Proficient Auto Logistics, Inc. $PAL Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lessened its holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 15.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 273,289 shares of the company’s stock after selling 50,000 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.98% of Proficient Auto Logistics worth $1,883,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Boston Partners increased its stake in Proficient Auto Logistics by 47.9% during the 2nd quarter. Boston Partners now owns 2,141,012 shares of the company’s stock valued at $15,540,000 after purchasing an additional 693,225 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Proficient Auto Logistics by 18.2% during the second quarter. American Century Companies Inc. now owns 1,795,883 shares of the company’s stock worth $13,038,000 after buying an additional 276,269 shares during the period. VELA Investment Management LLC purchased a new stake in shares of Proficient Auto Logistics during the third quarter valued at $1,385,000. AYAL Capital Advisors Ltd grew its holdings in shares of Proficient Auto Logistics by 30.3% during the second quarter. AYAL Capital Advisors Ltd now owns 590,700 shares of the company’s stock valued at $4,288,000 after buying an additional 137,241 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Proficient Auto Logistics by 25.7% in the 2nd quarter. First Eagle Investment Management LLC now owns 516,473 shares of the company’s stock valued at $3,750,000 after acquiring an additional 105,725 shares during the period.

Proficient Auto Logistics Price Performance

Shares of PAL opened at $10.04 on Friday. The business’s 50-day moving average is $9.36 and its two-hundred day moving average is $7.92. The company has a market capitalization of $279.41 million, a P/E ratio of -502.00, a P/E/G ratio of 2.10 and a beta of 2.18. Proficient Auto Logistics, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $11.37. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.14 and a current ratio of 1.14.

Wall Street Analysts Forecast Growth

PAL has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Proficient Auto Logistics in a research report on Wednesday, October 8th. Stifel Nicolaus raised their price objective on Proficient Auto Logistics from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Finally, Barrington Research reiterated an “outperform” rating and issued a $12.00 target price on shares of Proficient Auto Logistics in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.00.

Insider Buying and Selling

In related news, Director John Skiadas sold 18,270 shares of Proficient Auto Logistics stock in a transaction that occurred 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 transaction, the director directly owned 1,852,597 shares in the company, valued at approximately $13,468,380.19. This trade represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 75,000 shares of company stock worth $548,429 over the last quarter. 13.90% of the stock is owned by company 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.