Empowered Funds LLC boosted its holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 1,237.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 219,169 shares of the company's stock after buying an additional 202,788 shares during the period. Empowered Funds LLC owned approximately 0.79% of Proficient Auto Logistics worth $1,486,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of PAL. BNP Paribas Financial Markets boosted its position in shares of Proficient Auto Logistics by 77.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company's stock valued at $31,000 after acquiring an additional 1,975 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Proficient Auto Logistics during the 1st quarter valued at about $73,000. Odyssean LLC bought a new position in Proficient Auto Logistics during the 4th quarter valued at about $98,000. Invesco Ltd. acquired a new stake in shares of Proficient Auto Logistics during the fourth quarter worth approximately $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Proficient Auto Logistics by 44.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company's stock worth $105,000 after buying an additional 3,866 shares in the last quarter.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Barrington Research set a $10.00 price target on Proficient Auto Logistics in a research report on Monday, May 11th. Wall Street Zen cut Proficient Auto Logistics from a "hold" rating to a "sell" rating in a report on Sunday, August 2nd. Weiss Ratings upgraded shares of Proficient Auto Logistics from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 21st. Finally, Zacks Research raised shares of Proficient Auto Logistics from a "strong sell" rating to a "hold" rating in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $10.00.
Get Our Latest Research Report on Proficient Auto Logistics
Proficient Auto Logistics Stock Performance
PAL stock opened at $7.34 on Friday. Proficient Auto Logistics, Inc. has a 1-year low of $4.85 and a 1-year high of $10.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $203.83 million, a PE ratio of -5.52 and a beta of 1.25. The business's 50-day moving average price is $7.05 and its two-hundred day moving average price is $7.16.
Insider Transactions at Proficient Auto Logistics
In other news, CEO Richard D. Odell sold 27,191 shares of the company's stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.03, for a total value of $136,770.73. Following the completion of the transaction, the chief executive officer owned 936,908 shares in the company, valued at $4,712,647.24. This represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 14.20% of the company's stock.
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.
Further Reading
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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