AYAL Capital Advisors Ltd Buys 132,359 Shares of 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 grew its holdings in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 41.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 453,459 shares of the company's stock after acquiring an additional 132,359 shares during the quarter. Proficient Auto Logistics comprises 1.3% of AYAL Capital Advisors Ltd's investment portfolio, making the stock its 24th largest position. AYAL Capital Advisors Ltd owned about 1.68% of Proficient Auto Logistics worth $3,795,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Alyeska Investment Group L.P. boosted its position in shares of Proficient Auto Logistics by 1.6% during the 1st quarter. Alyeska Investment Group L.P. now owns 466,128 shares of the company's stock valued at $3,901,000 after acquiring an additional 7,137 shares during the last quarter. Aperture Investors LLC bought a new stake in shares of Proficient Auto Logistics during the 1st quarter valued at about $934,000. Next Century Growth Investors LLC bought a new stake in shares of Proficient Auto Logistics during the 1st quarter valued at about $1,911,000. Corebridge Financial Inc. boosted its position in shares of Proficient Auto Logistics by 33.6% during the 1st quarter. Corebridge Financial Inc. now owns 10,409 shares of the company's stock valued at $87,000 after acquiring an additional 2,619 shares during the last quarter. Finally, MetLife Investment Management LLC bought a new stake in shares of Proficient Auto Logistics during the 1st quarter valued at about $111,000.

Proficient Auto Logistics Stock Performance

NASDAQ:PAL remained flat at $7.50 during mid-day trading on Friday. The company had a trading volume of 121,933 shares, compared to its average volume of 185,267. The company has a 50 day moving average price of $7.44 and a 200 day moving average price of $8.09. Proficient Auto Logistics, Inc. has a one year low of $5.88 and a one year high of $18.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.16 and a quick ratio of 1.16.

Analysts Set New Price Targets

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

Proficient Auto Logistics 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.