Proficient Auto Logistics (NASDAQ:PAL) CEO Richard Odell Sells 27,191 Shares of Stock

Proficient Auto Logistics, Inc. (NASDAQ:PAL) CEO Richard Odell sold 27,191 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $5.03, for a total transaction of $136,770.73. Following the transaction, the chief executive officer owned 936,908 shares in the company, valued at approximately $4,712,647.24. This trade represents a 2.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Proficient Auto Logistics Price Performance

Shares of NASDAQ:PAL opened at $5.02 on Tuesday. Proficient Auto Logistics, Inc. has a twelve month low of $4.91 and a twelve month high of $10.97. The company’s 50 day moving average is $6.57 and its 200 day moving average is $8.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The company has a market cap of $139.41 million, a PE ratio of -3.77, a price-to-earnings-growth ratio of 2.26 and a beta of 1.90.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PAL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Proficient Auto Logistics in a report on Wednesday, May 13th. Barrington Research set a $10.00 price target on shares of Proficient Auto Logistics in a report on Monday, May 11th. Stifel Nicolaus cut their price target on shares of Proficient Auto Logistics from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Finally, Zacks Research downgraded shares of Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.00.

Institutional Investors Weigh In On Proficient Auto Logistics

Several hedge funds have recently bought and sold shares of PAL. FNY Investment Advisers LLC grew its stake in shares of Proficient Auto Logistics by 44.6% during the 3rd quarter. FNY Investment Advisers LLC now owns 5,800 shares of the company’s stock worth $39,000 after purchasing an additional 1,789 shares during the period. Alliancebernstein L.P. grew its stake in shares of Proficient Auto Logistics by 15.0% during the 3rd quarter. Alliancebernstein L.P. now owns 13,800 shares of the company’s stock worth $95,000 after purchasing an additional 1,800 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Proficient Auto Logistics by 77.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company’s stock worth $31,000 after purchasing an additional 1,975 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Proficient Auto Logistics by 32.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,636 shares of the company’s stock worth $151,000 after purchasing an additional 3,810 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Proficient Auto Logistics by 44.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company’s stock worth $105,000 after purchasing an additional 3,866 shares during the period.

About Proficient Auto Logistics

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.