Royce & Associates LP Takes $5.84 Million Position in Proficient Auto Logistics, Inc. $PAL

Royce & Associates LP purchased a new stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 605,290 shares of the company’s stock, valued at approximately $5,835,000.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in Proficient Auto Logistics by 77.7% in the third quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company’s stock worth $31,000 after buying an additional 1,975 shares in the last quarter. FNY Investment Advisers LLC raised its stake in Proficient Auto Logistics by 44.6% in the third quarter. FNY Investment Advisers LLC now owns 5,800 shares of the company’s stock worth $39,000 after buying an additional 1,789 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Proficient Auto Logistics in the first quarter worth approximately $73,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Proficient Auto Logistics by 44.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company’s stock worth $105,000 after buying an additional 3,866 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Proficient Auto Logistics by 15.0% in the third quarter. Alliancebernstein L.P. now owns 13,800 shares of the company’s stock worth $95,000 after buying an additional 1,800 shares in the last quarter.

Proficient Auto Logistics Price Performance

NASDAQ PAL opened at $5.47 on Friday. The firm’s fifty day simple moving average is $6.37 and its two-hundred day simple moving average is $7.87. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. Proficient Auto Logistics, Inc. has a 12-month low of $4.85 and a 12-month high of $10.97. The firm has a market capitalization of $151.90 million, a P/E ratio of -4.11 and a beta of 1.90.

Insider Buying and Selling at Proficient Auto Logistics

In other news, Director Rohit Lal purchased 10,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were acquired at an average cost of $6.38 per share, with a total value of $63,800.00. Following the completion of the acquisition, the director owned 20,000 shares of the company’s stock, valued at $127,600. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard D. Odell sold 33,743 shares of Proficient Auto Logistics stock in a transaction on Friday, May 15th. The stock was sold at an average price of $5.08, for a total transaction of $171,414.44. Following the completion of the transaction, the chief executive officer directly owned 964,099 shares in the company, valued at $4,897,622.92. This represents a 3.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders acquired 13,800 shares of company stock worth $83,370 over the last ninety days. Corporate insiders own 14.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barrington Research set a $10.00 price objective on shares of Proficient Auto Logistics in a research note on Monday, May 11th. Zacks Research downgraded shares of Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Stifel Nicolaus reduced their price objective on shares of Proficient Auto Logistics from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Proficient Auto Logistics in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.00.

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.