Barclays PLC purchased a new position in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 21,959 shares of the company’s stock, valued at approximately $311,000.
Several other institutional investors and hedge funds have also modified their holdings of PAL. Y Intercept Hong Kong Ltd acquired a new position in Proficient Auto Logistics during the third quarter worth about $242,000. State Street Corp grew its holdings in shares of Proficient Auto Logistics by 199.0% during the 3rd quarter. State Street Corp now owns 157,551 shares of the company’s stock valued at $2,234,000 after purchasing an additional 104,851 shares during the last quarter. Verition Fund Management LLC acquired a new position in Proficient Auto Logistics during the 3rd quarter worth approximately $152,000. Walleye Capital LLC lifted its stake in Proficient Auto Logistics by 48.9% in the 3rd quarter. Walleye Capital LLC now owns 103,391 shares of the company’s stock valued at $1,466,000 after purchasing an additional 33,958 shares during the last quarter. Finally, De Lisle Partners LLP boosted its position in Proficient Auto Logistics by 23.8% in the third quarter. De Lisle Partners LLP now owns 557,000 shares of the company’s stock valued at $7,906,000 after buying an additional 107,000 shares in the last quarter.
Proficient Auto Logistics Stock Performance
Shares of Proficient Auto Logistics stock opened at $8.84 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.25 and a quick ratio of 1.25. Proficient Auto Logistics, Inc. has a twelve month low of $7.24 and a twelve month high of $21.01. The company’s fifty day moving average is $9.03 and its 200 day moving average is $13.99.
Insider Transactions at Proficient Auto Logistics
In other news, CEO Richard D. Odell bought 54,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of $9.20 per share, with a total value of $496,800.00. Following the completion of the transaction, the chief executive officer now directly owns 753,802 shares of the company’s stock, valued at $6,934,978.40. This trade represents a 7.72 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Raymond James lowered their price target on shares of Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Stifel Nicolaus dropped their target price on Proficient Auto Logistics from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, Barrington Research reduced their price target on Proficient Auto Logistics from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th.
Read Our Latest Stock Report on PAL
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.
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