Empowered Funds LLC Makes New $1.27 Million Investment in PAMT Corp. $PAMT

Key Points

• Empowered Funds LLC acquired 90,870 shares of PAMT Corp. in the second quarter, valued at approximately $1.27 million, giving it a 0.43% stake. Institutional investors and hedge funds collectively own 22.06% of the company.
• Analyst sentiment remains negative: PAMT holds a consensus rating of “Sell,” although Wall Street Zen recently upgraded the stock to “Hold.”
• PAMT reported a quarterly loss of $0.36 per share on $164.65 million in revenue, with a negative net margin of 7.07% and negative return on equity of 13.82%.

Empowered Funds LLC acquired a new position in shares of PAMT Corp. (NASDAQ:PAMT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 90,870 shares of the company's stock, valued at approximately $1,273,000. Empowered Funds LLC owned 0.43% of PAMT at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAMT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of PAMT during the second quarter worth $44,000. Russell Investments Group Ltd. increased its stake in shares of PAMT by 841.7% in the fourth quarter. Russell Investments Group Ltd. now owns 4,699 shares of the company's stock valued at $57,000 after buying an additional 4,200 shares during the period. Deutsche Bank AG bought a new position in PAMT in the 2nd quarter valued at approximately $67,000. JPMorgan Chase & Co. bought a new position in PAMT in the 2nd quarter valued at approximately $88,000. Finally, Strs Ohio bought a new position in PAMT in the 1st quarter valued at approximately $100,000. 22.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Weiss Ratings raised shares of PAMT from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, July 8th. Wall Street Zen raised shares of PAMT to a "hold" rating in a research note on Saturday, July 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell".

PAMT Price Performance

PAMT opened at $13.15 on Friday. PAMT Corp. has a 1 year low of $7.15 and a 1 year high of $17.75. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.32 and a quick ratio of 1.29. The company has a market capitalization of $275.36 million, a price-to-earnings ratio of -6.48 and a beta of 0.98. The firm's fifty day moving average price is $13.92 and its two-hundred day moving average price is $11.97.

PAMT (NASDAQ:PAMT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.36) earnings per share for the quarter. The company had revenue of $164.65 million for the quarter. PAMT had a negative net margin of 7.07% and a negative return on equity of 13.82%.

PAMT Company Profile

PAM Transportation Services, Inc NASDAQ: PAMT is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT's freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.

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