Diamond Hill Capital Management LLC Investment Advisor bought a new position in Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,075,230 shares of the company's stock, valued at approximately $7,322,000. Diamond Hill Capital Management LLC Investment Advisor owned about 3.87% of Proficient Auto Logistics as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Royce & Associates LP bought a new stake in Proficient Auto Logistics during the fourth quarter valued at about $5,835,000. Empowered Funds LLC grew its position in shares of Proficient Auto Logistics by 1,237.9% in the first 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 during the last quarter. 4D Advisors LLC bought a new position in shares of Proficient Auto Logistics in the fourth quarter worth about $1,928,000. Boston Partners increased its stake in shares of Proficient Auto Logistics by 6.9% in the third quarter. Boston Partners now owns 2,288,113 shares of the company's stock worth $15,763,000 after purchasing an additional 147,101 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Proficient Auto Logistics by 31.2% during the 3rd quarter. Franklin Resources Inc. now owns 525,744 shares of the company's stock worth $3,622,000 after purchasing an additional 124,920 shares during the last quarter.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Weiss Ratings cut Proficient Auto Logistics from a "sell (d-)" rating to a "sell (e+)" rating in a research 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 report on Saturday. Barrington Research set a $12.00 target price on shares of Proficient Auto Logistics in a research note on Tuesday, August 11th. Stifel Nicolaus increased their price target on shares of Proficient Auto Logistics from $9.00 to $12.00 and gave the company a "buy" rating in a report on Tuesday, August 11th. Finally, Zacks Research lowered shares of Proficient Auto Logistics from a "hold" rating to a "strong sell" rating in a research report on Monday, August 10th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.00.
Get Our Latest Research Report on PAL
Insider Buying and Selling at Proficient Auto Logistics
In other Proficient Auto Logistics news, Director Rohit Lal purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of $5.53 per share, with a total value of $55,300.00. Following the acquisition, the director directly owned 71,903 shares of the company's stock, valued at approximately $397,623.59. This trade represents a 16.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders have purchased a total of 54,995 shares of company stock worth $300,222 over the last three months. Company insiders own 14.20% of the company's stock.
Proficient Auto Logistics Stock Up 7.1%
Shares of NASDAQ PAL opened at $5.89 on Tuesday. Proficient Auto Logistics, Inc. has a 52-week low of $4.85 and a 52-week high of $10.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The business has a fifty day moving average of $6.99 and a two-hundred day moving average of $6.96. The stock has a market cap of $163.57 million, a PE ratio of -4.18 and a beta of 1.25.
Proficient Auto Logistics Company Profile
(
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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Want to see what other hedge funds are holding PAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report).
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