AYAL Capital Advisors Ltd Has $3.80 Million Stock Position in Proficient Auto Logistics, Inc. $PAL

Key Points

• AYAL Capital Advisors Ltd increased its holdings in Proficient Auto Logistics by 41.2% in the 1st quarter, now owning a total of 453,459 shares valued at approximately $3.8 million.
• Other hedge funds, such as Boston Partners and American Century Companies Inc., also significantly increased their stakes, with Boston Partners growing its position by a remarkable 1,602.6%.
• Proficient Auto Logistics has received a consensus rating of "Buy" from analysts with an average price target of $14.67, while currently trading at about $7.72.

AYAL Capital Advisors Ltd lifted its stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 41.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 453,459 shares of the company's stock after acquiring an additional 132,359 shares during the quarter. Proficient Auto Logistics accounts for 1.3% of AYAL Capital Advisors Ltd's portfolio, making the stock its 24th largest holding. AYAL Capital Advisors Ltd owned 1.68% of Proficient Auto Logistics worth $3,795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of PAL. Wells Fargo & Company MN boosted its position in shares of Proficient Auto Logistics by 37.9% in the 4th quarter. Wells Fargo & Company MN now owns 8,640 shares of the company's stock valued at $70,000 after purchasing an additional 2,373 shares during the period. Corebridge Financial Inc. boosted its position in shares of Proficient Auto Logistics by 33.6% in the 1st quarter. Corebridge Financial Inc. now owns 10,409 shares of the company's stock valued at $87,000 after purchasing an additional 2,619 shares during the period. Victory Capital Management Inc. boosted its position in shares of Proficient Auto Logistics by 29.0% in the 1st quarter. Victory Capital Management Inc. now owns 14,345 shares of the company's stock valued at $120,000 after purchasing an additional 3,225 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of Proficient Auto Logistics by 2.8% in the 1st quarter. Wedge Capital Management L L P NC now owns 121,687 shares of the company's stock valued at $1,019,000 after purchasing an additional 3,342 shares during the period. Finally, Barclays PLC boosted its position in shares of Proficient Auto Logistics by 15.3% in the 4th quarter. Barclays PLC now owns 25,324 shares of the company's stock valued at $204,000 after purchasing an additional 3,365 shares during the period.

Proficient Auto Logistics Stock Up 0.9%

Shares of PAL stock traded up $0.07 during trading on Monday, reaching $7.57. The company had a trading volume of 127,986 shares, compared to its average volume of 247,667. The firm's 50 day simple moving average is $7.44 and its two-hundred day simple moving average is $8.07. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.20. Proficient Auto Logistics, Inc. has a one year low of $5.88 and a one year high of $18.38.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PAL. Stifel Nicolaus set a $13.00 price target on Proficient Auto Logistics in a research report on Tuesday, August 12th. Barrington Research reissued an "outperform" rating and issued a $12.00 price objective on shares of Proficient Auto Logistics in a research note on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Proficient Auto Logistics currently has an average rating of "Buy" and an average target price of $14.67.

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.