Proficient Auto Logistics' (PAL) Outperform Rating Reiterated at Barrington Research

Key Points

• Barrington Research has reaffirmed an **"outperform" rating** for Proficient Auto Logistics (NASDAQ:PAL) with a **target price of $12.00**, indicating a potential upside of **63.38%** from its current stock price.
• The company's stock experienced a significant **23% increase** on Tuesday, trading at **$7.35** with a trading volume notably higher than its average.
• CEO Richard D. Odell sold **49,300 shares** of the company’s stock recently, reducing his ownership by **5.57%**, while company insiders collectively own **13.90%** of the shares.

Barrington Research restated their outperform rating on shares of Proficient Auto Logistics (NASDAQ:PAL - Free Report) in a research report released on Tuesday morning,Benzinga reports. The firm currently has a $12.00 price target on the stock.

Separately, Stifel Nicolaus set a $13.00 price objective on Proficient Auto Logistics in a report on Tuesday.

Proficient Auto Logistics Stock Down 1.6%

PAL traded down $0.13 during trading hours on Tuesday, reaching $7.91. The company's stock had a trading volume of 304,653 shares, compared to its average volume of 187,759. Proficient Auto Logistics has a 52 week low of $5.88 and a 52 week high of $20.58. The company's 50-day moving average is $7.21 and its 200-day moving average is $8.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18.

Institutional Trading of Proficient Auto Logistics

Large investors have recently modified their holdings of the stock. Sender Co & Partners Inc. bought a new stake in shares of Proficient Auto Logistics during the 2nd quarter worth $189,000. Bridgeway Capital Management LLC bought a new stake in shares of Proficient Auto Logistics during the 2nd quarter worth $189,000. AYAL Capital Advisors Ltd lifted its position in shares of Proficient Auto Logistics by 30.3% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 590,700 shares of the company's stock worth $4,288,000 after buying an additional 137,241 shares during the last quarter. Owls Nest Partners IA LLC bought a new stake in shares of Proficient Auto Logistics during the 2nd quarter worth $271,000. Finally, Marshall Wace LLP lifted its position in shares of Proficient Auto Logistics by 220.7% during the 2nd quarter. Marshall Wace LLP now owns 83,800 shares of the company's stock worth $608,000 after buying an additional 57,672 shares during the last quarter.

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.