Emerald Mutual Fund Advisers Trust Raises Holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Emerald Mutual Fund Advisers Trust grew its position in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 128.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,289 shares of the company's stock after acquiring an additional 181,838 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 1.19% of Proficient Auto Logistics worth $2,706,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Squarepoint Ops LLC bought a new stake in shares of Proficient Auto Logistics during the fourth quarter valued at approximately $96,000. BNP Paribas Financial Markets increased its holdings in shares of Proficient Auto Logistics by 136.9% during the fourth quarter. BNP Paribas Financial Markets now owns 49,047 shares of the company's stock valued at $396,000 after acquiring an additional 28,342 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Proficient Auto Logistics by 258.1% during the fourth quarter. Franklin Resources Inc. now owns 363,670 shares of the company's stock valued at $2,935,000 after acquiring an additional 262,123 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Proficient Auto Logistics by 4.8% during the fourth quarter. Northern Trust Corp now owns 127,956 shares of the company's stock valued at $1,033,000 after acquiring an additional 5,850 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Proficient Auto Logistics by 10.8% during the fourth quarter. Bank of New York Mellon Corp now owns 33,684 shares of the company's stock valued at $272,000 after acquiring an additional 3,287 shares in the last quarter.

Proficient Auto Logistics Price Performance

Proficient Auto Logistics stock traded down $0.03 during trading on Friday, hitting $7.94. 101,392 shares of the company were exchanged, compared to its average volume of 268,886. The business's 50 day moving average is $7.55 and its 200 day moving average is $8.70. Proficient Auto Logistics, Inc. has a 52 week low of $6.55 and a 52 week high of $21.01. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18.

Proficient Auto Logistics (NASDAQ:PAL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). Proficient Auto Logistics had a negative return on equity of 2.05% and a negative net margin of 3.49%. The company had revenue of $95.21 million for the quarter, compared to the consensus estimate of $94.65 million. As a group, equities analysts expect that Proficient Auto Logistics, Inc. will post 0.34 EPS for the current year.

Insiders Place Their Bets

In other Proficient Auto Logistics news, CEO Richard D. Odell sold 49,300 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $8.24, for a total value of $406,232.00. Following the transaction, the chief executive officer owned 836,172 shares of the company's stock, valued at approximately $6,890,057.28. The trade was a 5.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.90% of the company's stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their price target on Proficient Auto Logistics from $17.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

About Proficient Auto Logistics

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.