Richard D. Odell Buys 54,000 Shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) Stock

Proficient Auto Logistics, Inc. (NASDAQ:PAL) CEO Richard D. Odell acquired 54,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average price of $9.20 per share, with a total value of $496,800.00. Following the transaction, the chief executive officer now owns 753,802 shares in the company, valued at approximately $6,934,978.40. The trade was a 7.72 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Proficient Auto Logistics Stock Performance

Shares of NASDAQ PAL opened at $9.54 on Friday. Proficient Auto Logistics, Inc. has a fifty-two week low of $8.06 and a fifty-two week high of $21.01. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of $12.53.

Proficient Auto Logistics (NASDAQ:PAL) last issued its earnings results on Friday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $91.50 million for the quarter, compared to the consensus estimate of $89.54 million. The business’s quarterly revenue was down 12.5% compared to the same quarter last year. On average, research analysts anticipate that Proficient Auto Logistics, Inc. will post 0.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PAL. Raymond James decreased their price objective on shares of Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Barrington Research decreased their price target on shares of Proficient Auto Logistics from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, 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.

Institutional Trading of Proficient Auto Logistics

Hedge funds have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC acquired a new position in shares of Proficient Auto Logistics in the 2nd quarter valued at approximately $1,867,000. AYAL Capital Advisors Ltd acquired a new position in shares of Proficient Auto Logistics in the second quarter valued at approximately $5,220,000. Wedge Capital Management L L P NC bought a new stake in shares of Proficient Auto Logistics during the third quarter worth $1,691,000. Emerald Advisers LLC acquired a new stake in shares of Proficient Auto Logistics during the second quarter worth $1,172,000. Finally, Millennium Management LLC bought a new stake in Proficient Auto Logistics in the 2nd quarter valued at $14,446,000.

Proficient Auto Logistics Company 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.