4D Advisors LLC Takes Position in Proficient Auto Logistics, Inc. $PAL

4D Advisors LLC purchased a new stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $1,928,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PAL. Royce & Associates LP bought a new stake in shares of Proficient Auto Logistics in the 4th quarter valued at about $5,835,000. Brightlight Capital Management LP acquired a new position in shares of Proficient Auto Logistics in the 3rd quarter valued at $1,999,000. Boston Partners grew its holdings in shares of Proficient Auto Logistics by 6.9% in the 3rd quarter. Boston Partners now owns 2,288,113 shares of the company’s stock valued at $15,763,000 after buying an additional 147,101 shares during the period. Franklin Resources Inc. grew its holdings in shares of Proficient Auto Logistics by 31.2% in the 3rd quarter. Franklin Resources Inc. now owns 525,744 shares of the company’s stock valued at $3,622,000 after buying an additional 124,920 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Proficient Auto Logistics by 7.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,135,623 shares of the company’s stock valued at $7,824,000 after buying an additional 83,148 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PAL. Barrington Research set a $10.00 price target on shares of Proficient Auto Logistics in a report on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Proficient Auto Logistics in a research note on Wednesday, May 13th. Zacks Research cut Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Stifel Nicolaus lowered their target price on Proficient Auto Logistics from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Finally, Wall Street Zen cut Proficient Auto Logistics from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Proficient Auto Logistics has a consensus rating of “Hold” and a consensus price target of $10.00.

Proficient Auto Logistics Price Performance

Shares of PAL opened at $7.39 on Thursday. The stock has a market capitalization of $205.22 million, a P/E ratio of -5.56 and a beta of 1.53. Proficient Auto Logistics, Inc. has a twelve month low of $4.85 and a twelve month high of $10.97. The company has a 50 day moving average of $6.54 and a 200-day moving average of $7.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16.

Insider Buying and Selling at Proficient Auto Logistics

In other news, CEO Richard D. Odell sold 33,743 shares of the firm’s stock in a transaction that occurred 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 directly owned 964,099 shares of the company’s stock, valued at $4,897,622.92. This trade represents a 3.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 owned by corporate insiders.

Proficient Auto Logistics 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.