Proficient Auto Logistics, Inc. (NASDAQ:PAL) Position Lessened by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust decreased its stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 69.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,451 shares of the company's stock after selling 317,905 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.52% of Proficient Auto Logistics worth $1,142,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Northern Trust Corp boosted its stake in shares of Proficient Auto Logistics by 4.8% in the fourth quarter. Northern Trust Corp now owns 127,956 shares of the company's stock valued at $1,033,000 after purchasing an additional 5,850 shares during the period. Marshall Wace LLP increased its position in shares of Proficient Auto Logistics by 122.4% during the fourth quarter. Marshall Wace LLP now owns 31,970 shares of the company's stock worth $258,000 after acquiring an additional 17,597 shares during the last quarter. Barclays PLC lifted its stake in shares of Proficient Auto Logistics by 15.3% in the fourth quarter. Barclays PLC now owns 25,324 shares of the company's stock worth $204,000 after acquiring an additional 3,365 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in Proficient Auto Logistics by 8.2% in the fourth quarter. Kennedy Capital Management LLC now owns 249,360 shares of the company's stock valued at $2,012,000 after purchasing an additional 19,004 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in Proficient Auto Logistics during the 4th quarter valued at approximately $242,000.

Proficient Auto Logistics Price Performance

NASDAQ PAL traded up $0.04 on Monday, hitting $8.43. 38,535 shares of the stock traded hands, compared to its average volume of 287,155. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $8.93 and a 200 day moving average of $9.24. Proficient Auto Logistics, Inc. has a twelve month low of $6.81 and a twelve month high of $21.01.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PAL shares. Barrington Research reiterated an "outperform" rating and set a $15.00 target price on shares of Proficient Auto Logistics in a research note on Wednesday, February 12th. Stifel Nicolaus reduced their price objective on shares of Proficient Auto Logistics from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Monday, April 14th.

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.