CM Wealth Advisors LLC Acquires Shares of 107,013 Proficient Auto Logistics, Inc. $PAL

CM Wealth Advisors LLC acquired a new position in Proficient Auto Logistics, Inc. (NASDAQ:PAL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 107,013 shares of the company’s stock, valued at approximately $729,000. CM Wealth Advisors LLC owned approximately 0.39% of Proficient Auto Logistics at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC boosted its position in Proficient Auto Logistics by 1,237.9% during the 1st quarter. Empowered Funds LLC now owns 219,169 shares of the company’s stock valued at $1,486,000 after acquiring an additional 202,788 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Proficient Auto Logistics during the 2nd quarter worth approximately $7,322,000. Royce & Associates LP bought a new position in shares of Proficient Auto Logistics in the 4th quarter worth approximately $5,835,000. Brightlight Capital Management LP raised its position in shares of Proficient Auto Logistics by 23.7% in the 4th quarter. Brightlight Capital Management LP now owns 358,700 shares of the company’s stock worth $3,458,000 after acquiring an additional 68,623 shares in the last quarter. Finally, 4D Advisors LLC purchased a new position in shares of Proficient Auto Logistics in the 4th quarter valued at approximately $1,928,000.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PAL. Stifel Nicolaus lifted their price target on Proficient Auto Logistics from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Weiss Ratings lowered Proficient Auto Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of Proficient Auto Logistics from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Barrington Research set a $12.00 target price on shares of Proficient Auto Logistics in a report on Tuesday, August 11th. Finally, Zacks Research downgraded shares of Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. 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 Rohit Lal bought 10,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were acquired at an average cost of $5.53 per share, with a total value of $55,300.00. Following the completion of the acquisition, the director owned 71,903 shares of the company’s stock, valued at $397,623.59. The trade was a 16.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 54,995 shares of company stock valued at $300,222 over the last 90 days. Insiders own 14.20% of the company’s stock.

Proficient Auto Logistics Stock Performance

Proficient Auto Logistics stock opened at $5.41 on Thursday. Proficient Auto Logistics, Inc. has a twelve month low of $4.85 and a twelve month high of $10.97. The company has a quick ratio of 1.06, a current ratio of 1.18 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $151.75 million, a P/E ratio of -3.84 and a beta of 1.25. The stock’s 50 day moving average is $6.89 and its 200 day moving average is $6.90.

Proficient Auto Logistics Company 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.