John Skiadas Sells 6,620 Shares of Proficient Auto Logistics (NASDAQ:PAL) Stock

Proficient Auto Logistics, Inc. (NASDAQ:PAL) Director John Skiadas sold 6,620 shares of Proficient Auto Logistics stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $7.37, for a total value of $48,789.40. Following the sale, the director directly owned 1,911,967 shares in the company, valued at $14,091,196.79. The trade was a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

John Skiadas also recently made the following trade(s):

• On Friday, November 21st, John Skiadas sold 41,100 shares of Proficient Auto Logistics stock. The shares were sold at an average price of $7.34, for a total value of $301,674.00.
• On Wednesday, November 19th, John Skiadas sold 9,010 shares of Proficient Auto Logistics stock. The stock was sold at an average price of $7.23, for a total value of $65,142.30.

Proficient Auto Logistics Stock Up 2.8%

PAL opened at $7.30 on Friday. 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 current ratio of 1.14 and a quick ratio of 1.16. The firm’s fifty day moving average price is $6.83 and its two-hundred day moving average price is $7.26. The company has a market capitalization of $203.16 million, a P/E ratio of -365.00, a P/E/G ratio of 21.63 and a beta of 2.53.

Analyst Ratings Changes

Several brokerages have recently weighed in on PAL. William Blair lowered shares of Proficient Auto Logistics from an “outperform” rating to a “market perform” rating in a research report on Friday, September 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Proficient Auto Logistics in a report on Wednesday, October 8th. Barrington Research reissued an “outperform” rating and issued a $12.00 target price on shares of Proficient Auto Logistics in a report on Wednesday, November 12th. Finally, Stifel Nicolaus set a $13.00 target price on Proficient Auto Logistics in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.50.

Institutional Trading of Proficient Auto Logistics

Several large investors have recently added to or reduced their stakes in the company. Windsor Advisory Group LLC acquired a new stake in shares of Proficient Auto Logistics during the third quarter worth approximately $254,000. Sender Co & Partners Inc. increased its holdings in Proficient Auto Logistics by 41.2% during the 3rd quarter. Sender Co & Partners Inc. now owns 36,700 shares of the company’s stock valued at $253,000 after purchasing an additional 10,711 shares in the last quarter. Alyeska Investment Group L.P. raised its position in Proficient Auto Logistics by 12.6% in the 3rd quarter. Alyeska Investment Group L.P. now owns 524,953 shares of the company’s stock valued at $3,617,000 after purchasing an additional 58,825 shares during the last quarter. Millennium Management LLC boosted its stake in Proficient Auto Logistics by 1.4% in the third quarter. Millennium Management LLC now owns 619,946 shares of the company’s stock worth $4,271,000 after purchasing an additional 8,838 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Proficient Auto Logistics by 17.4% in the third quarter. Bank of America Corp DE now owns 342,095 shares of the company’s stock worth $2,357,000 after purchasing an additional 50,740 shares in the last quarter.

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.