Next Century Growth Investors LLC Acquires New Position in Proficient Auto Logistics, Inc. $PAL

Key Points

• Next Century Growth Investors LLC has acquired a new stake in Proficient Auto Logistics, purchasing 228,329 shares valued at approximately $1.91 million, representing about 0.84% of the company.
• Proficient Auto Logistics shares have fluctuated between a 52-week low of $5.88 and a high of $19.43, currently trading around $8.17.
• Analysts have set a consensus rating of "Buy" for Proficient Auto Logistics, with an average price target of $14.67, signaling potential growth ahead.

Next Century Growth Investors LLC acquired a new stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 228,329 shares of the company's stock, valued at approximately $1,911,000. Next Century Growth Investors LLC owned approximately 0.84% of Proficient Auto Logistics at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in Proficient Auto Logistics by 37.9% during the 4th quarter. Wells Fargo & Company MN now owns 8,640 shares of the company's stock valued at $70,000 after acquiring an additional 2,373 shares in the last quarter. Corebridge Financial Inc. boosted its holdings in Proficient Auto Logistics by 33.6% in the 1st quarter. Corebridge Financial Inc. now owns 10,409 shares of the company's stock valued at $87,000 after purchasing an additional 2,619 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Proficient Auto Logistics in the 4th quarter valued at about $96,000. MetLife Investment Management LLC acquired a new position in Proficient Auto Logistics in the 1st quarter valued at about $111,000. Finally, Deutsche Bank AG acquired a new position in Proficient Auto Logistics in the 4th quarter valued at about $120,000.

Proficient Auto Logistics Trading Down 1.3%

Shares of PAL stock opened at $8.17 on Thursday. Proficient Auto Logistics, Inc. has a fifty-two week low of $5.88 and a fifty-two week high of $19.43. The company has a 50 day moving average price of $7.33 and a 200 day moving average price of $8.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.16 and a current ratio of 1.16.

Analysts Set New Price Targets

Several research firms have weighed in on PAL. Barrington Research reiterated an "outperform" rating and issued a $12.00 target price on shares of Proficient Auto Logistics in a report on Tuesday, August 12th. Stifel Nicolaus set a $13.00 price target on shares of Proficient Auto Logistics in a research note on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $14.67.

Proficient Auto Logistics Company Profile

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.

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