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

Brookwood Investment Group LLC purchased a new stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,999 shares of the company's stock, valued at approximately $519,000. Brookwood Investment Group LLC owned 0.23% of Proficient Auto Logistics as of its most recent filing with the Securities and Exchange Commission (SEC).

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% during the fourth 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% during the fourth 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 stake 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 valued at $3,262,000 after purchasing an additional 136,723 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 valued at $2,970,000 after purchasing an additional 20,181 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Proficient Auto Logistics by 258.1% during the fourth quarter. Franklin Resources Inc. now owns 363,670 shares of the company's stock valued at $2,935,000 after purchasing an additional 262,123 shares during the last quarter.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their price target on 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

NASDAQ PAL traded up $0.02 during trading on Friday, reaching $8.12. 124,714 shares of the company's stock were exchanged, compared to its average volume of 179,387. Proficient Auto Logistics, Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $21.01. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. The company's fifty day simple moving average is $7.45 and its 200-day simple moving average is $8.64.

Proficient Auto Logistics (NASDAQ:PAL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $94.65 million. On average, research analysts expect that Proficient Auto Logistics, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In related 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.90% of the company's stock.

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.