De Lisle Partners LLP bought a new stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 574,295 shares of the company's stock, valued at approximately $3,914,000. De Lisle Partners LLP owned approximately 2.07% of Proficient Auto Logistics at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in PAL. Empowered Funds LLC lifted its holdings in Proficient Auto Logistics by 1,237.9% in the 1st quarter. Empowered Funds LLC now owns 219,169 shares of the company's stock valued at $1,486,000 after purchasing an additional 202,788 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Proficient Auto Logistics in the 2nd quarter worth approximately $7,322,000. Brightlight Capital Management LP raised its holdings in Proficient Auto Logistics by 23.7% in the 4th quarter. Brightlight Capital Management LP now owns 358,700 shares of the company's stock valued at $3,458,000 after acquiring an additional 68,623 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of Proficient Auto Logistics during the fourth quarter worth $5,835,000. Finally, CM Wealth Advisors LLC acquired a new stake in shares of Proficient Auto Logistics during the second quarter worth $729,000.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Zacks Research lowered Proficient Auto Logistics from a "hold" rating to a "strong sell" rating in a research note on Monday, August 10th. Stifel Nicolaus raised their price target on Proficient Auto Logistics from $9.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Barrington Research set a $12.00 price target on Proficient Auto Logistics in a report on Tuesday, August 11th. Wall Street Zen raised shares of Proficient Auto Logistics from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Weiss Ratings lowered shares of Proficient Auto Logistics from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.00.
View Our Latest Analysis on PAL
Proficient Auto Logistics Stock Performance
Shares of PAL stock opened at $5.33 on Friday. The company's fifty day simple moving average is $6.77 and its 200-day simple moving average is $6.85. Proficient Auto Logistics, Inc. has a 52 week low of $4.85 and a 52 week high of $10.97. The company has a current ratio of 1.18, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. The company has a market cap of $149.51 million, a PE ratio of -3.78 and a beta of 1.25.
Insider Buying and Selling at Proficient Auto Logistics
In related news, Director Rohit Lal bought 10,000 shares of the stock in a transaction dated Friday, August 14th. The stock was acquired at an average price of $5.53 per share, for a total transaction of $55,300.00. Following the completion of the purchase, the director owned 71,903 shares in the company, valued at $397,623.59. This represents a 16.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 54,995 shares of company stock valued at $300,222 over the last ninety days. 14.20% of the stock is owned by corporate insiders.
Proficient Auto Logistics Profile
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Free Report)
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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.
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