Brookwood Investment Group LLC Acquires New Position in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Key Points

• Brookwood Investment Group LLC acquired a new stake in Proficient Auto Logistics, purchasing 61,999 shares valued at approximately $519,000, which represents about 0.23% ownership of the company.
• Insider trading activity includes CEO Richard D. Odell selling 49,300 shares for $406,232, leading to a 5.57% decrease in his position, while insiders collectively own 13.90% of the company.
• Proficient Auto Logistics reported a net loss of $0.03 per share, missing analyst expectations, although revenue came in slightly above estimates at $95.21 million.

Brookwood Investment Group LLC acquired a new position in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 61,999 shares of the company's stock, valued at approximately $519,000. Brookwood Investment Group LLC owned about 0.23% of Proficient Auto Logistics at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in Proficient Auto Logistics by 12.4% in the 4th quarter. American Century Companies Inc. now owns 1,453,428 shares of the company's stock valued at $11,729,000 after purchasing an additional 160,032 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in Proficient Auto Logistics by 5.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 458,991 shares of the company's stock valued at $3,704,000 after purchasing an additional 25,000 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in Proficient Auto Logistics by 54.0% during the first quarter. Diamond Hill Capital Management Inc. now owns 389,753 shares of the company's stock worth $3,262,000 after acquiring an additional 136,723 shares during the last quarter. Geode Capital Management LLC lifted its position in Proficient Auto Logistics by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 367,933 shares of the company's stock worth $2,970,000 after acquiring an additional 20,181 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Proficient Auto Logistics by 258.1% during the fourth quarter. Franklin Resources Inc. now owns 363,670 shares of the company's stock worth $2,935,000 after acquiring an additional 262,123 shares during the last quarter.

Insider Activity at Proficient Auto Logistics

In other news, CEO Richard D. Odell sold 49,300 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $8.24, for a total transaction of $406,232.00. Following the transaction, the chief executive officer directly owned 836,172 shares of the company's stock, valued at approximately $6,890,057.28. This trade represents a 5.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.90% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their price objective on shares of Proficient Auto Logistics from $17.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, May 8th.

Proficient Auto Logistics Stock Performance

PAL stock traded up $0.15 during mid-day trading on Monday, hitting $8.27. 42,389 shares of the company were exchanged, compared to its average volume of 263,540. The business has a 50 day simple moving average of $7.45 and a 200-day simple moving average of $8.62. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. Proficient Auto Logistics, Inc. has a 1-year low of $6.55 and a 1-year high of $21.01.

Proficient Auto Logistics (NASDAQ:PAL - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). Proficient Auto Logistics had a negative return on equity of 2.05% and a negative net margin of 3.49%. The business had revenue of $95.21 million for the quarter, compared to the consensus estimate of $94.65 million. Equities analysts expect that Proficient Auto Logistics, Inc. will post 0.34 earnings per share for the current fiscal year.

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.