Wall Street Zen Upgrades PAMT (NASDAQ:PAMT) to Hold

PAMT (NASDAQ:PAMT) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings raised PAMT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $13.00.

PAMT Stock Up 1.1%

Shares of PAMT stock opened at $14.84 on Friday. PAMT has a 52-week low of $7.15 and a 52-week high of $16.50. The company has a 50 day moving average of $13.38 and a 200 day moving average of $11.48. The company has a quick ratio of 1.28, a current ratio of 1.30 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $310.75 million, a P/E ratio of -6.97 and a beta of 1.06.

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

Institutional Investors Weigh In On PAMT

Institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC raised its stake in shares of PAMT by 14.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 202,036 shares of the company’s stock worth $2,441,000 after buying an additional 25,108 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in shares of PAMT by 7.9% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 193,880 shares of the company’s stock valued at $2,342,000 after buying an additional 14,244 shares during the period. Geode Capital Management LLC purchased a new stake in shares of PAMT in the second quarter valued at approximately $1,912,000. Empowered Funds LLC boosted its stake in shares of PAMT by 9.7% in the first quarter. Empowered Funds LLC now owns 90,870 shares of the company’s stock valued at $768,000 after buying an additional 8,054 shares in the last quarter. Finally, State Street Corp grew its holdings in PAMT by 2.0% during the fourth quarter. State Street Corp now owns 62,152 shares of the company’s stock worth $751,000 after acquiring an additional 1,208 shares during the period. Hedge funds and other institutional investors own 22.06% of the company’s stock.

About PAMT

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.