Proficient Auto Logistics, Inc. $PAL Stock Holdings Increased by Optimize Financial Inc

Optimize Financial Inc increased its stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 50.0% during the 3rd quarter, Holdings Channel reports. The fund owned 459,699 shares of the company’s stock after purchasing an additional 153,233 shares during the quarter. Proficient Auto Logistics makes up approximately 1.6% of Optimize Financial Inc’s investment portfolio, making the stock its biggest position. Optimize Financial Inc’s holdings in Proficient Auto Logistics were worth $3,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. VELA Investment Management LLC purchased a new stake in Proficient Auto Logistics during the 3rd quarter worth about $1,385,000. Sender Co & Partners Inc. acquired a new position in shares of Proficient Auto Logistics during the second quarter worth about $189,000. Bridgeway Capital Management LLC purchased a new stake in shares of Proficient Auto Logistics during the second quarter worth approximately $189,000. AYAL Capital Advisors Ltd raised its holdings in Proficient Auto Logistics by 30.3% in the second quarter. AYAL Capital Advisors Ltd now owns 590,700 shares of the company’s stock valued at $4,288,000 after acquiring an additional 137,241 shares in the last quarter. Finally, Owls Nest Partners IA LLC purchased a new position in Proficient Auto Logistics in the second quarter worth approximately $271,000.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barrington Research reissued an “outperform” rating and issued a $12.00 price objective on shares of Proficient Auto Logistics in a research report on Friday, January 23rd. Stifel Nicolaus increased their target price on Proficient Auto Logistics from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Proficient Auto Logistics in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Proficient Auto Logistics currently has a consensus rating of “Hold” and an average price target of $12.00.

Proficient Auto Logistics Trading Up 0.5%

Shares of Proficient Auto Logistics stock opened at $10.54 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $9.75 and a 200-day simple moving average of $8.06. The stock has a market cap of $293.33 million, a price-to-earnings ratio of -527.00, a PEG ratio of 2.10 and a beta of 2.18. Proficient Auto Logistics, Inc. has a 12-month low of $5.76 and a 12-month high of $11.37.

Insider Transactions at Proficient Auto Logistics

In other Proficient Auto Logistics news, Director John Skiadas sold 41,100 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $7.34, for a total value of $301,674.00. Following the completion of the transaction, the director owned 1,870,867 shares in the company, valued at $13,732,163.78. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 75,000 shares of company stock valued at $548,429 in the last three months. Corporate insiders own 13.90% of the company’s stock.

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.