Hedge Funds Weigh In On Proficient Auto Logistics

Several large investors have recently made changes to their positions in PAL. BNP Paribas Financial Markets boosted its stake in Proficient Auto Logistics by 77.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company’s stock valued at $31,000 after purchasing an additional 1,975 shares during the period. FNY Investment Advisers LLC boosted its position in shares of Proficient Auto Logistics by 44.6% in the third quarter. FNY Investment Advisers LLC now owns 5,800 shares of the company’s stock valued at $39,000 after acquiring an additional 1,789 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Proficient Auto Logistics in the first quarter worth $73,000. Odyssean LLC bought a new position in Proficient Auto Logistics during the fourth quarter worth $98,000. Finally, Invesco Ltd. bought a new position in Proficient Auto Logistics during the fourth quarter worth $101,000.

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.