Denali Advisors LLC Has $374,000 Stake in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI)

Denali Advisors LLC raised its stake in shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 30.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,100 shares of the transportation company’s stock after buying an additional 5,400 shares during the period. Denali Advisors LLC owned 0.10% of P.A.M. Transportation Services worth $374,000 at the end of the most recent quarter.

Separately, Linden Thomas Advisory Services LLC acquired a new position in shares of P.A.M. Transportation Services during the 4th quarter valued at about $208,000. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on PTSI. StockNews.com raised P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Stephens reduced their price objective on shares of P.A.M. Transportation Services from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th.

P.A.M. Transportation Services Trading Down 1.4 %

Shares of NASDAQ:PTSI opened at $16.80 on Thursday. P.A.M. Transportation Services, Inc. has a 52-week low of $13.51 and a 52-week high of $27.18. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.22 and a current ratio of 2.24. The company has a market cap of $365.40 million, a P/E ratio of 27.54 and a beta of 1.13. The stock’s 50-day moving average is $16.65 and its 200-day moving average is $17.70.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its earnings results on Thursday, April 18th. The transportation company reported $0.01 earnings per share (EPS) for the quarter. P.A.M. Transportation Services had a return on equity of 4.29% and a net margin of 1.75%. The firm had revenue of $182.59 million for the quarter. Equities research analysts predict that P.A.M. Transportation Services, Inc. will post 0.5 earnings per share for the current year.

P.A.M. Transportation Services Profile

P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.