PDT Partners LLC Acquires New Stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

PDT Partners LLC purchased a new stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 33,637 shares of the company's stock, valued at approximately $271,000. PDT Partners LLC owned about 0.12% of Proficient Auto Logistics at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Rhumbline Advisers raised its position in Proficient Auto Logistics by 7.9% in the fourth quarter. Rhumbline Advisers now owns 16,971 shares of the company's stock worth $137,000 after acquiring an additional 1,238 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Proficient Auto Logistics by 37.9% in the fourth quarter. Wells Fargo & Company MN now owns 8,640 shares of the company's stock valued at $70,000 after buying an additional 2,373 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its stake in shares of Proficient Auto Logistics by 20.0% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 15,000 shares of the company's stock worth $121,000 after acquiring an additional 2,500 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in 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 worth $272,000 after purchasing an additional 3,287 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Proficient Auto Logistics by 15.3% during the 4th quarter. Barclays PLC now owns 25,324 shares of the company's stock worth $204,000 after buying an additional 3,365 shares during the last quarter.

Proficient Auto Logistics Stock Down 3.3 %

PAL stock traded down $0.27 during trading on Thursday, hitting $7.85. 123,658 shares of the company's stock traded hands, compared to its average volume of 286,630. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.16. Proficient Auto Logistics, Inc. has a 52 week low of $6.81 and a 52 week high of $21.01. The stock has a fifty day moving average price of $8.80 and a two-hundred day moving average price of $9.22.

Proficient Auto Logistics (NASDAQ:PAL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05). The business had revenue of $95.21 million during the quarter, compared to the consensus estimate of $94.65 million. Research analysts predict that Proficient Auto Logistics, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barrington Research reaffirmed an "outperform" rating and set a $15.00 price objective on shares of Proficient Auto Logistics in a research note on Wednesday, February 12th. Stifel Nicolaus reduced their price target on Proficient Auto Logistics from $17.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday.

Proficient Auto Logistics 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.