Proficient Auto Logistics (NASDAQ:PAL) Lowered to Sell Rating by Wall Street Zen

by · The Markets Daily

Wall Street Zen lowered shares of Proficient Auto Logistics (NASDAQ:PAL – Free Report) from a hold rating to a sell rating in a research report report published on Sunday morning.

A number of other research firms have also weighed in on PAL. Zacks Research upgraded shares of Proficient Auto Logistics from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Barrington Research set a $10.00 price objective on shares of Proficient Auto Logistics in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Proficient Auto Logistics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.00.

Read Our Latest Stock Report on PAL

Proficient Auto Logistics Price Performance

Proficient Auto Logistics stock opened at $6.84 on Friday. Proficient Auto Logistics has a 12 month low of $4.85 and a 12 month high of $10.97. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day simple moving average of $6.88 and a 200-day simple moving average of $7.24. The stock has a market capitalization of $189.95 million, a PE ratio of -5.14 and a beta of 1.25.

Insider Activity at Proficient Auto Logistics

In other Proficient Auto Logistics news, CEO Richard D. Odell sold 27,191 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $5.03, for a total transaction of $136,770.73. Following the sale, the chief executive officer directly owned 936,908 shares in the company, valued at approximately $4,712,647.24. The trade was a 2.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 14.20% of the company’s stock.

Institutional Trading of Proficient Auto Logistics

Several hedge funds and other institutional investors have recently made changes to their positions in PAL. Royce & Associates LP purchased a new position in shares of Proficient Auto Logistics in the fourth quarter valued at $5,835,000. Brightlight Capital Management LP boosted its position in shares of Proficient Auto Logistics by 23.7% in the 4th quarter. Brightlight Capital Management LP now owns 358,700 shares of the company’s stock worth $3,458,000 after buying an additional 68,623 shares in the last quarter. 4D Advisors LLC purchased a new stake in shares of Proficient Auto Logistics in the 4th quarter worth about $1,928,000. PNC Financial Services Group Inc. grew its stake in Proficient Auto Logistics by 6,231.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,072 shares of the company’s stock valued at $242,000 after acquiring an additional 24,676 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in Proficient Auto Logistics by 7.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 906,345 shares of the company’s stock valued at $8,737,000 after acquiring an additional 62,846 shares during the last quarter.

About Proficient Auto Logistics

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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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.

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