Proficient Auto Logistics’ (PAL) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Proficient Auto Logistics (NASDAQ:PAL) in a report released on Tuesday,Benzinga reports. Barrington Research currently has a $12.00 price target on the stock.

Separately, Stifel Nicolaus increased their price objective on Proficient Auto Logistics from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.00.

Proficient Auto Logistics Trading Down 10.9%

NASDAQ:PAL opened at $7.18 on Tuesday. Proficient Auto Logistics has a 1 year low of $5.76 and a 1 year high of $11.25. The stock’s fifty day moving average price is $9.84 and its two-hundred day moving average price is $8.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $199.82 million, a P/E ratio of -5.89, a P/E/G ratio of 1.65 and a beta of 2.18.

Insider Activity

In related news, Director John Skiadas sold 18,270 shares of Proficient Auto Logistics stock in a transaction on Monday, November 24th. The stock was sold at an average price of $7.27, for a total transaction of $132,822.90. Following the completion of the sale, the director owned 1,852,597 shares of the company’s stock, valued at approximately $13,468,380.19. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 75,000 shares of company stock valued at $548,429 in the last quarter. Company insiders own 13.90% of the company’s stock.

Institutional Trading of Proficient Auto Logistics

Several institutional investors and hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in shares of Proficient Auto Logistics during the 2nd quarter valued at about $29,000. 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 valued at $31,000 after purchasing an additional 1,975 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Proficient Auto Logistics in the 1st quarter worth approximately $73,000. Alliancebernstein L.P. increased its holdings 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 worth $95,000 after buying an additional 1,800 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Proficient Auto Logistics by 44.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company’s stock valued at $105,000 after buying an additional 3,866 shares in 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.