Aperture Investors LLC Acquires Shares of 111,573 Proficient Auto Logistics, Inc. $PAL

Key Points

• Aperture Investors LLC has acquired a new stake in Proficient Auto Logistics, Inc., purchasing 111,573 shares valued at approximately $934,000, amounting to 0.41% ownership.
• Boston Partners has significantly increased its holdings in the company by 1,602.6%, now owning 1,447,787 shares worth around $12.1 million.
• Wall Street analysts have set target prices for Proficient Auto Logistics between $12.00 and $14.67, with an overall average rating of "Buy" for the stock.

Aperture Investors LLC acquired a new stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 111,573 shares of the company's stock, valued at approximately $934,000. Aperture Investors LLC owned approximately 0.41% of Proficient Auto Logistics at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Boston Partners boosted its holdings in shares of Proficient Auto Logistics by 1,602.6% in the 1st quarter. Boston Partners now owns 1,447,787 shares of the company's stock worth $12,116,000 after acquiring an additional 1,362,751 shares in the last quarter. Bastion Asset Management Inc. acquired a new position in shares of Proficient Auto Logistics in the 1st quarter worth approximately $3,455,000. Russell Investments Group Ltd. boosted its holdings in shares of Proficient Auto Logistics by 137.9% in the 1st quarter. Russell Investments Group Ltd. now owns 701,513 shares of the company's stock worth $5,872,000 after acquiring an additional 406,614 shares in the last quarter. Next Century Growth Investors LLC acquired a new position in shares of Proficient Auto Logistics in the 1st quarter worth approximately $1,911,000. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Proficient Auto Logistics by 128.6% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 323,289 shares of the company's stock worth $2,706,000 after acquiring an additional 181,838 shares in the last quarter.

Proficient Auto Logistics Trading Down 3.3%

PAL stock opened at $7.90 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.16 and a current ratio of 1.16. The company has a 50 day moving average price of $7.35 and a 200 day moving average price of $8.24. Proficient Auto Logistics, Inc. has a fifty-two week low of $5.88 and a fifty-two week high of $19.43.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Stifel Nicolaus set a $13.00 target price on Proficient Auto Logistics in a report on Tuesday, August 12th. Barrington Research reissued an "outperform" rating and issued a $12.00 target price on shares of Proficient Auto Logistics in a report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $14.67.

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.

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